Custom Truck One Source, Inc. (NYSE:CTOS) Given Consensus Rating of “Hold” by Brokerages

Custom Truck One Source, Inc. (NYSE:CTOS) has earned an average rating of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $7.40.

Several research analysts recently commented on the stock. DA Davidson reaffirmed a “buy” rating and issued a $8.50 price target on shares of Custom Truck One Source in a research note on Wednesday, March 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Custom Truck One Source in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Custom Truck One Source from $6.50 to $6.00 and set an “underweight” rating for the company in a research report on Wednesday, March 11th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new stake in Custom Truck One Source during the 1st quarter valued at $71,000. AQR Capital Management LLC bought a new position in shares of Custom Truck One Source during the 1st quarter worth $63,000. Goldman Sachs Group Inc. increased its stake in shares of Custom Truck One Source by 223.5% during the first quarter. Goldman Sachs Group Inc. now owns 529,589 shares of the company’s stock valued at $2,235,000 after buying an additional 365,862 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Custom Truck One Source by 9.5% during the second quarter. Envestnet Asset Management Inc. now owns 31,855 shares of the company’s stock valued at $157,000 after buying an additional 2,773 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Custom Truck One Source by 12.7% in the second quarter. Geode Capital Management LLC now owns 1,346,479 shares of the company’s stock valued at $6,653,000 after acquiring an additional 152,173 shares in the last quarter. Institutional investors own 90.07% of the company’s stock.

Custom Truck One Source Stock Performance

Shares of Custom Truck One Source stock opened at $6.57 on Friday. The stock’s fifty day moving average is $6.67 and its two-hundred day moving average is $6.28. The company has a market capitalization of $1.49 billion, a PE ratio of -43.77 and a beta of 1.14. The company has a quick ratio of 0.26, a current ratio of 1.33 and a debt-to-equity ratio of 2.00. Custom Truck One Source has a 52 week low of $3.18 and a 52 week high of $7.75.

Custom Truck One Source (NYSE:CTOS) last released its earnings results on Tuesday, March 10th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $528.18 million for the quarter, compared to analyst estimates of $584.76 million. Custom Truck One Source had a negative return on equity of 3.88% and a negative net margin of 1.60%.The business’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.12 earnings per share. As a group, analysts expect that Custom Truck One Source will post -0.21 earnings per share for the current year.

About Custom Truck One Source

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.