Custom Truck One Source, Inc. (NYSE:CTOS) Stock Has Average Target Price of $12.00

Shares of Custom Truck One Source, Inc. (NYSE:CTOS) have earned an average recommendation of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $12.00.

Several equities analysts recently issued reports on the company. Cantor Fitzgerald restated an “overweight” rating and set a $14.00 price objective on shares of Custom Truck One Source in a research note on Tuesday, October 27th. DA Davidson restated a “buy” rating and issued a $13.00 price objective on shares of Custom Truck One Source in a research report on Tuesday, October 27th. Robert W. Baird raised their price objective on shares of Custom Truck One Source from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Oppenheimer upped their price objective 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. Finally, Zacks Research cut Custom Truck One Source from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th.

Custom Truck One Source Trading Up 0.3%

Shares of Custom Truck One Source stock opened at $9.32 on Friday. Custom Truck One Source has a 1-year low of $5.18 and a 1-year high of $12.23. The company’s fifty day simple moving average is $9.44 and its 200-day simple moving average is $8.93. The stock has a market capitalization of $2.12 billion, a PE ratio of 71.73 and a beta of 1.46. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.28 and a quick ratio of 0.25.

Custom Truck One Source (NYSE:CTOS) last announced its quarterly earnings data on Monday, October 26th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. Custom Truck One Source had a return on equity of 3.63% and a net margin of 1.44%. The business had revenue of $495.22 million for the quarter, compared to analyst estimates of $516.51 million. During the same period in the prior year, the company earned ($0.03) earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. As a group, equities 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

A number of hedge funds and other institutional investors have recently bought and sold shares of CTOS. Russell Investments Group Ltd. lifted its holdings in Custom Truck One Source by 42.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 751,941 shares of the company’s stock valued at $6,850,000 after purchasing an additional 222,249 shares in the last quarter. Canvas Wealth Advisors LLC lifted its stake in shares of Custom Truck One Source by 0.5% in the 3rd quarter. Canvas Wealth Advisors LLC now owns 6,010,311 shares of the company’s stock worth $54,754,000 after acquiring an additional 27,662 shares during the period. State of Wyoming grew its position in Custom Truck One Source by 190.1% in the third quarter. State of Wyoming now owns 42,211 shares of the company’s stock worth $385,000 after acquiring an additional 27,663 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Custom Truck One Source in the 3rd quarter worth about $94,000. Finally, Tidal Investments LLC bought a new position in shares of Custom Truck One Source during the 2nd quarter valued at about $987,000. Hedge funds and other institutional investors own 90.07% of the company’s stock.

Custom Truck One Source Company Profile

Custom Truck One Source, Inc is a specialty equipment provider serving the utility, telecommunications, rail, and related infrastructure industries. The company sells, rents, leases, and services new and used trucks and equipment, including aerial devices, cranes, digger derricks, bucket trucks, service trucks, trailers, and other specialized vehicles.

Through its parts and service operations, Custom Truck One Source provides replacement parts, maintenance, repair, refurbishment, and field support for specialty equipment.