Custom Truck One Source, Inc. (NYSE:CTOS) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analysts have a “Moderate Buy” consensus on Custom Truck One Source, with four buy ratings, one strong buy, one hold and two sell ratings. The average 12-month price target is $11.36, above the recent $9.79 share price.
• The company exceeded quarterly expectations, reporting $0.05 in EPS versus a $0.01 estimate and $563.45 million in revenue, up 10.2% year over year and above the $509.76 million consensus.
• Institutional investors own approximately 90.07% of CTOS shares, while the stock has a $2.23 billion market capitalization and trades at a high price-to-earnings ratio of 108.78.

Shares of Custom Truck One Source, Inc. (NYSE:CTOS - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight research firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $11.3571.

A number of research analysts recently issued reports on CTOS shares. Cantor Fitzgerald boosted their target price on shares of Custom Truck One Source from $13.00 to $14.00 and gave the company an "overweight" rating in a research report on Monday, August 17th. Oppenheimer lifted their price target 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. Weiss Ratings reiterated a "sell (d-)" rating on shares of Custom Truck One Source in a report on Friday, July 17th. Zacks Research raised shares of Custom Truck One Source from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 5th. Finally, Robert W. Baird raised their target price on Custom Truck One Source from $10.00 to $12.00 and gave the company a "neutral" rating in a research note on Tuesday, August 4th.

Custom Truck One Source Stock Up 0.2%

Shares of NYSE:CTOS opened at $9.79 on Monday. Custom Truck One Source has a 1 year low of $5.18 and a 1 year high of $12.23. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.34 and a quick ratio of 0.29. The business's 50-day moving average is $10.60 and its 200-day moving average is $8.89. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 108.78 and a beta of 1.38.

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 the consensus estimate 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 business had revenue of $563.45 million during the quarter, compared to analysts' expectations of $509.76 million. During the same quarter last year, the firm posted ($0.13) earnings per share. The firm's revenue was up 10.2% on a year-over-year basis. Equities research analysts predict that Custom Truck One Source will post 0.13 earnings per share for the current year.

Institutional Investors Weigh In On Custom Truck One Source

Several hedge funds and other institutional investors have recently modified their holdings of CTOS. M&T Bank Corp boosted its stake in Custom Truck One Source by 3,477.5% during the 4th quarter. M&T Bank Corp now owns 938,098 shares of the company's stock valued at $5,403,000 after purchasing an additional 911,876 shares during the last quarter. Heartland Advisors Inc. raised its stake in shares of Custom Truck One Source by 42.9% in the first quarter. Heartland Advisors Inc. now owns 1,000,000 shares of the company's stock worth $6,570,000 after purchasing an additional 300,000 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Custom Truck One Source by 154.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,056,550 shares of the company's stock valued at $6,942,000 after purchasing an additional 642,109 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Custom Truck One Source by 9.9% during the first quarter. Empowered Funds LLC now owns 810,115 shares of the company's stock valued at $5,322,000 after buying an additional 72,935 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of 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 buying an additional 741,857 shares during the last quarter. Institutional investors own 90.07% of the company's stock.

Custom Truck One Source Company Profile

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.

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