Custom Truck One Source (NYSE:CTOS) Price Target Raised to $14.00

Custom Truck One Source (NYSE:CTOS) had its target price lifted by Cantor Fitzgerald from $13.00 to $14.00 in a research note published on Monday morning, MarketBeat.com reports. Cantor Fitzgerald currently has an overweight rating on the stock.

A number of other research firms also recently issued reports on CTOS. Robert W. Baird lifted their price objective on shares of Custom Truck One Source from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Zacks Research upgraded shares of Custom Truck One Source from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Custom Truck One Source in a research report on Friday, July 17th. 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 Tuesday, April 28th. Finally, Oppenheimer increased their price objective on shares of Custom Truck One Source from $11.00 to $13.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Custom Truck One Source presently has an average rating of “Moderate Buy” and a consensus price target of $11.36.

Custom Truck One Source Stock Down 1.7%

Shares of NYSE CTOS opened at $9.78 on Monday. The firm has a market capitalization of $2.23 billion, a PE ratio of 108.70 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 has a 1 year low of $5.18 and a 1 year high of $12.23. The firm’s 50-day moving average is $10.64 and its 200-day moving average is $8.84.

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

Institutional Trading of Custom Truck One Source

Several institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC bought a new position in Custom Truck One Source during the 4th quarter worth $28,000. BNP Paribas Financial Markets lifted its position in shares of 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 acquiring an additional 2,809 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Custom Truck One Source during the 2nd quarter worth $35,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Custom Truck One Source during the 4th quarter worth $67,000. Finally, Jane Street Group LLC acquired a new stake in shares of Custom Truck One Source during the 2nd quarter worth $58,000. 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.