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

Key Points

• Analyst sentiment is mixed: Eight brokerages rate Custom Truck One Source “Hold” on average, with four buys, three holds, and one sell. The consensus 12-month price target is $12.00.
• Quarterly results were mixed: CTOS reported EPS of $0.01, matching estimates, while revenue of $495.22 million missed the $516.51 million forecast. Revenue nevertheless increased 2.7% year over year.
• The stock opened at $9.32, within its 52-week range of $5.18 to $12.23; institutional investors own about 90.1% of shares.

Shares of Custom Truck One Source, Inc. (NYSE:CTOS - Get Free Report) have earned a consensus recommendation of "Hold" from the eight ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $12.00.

CTOS has been the subject of several research analyst reports. Oppenheimer boosted their price objective on shares of Custom Truck One Source from $11.00 to $13.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 5th. Robert W. Baird boosted their price target on Custom Truck One Source from $10.00 to $12.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 4th. DA Davidson restated a "buy" rating and issued a $13.00 price target on shares of Custom Truck One Source in a research report on Tuesday, October 27th. Weiss Ratings lowered Custom Truck One Source from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, October 27th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $14.00 price target on shares of Custom Truck One Source in a report on Tuesday, October 27th.

Custom Truck One Source Price Performance

Custom Truck One Source stock opened at $9.32 on Friday. The company has a quick ratio of 0.25, a current ratio of 1.28 and a debt-to-equity ratio of 2.01. The firm's fifty day moving average is $9.44 and its 200 day moving average is $8.93. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 71.73 and a beta of 1.46. Custom Truck One Source has a 52-week low of $5.18 and a 52-week high of $12.23.

Custom Truck One Source (NYSE:CTOS - Get Free Report) last issued its quarterly earnings results on Monday, October 26th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting 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 firm had revenue of $495.22 million for the quarter, compared to analyst estimates of $516.51 million. During the same period in the previous year, the company posted ($0.03) earnings per share. The business's revenue was up 2.7% on a year-over-year basis. Sell-side analysts forecast that Custom Truck One Source will post 0.13 EPS for the current fiscal year.

Institutional Trading of Custom Truck One Source

Several large investors have recently made changes to their positions in CTOS. Integrated Wealth Concepts LLC acquired a new stake in shares of Custom Truck One Source during the second quarter worth $28,000. State of Alaska Department of Revenue bought a new position in Custom Truck One Source in the third quarter valued at $94,000. Entropy Technologies LP purchased a new position in Custom Truck One Source during the 1st quarter valued at about $111,000. R Squared Ltd lifted its stake in shares of Custom Truck One Source by 14.2% in 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 in the last quarter. Finally, Lazard Asset Management LLC purchased a new position in Custom Truck One Source during the first quarter valued at $125,000. 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.

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