Custom Truck One Source (NYSE:CTOS) Price Target Raised to $12.00

Custom Truck One Source (NYSE:CTOS) had its price target lifted by Robert W. Baird from $10.00 to $12.00 in a research note released on Tuesday, Marketbeat reports. Robert W. Baird currently has a neutral rating on the stock.

CTOS has been the topic of a number of other reports. Stifel Nicolaus boosted their price target on Custom Truck One Source from $8.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Oppenheimer reaffirmed an “outperform” rating and set a $11.00 price objective on shares of Custom Truck One Source in a research report on Friday, May 1st. Capital One Financial set a $13.00 price objective on Custom Truck One Source in a research note on Tuesday, May 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of Custom Truck One Source in a report on Friday, July 17th. Finally, DA Davidson reissued a “buy” rating and issued a $8.50 target price on shares of Custom Truck One Source in a research note on Tuesday, April 28th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $11.21.

Custom Truck One Source Trading Down 0.3%

NYSE:CTOS opened at $10.99 on Tuesday. The firm has a market capitalization of $2.49 billion, a P/E ratio of 122.13 and a beta of 1.38. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.34 and a quick ratio of 0.25. Custom Truck One Source has a one year low of $5.18 and a one year high of $12.23. The company’s 50-day simple moving average is $10.55 and its 200 day simple moving average is $8.58.

Custom Truck One Source (NYSE:CTOS) last announced its earnings results on Monday, August 3rd. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. Custom Truck One Source had a net margin of 1.05% and a return on equity of 2.66%. The business had revenue of $563.45 million during the quarter, compared to the consensus estimate of $509.76 million. During the same quarter last year, the firm earned ($0.13) earnings per share. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, analysts forecast that Custom Truck One Source will post 0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Custom Truck One Source

A number of institutional investors have recently made changes to their positions in CTOS. Bank of New York Mellon Corp bought a new stake in shares of Custom Truck One Source during the second quarter valued at approximately $1,842,000. Empowered Funds LLC lifted its position in Custom Truck One Source by 9.9% in the 1st quarter. Empowered Funds LLC now owns 810,115 shares of the company’s stock valued at $5,322,000 after acquiring an additional 72,935 shares in the last quarter. Quantinno Capital Management LP lifted its position in Custom Truck One Source by 27.0% in the 1st quarter. Quantinno Capital Management LP now owns 19,628 shares of the company’s stock valued at $129,000 after acquiring an additional 4,174 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in Custom Truck One Source during the 1st quarter valued at $125,000. Finally, Entropy Technologies LP purchased a new stake in Custom Truck One Source during the 1st quarter valued at $111,000. Hedge funds and other institutional investors own 90.07% of the company’s stock.

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.