Custom Truck One Source, Inc. (NYSE:CTOS) Receives $10.14 Consensus Target Price from Analysts

Shares of Custom Truck One Source, Inc. (NYSE:CTOS) have been assigned an average rating of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $10.1429.

Several equities research analysts have recently issued reports on the company. Stifel Nicolaus lifted their price target on Custom Truck One Source from $8.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Capital One Financial set a $13.00 price objective on Custom Truck One Source in a report on Tuesday, May 26th. JPMorgan Chase & Co. raised their price objective on shares of Custom Truck One Source from $6.00 to $8.00 and gave the company an “underweight” rating in a research report on Wednesday, April 29th. DA Davidson reiterated a “buy” rating and issued a $8.50 target price on shares of Custom Truck One Source in a research note on Tuesday, April 28th. Finally, Oppenheimer reissued an “outperform” rating and issued a $11.00 target price on shares of Custom Truck One Source in a research report on Friday, May 1st.

Institutional Investors Weigh In On Custom Truck One Source

Institutional investors and hedge funds have recently modified their holdings of the business. Canvas Wealth Advisors LLC raised its holdings in Custom Truck One Source by 48.5% during the fourth quarter. Canvas Wealth Advisors LLC now owns 7,050,221 shares of the company’s stock valued at $40,609,000 after buying an additional 2,303,504 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Custom Truck One Source by 15.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,602,838 shares of the company’s stock worth $36,806,000 after acquiring an additional 741,857 shares in the last quarter. Boston Partners increased its holdings in shares of Custom Truck One Source by 0.8% during the 3rd quarter. Boston Partners now owns 5,475,307 shares of the company’s stock valued at $35,150,000 after acquiring an additional 42,232 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Custom Truck One Source by 2.2% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,310,114 shares of the company’s stock valued at $34,090,000 after acquiring an additional 112,519 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Custom Truck One Source by 4.3% in the 3rd quarter. Vanguard Group Inc. now owns 3,276,088 shares of the company’s stock valued at $21,032,000 after acquiring an additional 135,192 shares in the last quarter. Institutional investors and hedge funds own 90.07% of the company’s stock.

Custom Truck One Source Stock Up 3.2%

Shares of NYSE:CTOS traded up $0.33 during midday trading on Friday, hitting $10.56. 668,357 shares of the stock were exchanged, compared to its average volume of 1,071,081. The company has a market capitalization of $2.39 billion, a PE ratio of -117.34 and a beta of 1.34. Custom Truck One Source has a 52-week low of $5.09 and a 52-week high of $12.23. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.25 and a current ratio of 1.30. The business’s fifty day simple moving average is $10.24 and its two-hundred day simple moving average is $7.97.

Custom Truck One Source (NYSE:CTOS) last issued its earnings results on Monday, April 27th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. Custom Truck One Source had a negative return on equity of 2.18% and a negative net margin of 0.88%.The firm had revenue of $461.62 million for the quarter, compared to the consensus estimate of $452.67 million. During the same quarter in the previous year, the company posted ($0.08) earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. As a group, research analysts predict that Custom Truck One Source will post 0.11 earnings per share for the current fiscal year.

Custom Truck One Source Company Profile

Custom Truck One Source, Inc (NYSE: CTOS) is a North American provider of specialty rental equipment, parts and services. The company’s fleet encompasses a wide range of assets, including cranes, aerial work platforms, trench safety and shoring equipment, fluid management solutions, generators and other industrial machinery. Customers rely on Custom Truck One Source to support projects in construction, energy, telecommunications, industrial manufacturing, municipalities and large-scale events.

Headquartered in Plano, Texas, Custom Truck One Source has expanded through a combination of organic growth and strategic acquisitions to establish a network of more than 140 branch locations across the United States and Canada.