Custom Truck One Source, Inc. (NYSE:CTOS - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $4.34, but opened at $4.20. Custom Truck One Source shares last traded at $4.25, with a volume of 46,653 shares trading hands.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on CTOS shares. Robert W. Baird downgraded Custom Truck One Source from an "outperform" rating to a "neutral" rating and set a $5.00 target price for the company. in a research note on Monday, April 28th. Oppenheimer boosted their target price on shares of Custom Truck One Source from $5.00 to $6.00 and gave the stock an "outperform" rating in a research report on Thursday, March 6th. Stifel Nicolaus decreased their price objective on shares of Custom Truck One Source from $5.50 to $5.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Finally, Baird R W downgraded Custom Truck One Source from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 28th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $5.25.
Read Our Latest Research Report on CTOS
Custom Truck One Source Trading Up 4.9 %
The company has a quick ratio of 0.19, a current ratio of 1.28 and a debt-to-equity ratio of 1.87. The firm has a market cap of $925.17 million, a P/E ratio of -25.63 and a beta of 0.83. The business's 50 day moving average is $4.23 and its 200-day moving average is $4.64.
Custom Truck One Source (NYSE:CTOS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.01). Custom Truck One Source had a negative net margin of 2.22% and a negative return on equity of 4.57%. The firm had revenue of $422.23 million during the quarter, compared to the consensus estimate of $435.19 million. During the same quarter last year, the firm posted ($0.06) earnings per share. Custom Truck One Source's revenue was up 2.7% compared to the same quarter last year. As a group, analysts forecast that Custom Truck One Source, Inc. will post -0.21 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Custom Truck One Source
Several large investors have recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. grew its position in Custom Truck One Source by 105.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 7,407,782 shares of the company's stock worth $35,632,000 after buying an additional 3,796,138 shares during the last quarter. Canvas Wealth Advisors LLC grew its position in Custom Truck One Source by 8.8% during the first quarter. Canvas Wealth Advisors LLC now owns 4,468,342 shares of the company's stock valued at $17,158,000 after purchasing an additional 359,988 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Custom Truck One Source by 2.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 4,307,058 shares of the company's stock worth $18,090,000 after acquiring an additional 93,090 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Custom Truck One Source by 17.9% during the fourth quarter. Vanguard Group Inc. now owns 3,903,855 shares of the company's stock worth $18,778,000 after acquiring an additional 592,571 shares in the last quarter. Finally, Boston Partners acquired a new stake in Custom Truck One Source during the fourth quarter valued at $18,268,000. Institutional investors own 90.07% of the company's stock.
About Custom Truck One Source
(
Get Free Report)
Custom Truck One Source, Inc provides specialty equipment rental and sale services to the electric utility transmission and distribution, telecommunications, rail, forestry, waste management, and other infrastructure-related industries in the United States and Canada. The company operates through three segments: Equipment Rental Solutions (ERS), Truck and Equipment Sales (TES), and Aftermarket Parts and Services (APS).
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