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

Custom Truck One Source, Inc. (NYSE:CTOS) has been given an average rating of “Hold” by the eight brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $12.00.

A number of research firms have recently issued reports on CTOS. DA Davidson reiterated a “buy” rating and issued a $13.00 price objective on shares of Custom Truck One Source in a report on Tuesday, September 15th. Weiss Ratings upgraded Custom Truck One Source from a “sell (d-)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. Cantor Fitzgerald boosted their price target on Custom Truck One Source from $13.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, August 17th. Zacks Research downgraded Custom Truck One Source from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Oppenheimer increased their target price on shares of Custom Truck One Source from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th.

Custom Truck One Source Price Performance

Shares of CTOS stock opened at $9.10 on Tuesday. The stock has a 50-day moving average price of $9.48 and a 200 day moving average price of $9.63. The company has a quick ratio of 0.29, a current ratio of 1.34 and a debt-to-equity ratio of 2.03. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 101.12 and a beta of 1.43. Custom Truck One Source has a 12 month low of $5.18 and a 12 month high of $12.23.

Custom Truck One Source (NYSE:CTOS) last posted its earnings results on Monday, August 3rd. The company reported $0.05 earnings per share for the quarter, topping 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 business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the business posted ($0.13) earnings per share. Research analysts expect that Custom Truck One Source will post 0.13 EPS for the current year.

Institutional Investors Weigh In On Custom Truck One Source

A number of institutional investors and hedge funds have recently made changes to their positions in the business. R Squared Ltd boosted its stake in Custom Truck One Source by 14.2% during the first quarter. R Squared Ltd now owns 18,894 shares of the company’s stock worth $124,000 after buying an additional 2,349 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Custom Truck One Source in the 2nd quarter valued at approximately $28,000. Quantinno Capital Management LP grew its position in Custom Truck One Source by 27.0% in the first quarter. Quantinno Capital Management LP now owns 19,628 shares of the company’s stock worth $129,000 after acquiring an additional 4,174 shares during the period. State of Alaska Department of Revenue acquired a new stake in Custom Truck One Source during the third quarter worth $94,000. Finally, Entropy Technologies LP purchased a new position in shares of Custom Truck One Source during the 1st quarter worth $111,000. Institutional investors and hedge funds 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, infrastructure, vegetation management and related industrial markets. The company sells, rents and services new and used equipment designed for field operations, including aerial devices, bucket trucks, digger derricks, cranes, construction equipment, trailers and rail-based equipment.

In addition to equipment sales and rentals, Custom Truck One Source provides parts, maintenance, repair, refurbishment and other support services.