Deutsche Bank Aktiengesellschaft Lowers Custom Truck One Source (NYSE:CTOS) Price Target to $10.00

Custom Truck One Source (NYSE:CTOSGet Rating) had its target price reduced by equities researchers at Deutsche Bank Aktiengesellschaft from $12.00 to $10.00 in a report released on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 20.92% from the company’s previous close.

CTOS has been the subject of several other reports. Robert W. Baird started coverage on Custom Truck One Source in a research report on Friday, January 14th. They set an “outperform” rating and a $11.00 price target for the company. Zacks Investment Research upgraded Custom Truck One Source from a “sell” rating to a “hold” rating in a research report on Tuesday, January 11th. Finally, Citigroup lifted their price target on Custom Truck One Source from $9.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Custom Truck One Source has an average rating of “Buy” and an average price target of $10.50.

Shares of NYSE:CTOS opened at $8.27 on Thursday. Custom Truck One Source has a 52-week low of $6.09 and a 52-week high of $11.36. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of -6.89 and a beta of 0.25. The company has a quick ratio of 0.56, a current ratio of 1.49 and a debt-to-equity ratio of 1.53. The business has a 50-day moving average price of $8.19 and a 200-day moving average price of $8.35.

Custom Truck One Source (NYSE:CTOSGet Rating) last announced its quarterly earnings results on Thursday, March 10th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.06. The company had revenue of $356.44 million during the quarter, compared to analysts’ expectations of $386.15 million. Custom Truck One Source had a negative return on equity of 15.48% and a negative net margin of 15.55%. During the same period last year, the business earned ($0.15) earnings per share. As a group, equities analysts anticipate that Custom Truck One Source will post 0.07 EPS for the current fiscal year.

In other news, major shareholder Holdings L.P. Blackstone III sold 1,848,446 shares of the business’s stock in a transaction that occurred on Wednesday, February 16th. The stock was sold at an average price of $8.07, for a total value of $14,916,959.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.80% of the stock is owned by insiders.

Several large investors have recently modified their holdings of CTOS. Allspring Global Investments Holdings LLC acquired a new stake in shares of Custom Truck One Source in the fourth quarter worth approximately $19,694,000. BlackRock Inc. boosted its stake in shares of Custom Truck One Source by 283.7% in the third quarter. BlackRock Inc. now owns 2,852,992 shares of the company’s stock worth $26,619,000 after acquiring an additional 2,109,383 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Custom Truck One Source by 194.7% in the third quarter. Geode Capital Management LLC now owns 712,564 shares of the company’s stock worth $6,648,000 after acquiring an additional 470,770 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of Custom Truck One Source by 40.3% in the fourth quarter. Schroder Investment Management Group now owns 1,445,874 shares of the company’s stock worth $11,567,000 after acquiring an additional 415,172 shares during the last quarter. Finally, Zweig DiMenna Associates LLC boosted its stake in shares of Custom Truck One Source by 27.0% in the fourth quarter. Zweig DiMenna Associates LLC now owns 1,198,586 shares of the company’s stock worth $9,589,000 after acquiring an additional 255,000 shares during the last quarter. 90.34% of the stock is currently owned by hedge funds and other institutional investors.

Custom Truck One Source Company Profile (Get Rating)

Custom Truck One Source, Inc provides specialty equipment rental services to the electric utility transmission and distribution, telecommunications, rail, other infrastructure-related industries in North America. It operates through Equipment Rental Solutions, Truck and Equipment Sales, and Aftermarket Parts and Services segments.

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