Custom Truck One Source, Inc. (NYSE:CTOS) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Custom Truck One Source, Inc. (NYSE:CTOS) has earned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $12.00.

CTOS has been the topic of a number of analyst reports. Cantor Fitzgerald lifted their price objective on shares of Custom Truck One Source from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Monday, August 17th. DA Davidson restated a “buy” rating and set a $13.00 price objective on shares of Custom Truck One Source in a research report on Tuesday, September 15th. Robert W. Baird raised 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 note on Tuesday, August 4th. Oppenheimer lifted their target price on shares of Custom Truck One Source from $11.00 to $13.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Finally, Zacks Research upgraded shares of Custom Truck One Source from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th.

Institutional Investors Weigh In On Custom Truck One Source

Institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC purchased a new position in shares of Custom Truck One Source during the 2nd quarter worth approximately $987,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Custom Truck One Source in the second quarter valued at approximately $28,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Custom Truck One Source during the second quarter worth $791,000. Bank of New York Mellon Corp acquired a new position in Custom Truck One Source during the second quarter worth $1,842,000. Finally, Empowered Funds LLC raised its position in Custom Truck One Source by 9.9% in the first 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 in the last quarter. Hedge funds and other institutional investors own 90.07% of the company’s stock.

Custom Truck One Source Stock Down 3.0%

Custom Truck One Source stock opened at $9.22 on Friday. Custom Truck One Source has a twelve month low of $5.18 and a twelve month high of $12.23. The stock has a 50 day moving average of $9.86 and a two-hundred day moving average of $9.25. The company has a current ratio of 1.34, a quick ratio of 0.29 and a debt-to-equity ratio of 2.03. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 102.49 and a beta of 1.35.

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 the consensus estimate of $0.01 by $0.04. Custom Truck One Source had a return on equity of 2.66% and a net margin of 1.05%.The company had revenue of $563.45 million for the quarter, compared to the consensus estimate of $509.76 million. During the same period last year, the business posted ($0.13) EPS. The company’s revenue was up 10.2% on a year-over-year basis. As a group, research analysts expect that Custom Truck One Source will post 0.13 earnings per share for the current year.

About Custom Truck One Source

Custom Truck One Source, Inc is a specialty equipment provider serving the utility, telecommunications, rail, infrastructure, construction and forestry industries. The company offers equipment for sale, rental and lease, along with parts, maintenance, repair, transportation and other support services intended to help customers acquire and operate specialized fleet assets.

Its product portfolio includes new and used truck-mounted equipment, utility vehicles, cranes, aerial devices, digger derricks, rail equipment, trailers and other specialty vehicles.