Custom Truck One Source, Inc. (CTOS) - What Are Researchers Thinking About This Stock?

Key Points

• Analysts have a consensus “Hold” rating on Custom Truck One Source, with four buys, three holds and one sell. The average 12-month price target is $12.00, above the reported share price of $9.24.
• CTOS exceeded quarterly expectations, reporting $0.05 EPS versus a $0.01 consensus and revenue of $563.45 million, up 10.2% year over year and above estimates.
• Institutional ownership is high at 90.07%, with several major investors increasing their positions. The stock trades near its 50- and 200-day moving averages and has a market capitalization of approximately $2.10 billion.

Custom Truck One Source, Inc. (NYSE:CTOS - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eight ratings firms that are presently covering the firm, Marketbeat reports. One research 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 1-year price objective among analysts that have issued a report on the stock in the last year is $12.00.

Several equities research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Custom Truck One Source from a "sell (d-)" rating to a "hold (c)" rating in a research note on Tuesday, September 22nd. Oppenheimer lifted 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 research note on Wednesday, August 5th. Cantor Fitzgerald upped their target price on Custom Truck One Source from $13.00 to $14.00 and gave the stock an "overweight" rating in a research report on Monday, August 17th. Robert W. Baird raised 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 research report on Tuesday, August 4th. Finally, Zacks Research lowered Custom Truck One Source from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 5th.

Custom Truck One Source Price Performance

CTOS opened at $9.24 on Tuesday. The company has a 50-day moving average of $9.63 and a 200-day moving average of $9.53. Custom Truck One Source has a 1-year low of $5.18 and a 1-year high of $12.23. The company has a market capitalization of $2.10 billion, a P/E ratio of 102.69 and a beta of 1.43. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.29 and a current ratio of 1.34.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CTOS. Dimensional Fund Advisors LP grew its position in Custom Truck One Source by 15.3% during the first quarter. Dimensional Fund Advisors LP now owns 5,602,838 shares of the company's stock valued at $36,806,000 after purchasing an additional 741,857 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings 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 buying an additional 642,109 shares during the last quarter. Heartland Advisors Inc. grew its stake in shares of Custom Truck One Source by 42.9% in the 1st quarter. Heartland Advisors Inc. now owns 1,000,000 shares of the company's stock valued at $6,570,000 after buying an additional 300,000 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Custom Truck One Source in the 2nd quarter valued at approximately $1,842,000. Finally, Tidal Investments LLC bought a new stake in shares of Custom Truck One Source in the 2nd quarter valued at approximately $987,000. Hedge funds and other institutional investors own 90.07% of the company's stock.

About Custom Truck One Source

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.

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