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

Shares of Custom Truck One Source, Inc. (NYSE:CTOS) have earned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $7.1250.

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

Custom Truck One Source Stock Performance

NYSE:CTOS opened at $6.23 on Wednesday. The firm has a market capitalization of $1.41 billion, a PE ratio of -51.88 and a beta of 1.28. Custom Truck One Source has a 1 year low of $3.18 and a 1 year high of $6.78. The company has a current ratio of 1.27, a quick ratio of 0.22 and a debt-to-equity ratio of 2.08. The firm’s fifty day simple moving average is $6.11 and its 200 day simple moving average is $5.77.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Cetera Investment Advisers grew its position in Custom Truck One Source by 118.8% during the first quarter. Cetera Investment Advisers now owns 58,343 shares of the company’s stock worth $246,000 after buying an additional 31,684 shares in the last quarter. Swiss National Bank raised its holdings in Custom Truck One Source by 15.6% in the 1st quarter. Swiss National Bank now owns 135,700 shares of the company’s stock valued at $573,000 after acquiring an additional 18,300 shares in the last quarter. Invesco Ltd. lifted its position in shares of Custom Truck One Source by 12.8% in the 1st quarter. Invesco Ltd. now owns 110,816 shares of the company’s stock worth $468,000 after acquiring an additional 12,617 shares during the period. Nuveen LLC acquired a new stake in shares of Custom Truck One Source during the 1st quarter worth approximately $699,000. Finally, Fuller & Thaler Asset Management Inc. increased its position in shares of Custom Truck One Source by 3.6% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 110,500 shares of the company’s stock valued at $466,000 after purchasing an additional 3,800 shares during the period. Institutional investors and hedge funds own 90.07% of the company’s stock.

Custom Truck One Source Company Profile

Custom Truck One Source, Inc provides specialty equipment rental and sale services to the electric utility transmission and distribution, telecommunications, rail, forestry, waste management, and other infrastructure-related industries in the United States and Canada. The company operates through three segments: Equipment Rental Solutions (ERS), Truck and Equipment Sales (TES), and Aftermarket Parts and Services (APS).