Custom Truck One Source, Inc. (NYSE:CTOS) Given Average Recommendation of “Buy” by Analysts

Custom Truck One Source, Inc. (NYSE:CTOS – Get Rating) has been assigned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $10.50.

CTOS has been the topic of a number of research reports. Robert W. Baird initiated coverage on shares of Custom Truck One Source in a research note on Friday, January 14th. They set an “outperform” rating and a $11.00 target price on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Custom Truck One Source from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, April 14th. Zacks Investment Research raised shares of Custom Truck One Source from a “sell” rating to a “hold” rating in a research note on Tuesday, January 11th. Finally, Citigroup lifted their target price on shares of Custom Truck One Source from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, April 13th.

Shares of Custom Truck One Source stock opened at $6.69 on Thursday. The firm has a market cap of $1.65 billion, a PE ratio of -5.57 and a beta of 0.41. Custom Truck One Source has a 12-month low of $6.09 and a 12-month high of $11.36. 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 company’s fifty day simple moving average is $8.05 and its two-hundred day simple moving average is $8.20.

Custom Truck One Source (NYSE:CTOS – Get Rating) last announced its earnings results on Thursday, March 10th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.06. The firm had revenue of $356.44 million for the quarter, compared to analyst estimates of $386.15 million. Custom Truck One Source had a negative net margin of 15.55% and a negative return on equity of 15.48%. During the same quarter in the previous year, the firm posted ($0.15) EPS. As a group, sell-side analysts expect that Custom Truck One Source will post 0.08 earnings per share for the current fiscal year.

In related news, major shareholder Holdings L.P. Blackstone III sold 1,848,446 shares of the business’s stock in a transaction dated 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 document filed with the SEC, which is available at this hyperlink. Insiders own 4.80% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Advisor Group Holdings Inc. raised its holdings in Custom Truck One Source by 214.1% in the first quarter. Advisor Group Holdings Inc. now owns 3,666 shares of the company’s stock worth $31,000 after buying an additional 2,499 shares during the last quarter. ProShare Advisors LLC purchased a new position in Custom Truck One Source in the fourth quarter worth about $80,000. OLD Mission Capital LLC purchased a new position in Custom Truck One Source in the fourth quarter worth about $90,000. Wolverine Trading LLC purchased a new position in Custom Truck One Source in the third quarter worth about $107,000. Finally, PEAK6 Investments LLC purchased a new position in Custom Truck One Source in the third quarter worth about $109,000. 91.30% of the stock is owned by institutional investors and hedge funds.

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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