Custom Truck One Source, Inc. (NYSE:CTOS) Given Consensus Rating of “Moderate Buy” by Brokerages

Custom Truck One Source, Inc. (NYSE:CTOS) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $11.3571.

Several brokerages have issued reports on CTOS. Zacks Research upgraded Custom Truck One Source from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Oppenheimer increased their target price on Custom Truck One Source from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Robert W. Baird lifted their price target on shares of Custom Truck One Source from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Capital One Financial set a $13.00 price target on shares of Custom Truck One Source in a research note on Tuesday, May 26th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Custom Truck One Source in a report on Friday, July 17th.

Custom Truck One Source Price Performance

Shares of NYSE CTOS opened at $9.22 on Monday. The firm’s 50-day moving average price is $10.47 and its 200-day moving average price is $8.99. Custom Truck One Source has a 1-year low of $5.18 and a 1-year high of $12.23. The firm has a market capitalization of $2.10 billion, a P/E ratio of 102.44 and a beta of 1.38. The company has a current ratio of 1.34, a quick ratio of 0.29 and a debt-to-equity ratio of 2.03.

Custom Truck One Source (NYSE:CTOS) last released its quarterly earnings data 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. Custom Truck One Source had a net margin of 1.05% and a return on equity of 2.66%. The company had revenue of $563.45 million for the quarter, compared to analysts’ expectations of $509.76 million. During the same quarter in the prior year, the firm earned ($0.13) EPS. The business’s revenue was up 10.2% on a year-over-year basis. Equities research analysts anticipate that Custom Truck One Source will post 0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Custom Truck One Source

Hedge funds and other institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC bought a new position in Custom Truck One Source in the 4th quarter valued at about $28,000. BNP Paribas Financial Markets boosted its stake in Custom Truck One Source by 92.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,859 shares of the company’s stock valued at $29,000 after purchasing an additional 2,809 shares during the last quarter. Quantbot Technologies LP bought a new stake in Custom Truck One Source during the 2nd quarter worth approximately $35,000. Dynamic Technology Lab Private Ltd bought a new stake in Custom Truck One Source during the 4th quarter worth approximately $67,000. Finally, Jane Street Group LLC bought a new stake in Custom Truck One Source during the 2nd quarter worth approximately $58,000. 90.07% of the stock is owned by institutional investors.

About Custom Truck One Source

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.