Custom Truck One Source, Inc. (NYSE:CTOS) Receives $10.14 Consensus PT from Analysts

Custom Truck One Source, Inc. (NYSE:CTOS) has been assigned an average rating of “Hold” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $11.2143.

Several equities analysts have recently issued reports on the company. Weiss Ratings reissued 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 report on Tuesday. JPMorgan Chase & Co. raised their target price on Custom Truck One Source from $6.00 to $8.00 and gave the stock an “underweight” rating in a report on Wednesday, April 29th. DA Davidson reiterated 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. Finally, Stifel Nicolaus boosted their price target on Custom Truck One Source from $8.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, April 29th.

Hedge Funds Weigh In On Custom Truck One Source

Institutional investors have recently made changes to their positions in the company. M&T Bank Corp increased its holdings 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 buying an additional 911,876 shares in the last quarter. Heartland Advisors Inc. boosted its stake in shares of Custom Truck One Source by 42.9% during the 1st quarter. Heartland Advisors Inc. now owns 1,000,000 shares of the company’s stock worth $6,570,000 after acquiring an additional 300,000 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Custom Truck One Source by 9.9% during the 1st 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. Arrowstreet Capital Limited Partnership grew its position in shares of Custom Truck One Source by 154.9% during the 1st 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 during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of 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 acquiring an additional 741,857 shares during the period. 90.07% of the stock is owned by hedge funds and other institutional investors.

Custom Truck One Source Trading Down 0.0%

Shares of Custom Truck One Source stock opened at $11.02 on Thursday. The stock has a market cap of $2.50 billion, a PE ratio of 122.40 and a beta of 1.38. The firm has a fifty day moving average price of $10.53 and a 200 day moving average price of $8.55. Custom Truck One Source has a 1 year low of $5.18 and a 1 year high of $12.23. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.34 and a quick ratio of 0.25.

Custom Truck One Source (NYSE:CTOS) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.01 by $0.04. The company had revenue of $563.45 million for the quarter, compared to analyst estimates of $509.76 million. Custom Truck One Source had a net margin of 1.05% and a return on equity of 2.66%. The firm’s revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the company earned ($0.13) earnings per share. Equities research analysts predict that Custom Truck One Source will post 0.11 earnings per share for the current 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.