Cantor Fitzgerald Increases Custom Truck One Source (NYSE:CTOS) Price Target to $14.00

Custom Truck One Source (NYSE:CTOS) had its price objective lifted by investment analysts at Cantor Fitzgerald from $13.00 to $14.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target would suggest a potential upside of 33.04% from the stock’s previous close.

Several other research firms have also weighed in on CTOS. Oppenheimer boosted 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of Custom Truck One Source in a report on Friday, July 17th. Robert W. Baird raised their target price on 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. DA Davidson reaffirmed a “buy” rating and issued a $8.50 price target on shares of Custom Truck One Source in a research note on Tuesday, April 28th. Finally, Capital One Financial set a $13.00 price objective on shares of Custom Truck One Source in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $11.36.

Custom Truck One Source Stock Performance

NYSE CTOS opened at $10.52 on Monday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.29 and a current ratio of 1.34. The stock’s fifty day moving average is $10.65 and its two-hundred day moving average is $8.76. The firm has a market capitalization of $2.39 billion, a P/E ratio of 116.92 and a beta of 1.38. Custom Truck One Source has a fifty-two week low of $5.18 and a fifty-two week high of $12.23.

Custom Truck One Source (NYSE:CTOS) last issued its earnings results on Monday, August 3rd. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The business had revenue of $563.45 million during the quarter, compared to the consensus estimate of $509.76 million. Custom Truck One Source had a return on equity of 2.66% and a net margin of 1.05%.The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period last year, the company earned ($0.13) EPS. On average, research analysts anticipate that Custom Truck One Source will post 0.13 earnings per share for the current year.

Institutional Trading of Custom Truck One Source

Institutional investors and hedge funds have recently bought and sold shares of the business. M&T Bank Corp increased its stake in Custom Truck One Source by 3,477.5% in the fourth quarter. M&T Bank Corp now owns 938,098 shares of the company’s stock valued at $5,403,000 after purchasing an additional 911,876 shares during the last quarter. First Trust Advisors LP grew its position in shares of Custom Truck One Source by 221.9% in the 4th quarter. First Trust Advisors LP now owns 1,222,875 shares of the company’s stock valued at $7,044,000 after buying an additional 842,964 shares during the last quarter. Alyeska Investment Group L.P. grew its position in shares of Custom Truck One Source by 42.9% in the 4th quarter. Alyeska Investment Group L.P. now owns 2,500,229 shares of the company’s stock valued at $14,401,000 after buying an additional 750,000 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Custom Truck One Source by 15.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,602,838 shares of the company’s stock worth $36,806,000 after acquiring an additional 741,857 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Custom Truck One Source by 154.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,056,550 shares of the company’s stock valued at $6,942,000 after acquiring an additional 642,109 shares in the last quarter. 90.07% of the stock is currently owned by hedge funds and other institutional investors.

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.