Custom Truck One Source (NYSE:CTOS) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Custom Truck One Source (NYSE:CTOS) from a hold rating to a sell rating in a report published on Monday morning, Zacks.com reports.

According to Zacks, “Custom Truck One Source Inc. is a provider of specialized truck and heavy equipment solutions to the utility, telecommunications, rail and infrastructure markets principally in North America. The Company’s solutions include rentals, sales, aftermarket parts, tools, accessories and service, equipment production, manufacturing, financing solutions and asset disposal. Custom Truck One Source Inc., formerly known as Nesco Holdings Inc., is based in KANSAS CITY, Mo. “

Separately, Oppenheimer started coverage on Custom Truck One Source in a research report on Tuesday, April 6th. They set an outperform rating and a $11.00 price objective on the stock.

Shares of NYSE:CTOS opened at $9.40 on Monday. Custom Truck One Source has a 1-year low of $2.90 and a 1-year high of $10.96. The firm’s fifty day moving average is $10.00. The company has a market capitalization of $2.31 billion, a P/E ratio of -13.82 and a beta of 0.30.

Custom Truck One Source (NYSE:CTOS) last issued its quarterly earnings results on Monday, March 8th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.07. The company had revenue of $83.26 million for the quarter. Sell-side analysts anticipate that Custom Truck One Source will post -0.17 earnings per share for the current fiscal year.

About Custom Truck One Source

Custom Truck One Source, Inc provides specialty equipment, parts, tools, accessories, and services to the electric utility transmission and distribution, telecommunications, and rail industries in North America. It operates through two segments: Equipment Rental and Sales; and Parts, Tools and Accessories.

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