Custom Truck One Source, Inc. (NYSE:CTOS) Stock Has Consensus Price Target of $12.00 According to Brokerages

Shares of Custom Truck One Source, Inc. (NYSE:CTOS) have been given an average recommendation of “Hold” by the eight brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $12.00.

Several research firms have commented on CTOS. Robert W. Baird increased their target price on shares of Custom Truck One Source from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Oppenheimer boosted their price target on Custom Truck One Source from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Cantor Fitzgerald upped their price target on Custom Truck One Source from $13.00 to $14.00 and gave the stock an “overweight” rating in a research note on Monday, August 17th. Zacks Research lowered Custom Truck One Source from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Finally, Weiss Ratings raised Custom Truck One Source from a “sell (d-)” rating to a “hold (c)” rating in a research note on Tuesday, September 22nd.

Custom Truck One Source Stock Performance

Shares of CTOS opened at $9.24 on Tuesday. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 102.69 and a beta of 1.43. The company’s fifty day moving average is $9.63 and its 200-day moving average is $9.53. The company has a quick ratio of 0.29, a current ratio of 1.34 and a debt-to-equity ratio of 2.03. Custom Truck One Source has a 12 month low of $5.18 and a 12 month high of $12.23.

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

Hedge Funds Weigh In On Custom Truck One Source

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CTOS. Tidal Investments LLC bought a new position in shares of Custom Truck One Source in the second quarter valued at approximately $987,000. Integrated Wealth Concepts LLC bought a new stake in shares of Custom Truck One Source during the 2nd quarter worth $28,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Custom Truck One Source in the 2nd quarter valued at $791,000. Bank of New York Mellon Corp acquired a new position in Custom Truck One Source in the 2nd quarter valued at $1,842,000. Finally, Empowered Funds LLC raised its holdings 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 worth $5,322,000 after acquiring an additional 72,935 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 is a specialty equipment provider serving the utility, telecommunications, rail, infrastructure, vegetation management and related industrial markets. The company sells, rents and services new and used equipment designed for field operations, including aerial devices, bucket trucks, digger derricks, cranes, construction equipment, trailers and rail-based equipment.

In addition to equipment sales and rentals, Custom Truck One Source provides parts, maintenance, repair, refurbishment and other support services.