Analysts Set Custom Truck One Source, Inc. (NYSE:CTOS) PT at $10.14

Shares of Custom Truck One Source, Inc. (NYSE:CTOS) have been given an average recommendation of “Hold” by the seven research firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $10.1429.

Several research firms recently weighed in on CTOS. Stifel Nicolaus upped their price objective on shares of 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. JPMorgan Chase & Co. upped their price objective on shares of Custom Truck One Source from $6.00 to $8.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Custom Truck One Source in a research report on Monday, April 20th. Oppenheimer restated an “outperform” rating and issued a $11.00 price objective on shares of Custom Truck One Source in a research report on Friday, May 1st. Finally, Capital One Financial set a $13.00 price objective on shares of Custom Truck One Source in a research report on Tuesday, May 26th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Empowered Funds LLC grew its position in Custom Truck One Source by 9.9% during the first 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 during the last quarter. Quantinno Capital Management LP grew its position in Custom Truck One Source by 27.0% during the first 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 during the last quarter. Lazard Asset Management LLC bought a new position in Custom Truck One Source during the first quarter valued at approximately $125,000. Entropy Technologies LP bought a new position in Custom Truck One Source during the first quarter valued at approximately $111,000. Finally, Renaissance Technologies LLC bought a new position in Custom Truck One Source during the first quarter valued at approximately $208,000. 90.07% of the stock is currently owned by institutional investors.

Custom Truck One Source Trading Up 0.8%

Shares of CTOS opened at $10.65 on Wednesday. The business’s 50-day moving average price is $9.14 and its 200-day moving average price is $7.39. Custom Truck One Source has a twelve month low of $4.63 and a twelve month high of $11.10. The stock has a market cap of $2.41 billion, a PE ratio of -118.29 and a beta of 1.37. The company has a quick ratio of 0.25, a current ratio of 1.30 and a debt-to-equity ratio of 2.02.

Custom Truck One Source (NYSE:CTOS) last announced its quarterly earnings results 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. Custom Truck One Source had a negative return on equity of 2.18% and a negative net margin of 0.88%.The firm had revenue of $461.62 million for the quarter, compared to analysts’ expectations of $452.67 million. During the same period in the prior year, the business posted ($0.08) earnings per share. The company’s revenue was up 9.3% on a year-over-year basis. On average, equities analysts forecast that Custom Truck One Source will post 0.11 EPS for the current fiscal year.

Custom Truck One Source Company Profile

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.