Custom Truck One Source (NYSE:CTOS) Price Target Raised to $13.00 at Cantor Fitzgerald

Custom Truck One Source (NYSE:CTOS) had its price objective lifted by equities research analysts at Cantor Fitzgerald from $11.00 to $13.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price would indicate a potential upside of 40.92% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. lifted their price target on shares of Custom Truck One Source from $6.00 to $8.00 and gave the company an “underweight” rating in a research report on Wednesday, April 29th. DA Davidson reissued a “buy” rating and set a $8.50 price target on shares of Custom Truck One Source in a research report on Tuesday, April 28th. Stifel Nicolaus lifted their price target on shares of Custom Truck One Source from $8.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Custom Truck One Source in a research report on Monday, April 20th. Finally, Oppenheimer reissued an “outperform” rating and set a $11.00 price target on shares of Custom Truck One Source in a research report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Custom Truck One Source presently has an average rating of “Hold” and a consensus target price of $9.67.

Custom Truck One Source Price Performance

Shares of CTOS stock opened at $9.23 on Tuesday. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of -102.50 and a beta of 1.40. The business’s fifty day moving average is $7.95 and its 200 day moving average is $6.90. Custom Truck One Source has a twelve month low of $4.19 and a twelve month high of $10.22. 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 issued its quarterly earnings results on Monday, April 27th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. Custom Truck One Source had a negative net margin of 0.88% and a negative return on equity of 2.18%. The company had revenue of $461.62 million during the quarter, compared to analysts’ expectations of $452.67 million. During the same period last year, the company posted ($0.08) EPS. Custom Truck One Source’s revenue was up 9.3% on a year-over-year basis. Research analysts expect that Custom Truck One Source will post 0.11 EPS for the current fiscal year.

Institutional Trading of Custom Truck One Source

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Canvas Wealth Advisors LLC increased its stake in Custom Truck One Source by 48.5% during the 4th quarter. Canvas Wealth Advisors LLC now owns 7,050,221 shares of the company’s stock valued at $40,609,000 after purchasing an additional 2,303,504 shares in the last quarter. Dimensional Fund Advisors LP increased 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 valued at $36,806,000 after purchasing an additional 741,857 shares in the last quarter. Boston Partners increased its stake in Custom Truck One Source by 0.8% during the 3rd quarter. Boston Partners now owns 5,475,307 shares of the company’s stock valued at $35,150,000 after purchasing an additional 42,232 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Custom Truck One Source by 2.2% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,310,114 shares of the company’s stock valued at $34,090,000 after purchasing an additional 112,519 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Custom Truck One Source by 4.3% during the 3rd quarter. Vanguard Group Inc. now owns 3,276,088 shares of the company’s stock valued at $21,032,000 after purchasing an additional 135,192 shares in the last quarter. 90.07% of the stock is currently owned by 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.