Custom Truck One Source, Inc. (NYSE:CTOS) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Custom Truck One Source, Inc. (NYSE:CTOS) have received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $10.1429.

Several equities research analysts recently weighed in on CTOS shares. Weiss Ratings restated a “sell (d-)” rating on shares of Custom Truck One Source in a research report on Monday, April 20th. Oppenheimer restated an “outperform” rating and issued a $11.00 price target on shares of Custom Truck One Source in a research report on Friday, May 1st. Cantor Fitzgerald boosted their price target on shares of Custom Truck One Source from $11.00 to $13.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. boosted their price target on shares of Custom Truck One Source from $6.00 to $8.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 29th. Finally, DA Davidson restated a “buy” rating and issued a $8.50 price target on shares of Custom Truck One Source in a research report on Tuesday, April 28th.

Custom Truck One Source Price Performance

Shares of NYSE:CTOS opened at $10.51 on Wednesday. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.30 and a quick ratio of 0.25. Custom Truck One Source has a 1-year low of $4.60 and a 1-year high of $10.61. The company has a market capitalization of $2.38 billion, a P/E ratio of -116.77 and a beta of 1.37. The firm’s 50 day simple moving average is $8.73 and its two-hundred day simple moving average is $7.22.

Custom Truck One Source (NYSE:CTOS) last released its earnings results on Monday, April 27th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.03. The firm had revenue of $461.62 million during the quarter, compared to analysts’ expectations of $452.67 million. Custom Truck One Source had a negative return on equity of 2.18% and a negative net margin of 0.88%.The firm’s revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.08) earnings per share. Research analysts expect that Custom Truck One Source will post 0.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CTOS. Parallel Advisors LLC purchased a new stake in shares of Custom Truck One Source during the fourth quarter valued at $28,000. BNP Paribas Financial Markets boosted its stake in shares of Custom Truck One Source by 92.1% during the second 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 period. Quantbot Technologies LP purchased a new stake in shares of Custom Truck One Source during the second quarter valued at $35,000. Oak Thistle LLC purchased a new stake in shares of Custom Truck One Source during the fourth quarter valued at $58,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Custom Truck One Source during the fourth quarter valued at $67,000. Institutional investors own 90.07% of the company’s stock.

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.