Custom Truck One Source (NYSE:CTOS) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

Custom Truck One Source (NYSE:CTOS) had its price target hoisted by Cantor Fitzgerald from $13.00 to $14.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective points to a potential upside of 33.04% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Zacks Research upgraded shares of Custom Truck One Source from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Robert W. Baird lifted their price objective on shares of 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. Stifel Nicolaus upped their target price on shares of Custom Truck One Source from $8.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Capital One Financial set a $13.00 target price on shares of Custom Truck One Source in a research note on Tuesday, May 26th. Finally, JPMorgan Chase & Co. raised their price target on Custom Truck One Source from $6.00 to $8.00 and gave the stock an “underweight” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $11.36.

Custom Truck One Source Price Performance

Shares of NYSE CTOS opened at $10.52 on Monday. The company has a current ratio of 1.34, a quick ratio of 0.29 and a debt-to-equity ratio of 2.03. Custom Truck One Source has a twelve month low of $5.18 and a twelve month high of $12.23. The stock has a 50 day moving average of $10.65 and a two-hundred day moving average of $8.76. The stock has a market cap of $2.39 billion, a P/E ratio of 116.92 and a beta of 1.38.

Custom Truck One Source (NYSE:CTOS) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.04. The business had revenue of $563.45 million during the quarter, compared to the consensus estimate of $509.76 million. Custom Truck One Source had a return on equity of 2.66% and a net margin of 1.05%.The company’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.13) earnings per share. On average, research analysts forecast that Custom Truck One Source will post 0.13 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CTOS. Cubist Systematic Strategies LLC acquired a new stake in Custom Truck One Source in the first quarter valued at $71,000. AQR Capital Management LLC acquired a new stake in shares of Custom Truck One Source in the first quarter valued at about $63,000. Goldman Sachs Group Inc. boosted its holdings in 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 worth $2,235,000 after buying an additional 365,862 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Custom Truck One Source by 9.5% in 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 in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Custom Truck One Source by 16.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 29,422 shares of the company’s stock worth $145,000 after acquiring an additional 4,058 shares in the last quarter. Hedge funds and other 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.