Custom Truck One Source, Inc. (NYSE:CTOS) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts rate CTOS “Moderate Buy”, with four buy ratings, one strong buy, one hold and two sell ratings. The average 12-month price target is $12.00, above the reported $9.11 share price.
• Custom Truck One Source exceeded quarterly expectations, reporting $0.05 EPS versus $0.01 expected and $563.45 million in revenue, up 10.2% year over year.
• Institutional investors own approximately 90.07% of the stock, while shares have traded between $5.18 and $12.23 over the past year.

Shares of Custom Truck One Source, Inc. (NYSE:CTOS - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eight research firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $12.00.

CTOS has been the subject of several analyst reports. Cantor Fitzgerald raised their price target on Custom Truck One Source from $13.00 to $14.00 and gave the company an "overweight" rating in a report on Monday, August 17th. Capital One Financial set a $13.00 price objective on shares of Custom Truck One Source in a research report on Tuesday, May 26th. Weiss Ratings restated a "sell (d-)" rating on shares of Custom Truck One Source in a research note on Friday, July 17th. Robert W. Baird lifted their target price 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. Finally, DA Davidson reiterated a "buy" rating and issued a $13.00 target price on shares of Custom Truck One Source in a research note on Tuesday.

Hedge Funds Weigh In On Custom Truck One Source

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. R Squared Ltd raised its position in shares of Custom Truck One Source by 14.2% during the 1st quarter. R Squared Ltd now owns 18,894 shares of the company's stock valued at $124,000 after buying an additional 2,349 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in Custom Truck One Source in the second quarter worth about $28,000. Quantinno Capital Management LP grew its position in Custom Truck One Source by 27.0% in the 1st quarter. Quantinno Capital Management LP now owns 19,628 shares of the company's stock valued at $129,000 after acquiring an additional 4,174 shares during the last quarter. Entropy Technologies LP bought a new stake in Custom Truck One Source during the 1st quarter valued at about $111,000. Finally, Lazard Asset Management LLC bought a new position in Custom Truck One Source in the first quarter worth approximately $125,000. 90.07% of the stock is owned by institutional investors.

Custom Truck One Source Trading Up 0.6%

NYSE CTOS opened at $9.11 on Friday. The stock has a 50 day simple moving average of $9.97 and a two-hundred day simple moving average of $9.16. Custom Truck One Source has a fifty-two week low of $5.18 and a fifty-two week high of $12.23. The stock has a market cap of $2.07 billion, a P/E ratio of 101.17 and a beta of 1.35. 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 posted its earnings results on Monday, August 3rd. The company reported $0.05 earnings per share 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 firm had revenue of $563.45 million for the quarter, compared to the consensus estimate of $509.76 million. During the same quarter in the prior year, the business earned ($0.13) EPS. The business's revenue for the quarter was up 10.2% on a year-over-year basis. On average, analysts forecast that Custom Truck One Source will post 0.13 earnings per share for the current year.

About Custom Truck One Source

Custom Truck One Source, Inc is a specialty equipment provider serving the utility, telecommunications, rail, infrastructure, construction and forestry industries. The company offers equipment for sale, rental and lease, along with parts, maintenance, repair, transportation and other support services intended to help customers acquire and operate specialized fleet assets.

Its product portfolio includes new and used truck-mounted equipment, utility vehicles, cranes, aerial devices, digger derricks, rail equipment, trailers and other specialty vehicles.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.