Custom Truck One Source, Inc. (NYSE:CTOS) Receives Average Rating of “Hold” from Brokerages

Custom Truck One Source, Inc. (NYSE:CTOS) has received a consensus recommendation of “Hold” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $8.00.

A number of analysts have weighed in on CTOS shares. Cantor Fitzgerald started coverage on shares of Custom Truck One Source in a research note on Tuesday. They set an “overweight” rating and a $11.00 price objective for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Custom Truck One Source in a research note on Wednesday, January 21st. DA Davidson restated a “buy” rating and set a $8.50 price objective on shares of Custom Truck One Source in a research note on Wednesday, March 11th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Custom Truck One Source from $6.50 to $6.00 and set an “underweight” rating for the company in a research note on Wednesday, March 11th.

Institutional Trading of Custom Truck One Source

A number of large investors have recently made changes to their positions in CTOS. Cubist Systematic Strategies LLC bought a new stake in shares of Custom Truck One Source in the first quarter worth approximately $71,000. AQR Capital Management LLC bought a new stake in shares of Custom Truck One Source in the first quarter worth approximately $63,000. Goldman Sachs Group Inc. grew its stake in shares of Custom Truck One Source by 223.5% in the first quarter. Goldman Sachs Group Inc. now owns 529,589 shares of the company’s stock worth $2,235,000 after acquiring an additional 365,862 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Custom Truck One Source by 9.5% in the second quarter. Envestnet Asset Management Inc. now owns 31,855 shares of the company’s stock worth $157,000 after acquiring an additional 2,773 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Custom Truck One Source by 16.0% in the second quarter. JPMorgan Chase & Co. now owns 29,422 shares of the company’s stock worth $145,000 after acquiring an additional 4,058 shares during the period. 90.07% of the stock is currently owned by institutional investors.

Custom Truck One Source Stock Up 3.7%

NYSE:CTOS opened at $7.90 on Tuesday. The firm has a market cap of $1.79 billion, a P/E ratio of -52.63 and a beta of 1.12. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.26 and a current ratio of 1.33. Custom Truck One Source has a fifty-two week low of $3.51 and a fifty-two week high of $7.97. The firm has a 50-day simple moving average of $6.84 and a two-hundred day simple moving average of $6.40.

Custom Truck One Source (NYSE:CTOS) last released its quarterly earnings data on Tuesday, March 10th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $528.18 million during the quarter, compared to analyst estimates of $584.76 million. Custom Truck One Source had a negative net margin of 1.60% and a negative return on equity of 3.88%. Custom Truck One Source’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the business earned $0.12 EPS. Analysts predict that Custom Truck One Source will post 0.03 earnings per share 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.