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

Shares of Custom Truck One Source, Inc. (NYSE:CTOS) have received a consensus rating of “Hold” from the eight research firms that are currently covering the firm, MarketBeat.com reports. One equities 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 updated their coverage on the stock in the last year is $12.00.

CTOS has been the topic of several research analyst reports. Zacks Research cut shares of Custom Truck One Source from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Cantor Fitzgerald restated an “overweight” rating and set a $14.00 price objective on shares of Custom Truck One Source in a research report on Tuesday, October 27th. Weiss Ratings cut Custom Truck One Source from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, October 27th. Oppenheimer boosted their target price 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. Finally, DA Davidson reissued a “buy” rating and set a $13.00 price target on shares of Custom Truck One Source in a research note on Tuesday, October 27th.

Custom Truck One Source Stock Up 2.8%

NYSE CTOS opened at $10.36 on Friday. Custom Truck One Source has a 12 month low of $5.18 and a 12 month high of $12.23. The company has a current ratio of 1.28, a quick ratio of 0.25 and a debt-to-equity ratio of 2.01. The stock has a market cap of $2.35 billion, a PE ratio of 79.68 and a beta of 1.46. The stock’s 50 day moving average is $9.50 and its 200 day moving average is $8.98.

Custom Truck One Source (NYSE:CTOS) last released its earnings results on Monday, October 26th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Custom Truck One Source had a net margin of 1.44% and a return on equity of 3.63%. The firm had revenue of $495.22 million for the quarter, compared to the consensus estimate of $516.51 million. During the same quarter in the previous year, the firm earned ($0.03) earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Research analysts predict that Custom Truck One Source will post 0.13 EPS for the current fiscal year.

Institutional Trading of Custom Truck One Source

Several hedge funds have recently modified their holdings of CTOS. Canvas Wealth Advisors LLC boosted its position in shares of Custom Truck One Source by 0.5% during the 3rd quarter. Canvas Wealth Advisors LLC now owns 6,010,311 shares of the company’s stock valued at $54,754,000 after acquiring an additional 27,662 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Custom Truck One Source by 15.3% in the first quarter. Dimensional Fund Advisors LP now owns 5,602,838 shares of the company’s stock worth $36,806,000 after purchasing an additional 741,857 shares during the last quarter. Boston Partners increased its position in Custom Truck One Source by 17.1% in the third quarter. Boston Partners now owns 1,903,418 shares of the company’s stock worth $17,347,000 after purchasing an additional 278,326 shares during the last quarter. First Trust Advisors LP raised its stake in Custom Truck One Source by 6.4% during the first quarter. First Trust Advisors LP now owns 1,301,351 shares of the company’s stock valued at $8,550,000 after purchasing an additional 78,476 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Custom Truck One Source by 154.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,056,550 shares of the company’s stock valued at $6,942,000 after purchasing an additional 642,109 shares in 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. provides specialized trucks and equipment, along with rental, sales, parts and service for customers in utility, telecommunications, rail, forestry and other infrastructure-related industries. The company serves customers across North America. Its offerings include aerial lifts, bucket trucks, digger derricks, cranes, forestry equipment and rail equipment. Customers can rent or buy new and used equipment, and the company also provides maintenance, repair, refurbishment and equipment customization services.