Brokerages Set Custom Truck One Source, Inc. (NYSE:CTOS) Target Price at $7.13

Shares of Custom Truck One Source, Inc. (NYSE:CTOS) have received a consensus rating of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $7.1250.

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Custom Truck One Source from $5.50 to $6.00 and gave the company an “underweight” rating in a research report on Tuesday, October 14th. Zacks Research upgraded shares of Custom Truck One Source from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Stifel Nicolaus lifted their price objective on Custom Truck One Source from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Custom Truck One Source in a research note on Wednesday, October 8th. Finally, Robert W. Baird set a $6.50 price objective on shares of Custom Truck One Source in a research note on Wednesday, October 29th.

Institutional Investors Weigh In On Custom Truck One Source

Institutional investors have recently added to or reduced their stakes in the stock. Canvas Wealth Advisors LLC raised its holdings in shares of Custom Truck One Source by 48.5% in the 4th quarter. Canvas Wealth Advisors LLC now owns 7,050,221 shares of the company’s stock worth $40,609,000 after buying an additional 2,303,504 shares in the last quarter. Boston Partners grew its position in Custom Truck One Source by 71.5% in the second quarter. Boston Partners now owns 5,433,075 shares of the company’s stock valued at $26,849,000 after acquiring an additional 2,264,366 shares during the period. Portolan Capital Management LLC acquired a new position in Custom Truck One Source during the third quarter worth $4,167,000. Bank of America Corp DE raised its stake in Custom Truck One Source by 32.6% during the third quarter. Bank of America Corp DE now owns 1,794,530 shares of the company’s stock worth $11,521,000 after acquiring an additional 441,257 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Custom Truck One Source by 283.7% during the second quarter. First Eagle Investment Management LLC now owns 558,353 shares of the company’s stock valued at $2,758,000 after acquiring an additional 412,830 shares during the period. 90.07% of the stock is owned by institutional investors and hedge funds.

Custom Truck One Source Trading Up 2.8%

Shares of NYSE:CTOS opened at $6.37 on Friday. The stock has a market capitalization of $1.44 billion, a PE ratio of -53.04 and a beta of 1.16. Custom Truck One Source has a 1 year low of $3.18 and a 1 year high of $6.78. The firm has a fifty day moving average price of $5.99 and a 200 day moving average price of $5.95. The company has a current ratio of 1.27, a quick ratio of 0.22 and a debt-to-equity ratio of 2.08.

Custom Truck One Source (NYSE:CTOS) last posted its earnings results on Monday, October 27th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The company had revenue of $482.06 million during the quarter, compared to analyst estimates of $492.12 million. Custom Truck One Source had a negative return on equity of 5.28% and a negative net margin of 1.26%.The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.07) earnings per share. Analysts expect that Custom Truck One Source will post -0.21 EPS 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.