Custom Truck One Source, Inc. (NYSE:CTOS) Given Consensus Rating of “Hold” by Brokerages

Shares of Custom Truck One Source, Inc. (NYSE:CTOS) have received a consensus rating of “Hold” from the seven brokerages that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $9.3333.

A number of equities research analysts have issued reports on CTOS shares. DA Davidson reaffirmed a “buy” rating and issued a $8.50 price target on shares of Custom Truck One Source in a research report on Tuesday, April 28th. Stifel Nicolaus increased their price objective 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. Oppenheimer reiterated an “outperform” rating and issued a $11.00 price objective on shares of Custom Truck One Source in a report on Friday, May 1st. Cantor Fitzgerald started coverage on Custom Truck One Source in a report on Tuesday, April 21st. They issued an “overweight” rating and a $11.00 price objective on the stock. Finally, JPMorgan Chase & Co. increased their price objective on Custom Truck One Source from $6.00 to $8.00 and gave the company an “underweight” rating in a report on Wednesday, April 29th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Cubist Systematic Strategies LLC purchased a new position in Custom Truck One Source during the 1st quarter worth approximately $71,000. AQR Capital Management LLC purchased a new position in shares of Custom Truck One Source in the 1st quarter valued at approximately $63,000. Goldman Sachs Group Inc. grew its stake in shares of Custom Truck One Source by 223.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 529,589 shares of the company’s stock valued at $2,235,000 after purchasing an additional 365,862 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Custom Truck One Source by 9.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 31,855 shares of the company’s stock valued at $157,000 after purchasing an additional 2,773 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Custom Truck One Source by 16.0% in the second quarter. JPMorgan Chase & Co. now owns 29,422 shares of the company’s stock valued at $145,000 after buying an additional 4,058 shares in the last quarter. Hedge funds and other institutional investors own 90.07% of the company’s stock.

Custom Truck One Source Price Performance

CTOS stock opened at $9.83 on Friday. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.30 and a quick ratio of 0.25. The firm has a market capitalization of $2.23 billion, a P/E ratio of -109.17 and a beta of 1.40. The business’s 50-day moving average is $7.58 and its two-hundred day moving average is $6.76. Custom Truck One Source has a 1 year low of $4.19 and a 1 year high of $10.22.

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

About Custom Truck One Source

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.