Brokerages Set Custom Truck One Source, Inc. (NYSE:CTOS) Price Target at $11.00

Shares of Custom Truck One Source, Inc. (NYSE:CTOSGet Rating) have earned a consensus rating of “Buy” from the seven research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $10.50.

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Custom Truck One Source from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Thursday. Robert W. Baird started coverage on shares of Custom Truck One Source in a report on Friday, January 14th. They issued an “outperform” rating and a $11.00 target price on the stock. Zacks Investment Research upgraded shares of Custom Truck One Source from a “sell” rating to a “hold” rating in a report on Tuesday, January 11th. Finally, Citigroup upped their target price on shares of Custom Truck One Source from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday.

Shares of NYSE CTOS traded down $0.15 during trading on Friday, hitting $8.12. 374,716 shares of the company traded hands, compared to its average volume of 456,714. The business’s fifty day moving average is $8.22 and its 200 day moving average is $8.33. Custom Truck One Source has a fifty-two week low of $6.09 and a fifty-two week high of $11.36. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of -6.77 and a beta of 0.25. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.56 and a current ratio of 1.49.

Custom Truck One Source (NYSE:CTOSGet Rating) last announced its quarterly earnings data 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. Custom Truck One Source had a negative net margin of 15.55% and a negative return on equity of 15.48%. The firm had revenue of $356.44 million for the quarter, compared to analyst estimates of $386.15 million. During the same quarter in the prior year, the business earned ($0.15) earnings per share. On average, analysts predict that Custom Truck One Source will post 0.07 EPS for the current year.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CTOS. ProShare Advisors LLC bought a new position in Custom Truck One Source in the 4th quarter valued at $80,000. OLD Mission Capital LLC purchased a new stake in shares of Custom Truck One Source during the 4th quarter valued at $90,000. Wolverine Trading LLC purchased a new stake in shares of Custom Truck One Source during the 3rd quarter valued at $107,000. PEAK6 Investments LLC purchased a new stake in shares of Custom Truck One Source during the 3rd quarter valued at $109,000. Finally, Metropolitan Life Insurance Co NY purchased a new stake in shares of Custom Truck One Source during the 3rd quarter valued at $116,000. 90.34% of the stock is owned by institutional investors.

About Custom Truck One Source (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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