Custom Truck One Source (NYSE:CTOS) Price Target Raised to $11.00

Custom Truck One Source (NYSE:CTOS) had its price target upped by Stifel Nicolaus from $8.00 to $11.00 in a research report released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also commented on CTOS. JPMorgan Chase & Co. decreased their target price on Custom Truck One Source from $6.50 to $6.00 and set an “underweight” rating for the company in a research report on Wednesday, March 11th. DA Davidson reissued a “buy” rating and issued a $8.50 price objective on shares of Custom Truck One Source in a research note on Tuesday. Cantor Fitzgerald started coverage on Custom Truck One Source in a report on Tuesday, April 21st. They set an “overweight” rating and a $11.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Custom Truck One Source in a research report on Monday, April 20th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Custom Truck One Source has an average rating of “Hold” and a consensus target price of $9.33.

Custom Truck One Source Trading Up 2.6%

NYSE:CTOS opened at $10.10 on Wednesday. Custom Truck One Source has a 12 month low of $3.99 and a 12 month high of $10.18. The company has a current ratio of 1.30, a quick ratio of 0.26 and a debt-to-equity ratio of 2.02. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of -112.26 and a beta of 1.40. The firm has a fifty day simple moving average of $7.11 and a two-hundred day simple moving average of $6.54.

Custom Truck One Source (NYSE:CTOS) last announced its quarterly earnings data on Monday, April 27th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.03. The firm had revenue of $461.62 million for the quarter, compared to analyst estimates of $452.67 million. Custom Truck One Source had a negative net margin of 0.88% and a negative return on equity of 2.18%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.08) earnings per share. Analysts expect that Custom Truck One Source will post 0.06 EPS for the current fiscal year.

Institutional Trading of Custom Truck One Source

A number of institutional investors and hedge funds have recently modified their holdings of the business. EFG Asset Management North America Corp. purchased a new position in Custom Truck One Source in the third quarter worth $1,762,000. Canvas Wealth Advisors LLC increased its position in shares of Custom Truck One Source by 48.5% during the 4th quarter. Canvas Wealth Advisors LLC now owns 7,050,221 shares of the company’s stock valued at $40,609,000 after purchasing an additional 2,303,504 shares during the last quarter. Portolan Capital Management LLC bought a new stake in shares of Custom Truck One Source during the 3rd quarter worth $4,167,000. M&T Bank Corp raised its stake in shares of Custom Truck One Source by 3,477.5% during the 4th quarter. M&T Bank Corp now owns 938,098 shares of the company’s stock worth $5,403,000 after purchasing an additional 911,876 shares during the period. Finally, Citigroup Inc. boosted its holdings in shares of Custom Truck One Source by 320.8% in the 3rd quarter. Citigroup Inc. now owns 399,321 shares of the company’s stock worth $2,564,000 after buying an additional 304,427 shares during the last quarter. 90.07% of the stock is owned by hedge funds and other institutional investors.

About Custom Truck One Source

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.