Custom Truck One Source (NYSE:CTOS) Upgraded by Zacks Research to “Strong-Buy” Rating

Custom Truck One Source (NYSE:CTOS) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other brokerages also recently weighed in on CTOS. Weiss Ratings reiterated a “sell (d-)” rating on shares of Custom Truck One Source in a research report on Friday, July 17th. Stifel Nicolaus boosted their price objective 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. Robert W. Baird boosted 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 report on Tuesday. JPMorgan Chase & Co. upped their target price on shares of Custom Truck One Source from $6.00 to $8.00 and gave the company an “underweight” rating in a research note on Wednesday, April 29th. Finally, Cantor Fitzgerald increased their target price on shares of Custom Truck One Source from $11.00 to $13.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Custom Truck One Source currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.21.

Custom Truck One Source Trading Down 0.3%

NYSE CTOS opened at $10.99 on Wednesday. Custom Truck One Source has a 12 month low of $5.18 and a 12 month high of $12.23. The stock has a 50-day simple moving average of $10.55 and a 200 day simple moving average of $8.58. The company has a current ratio of 1.34, a quick ratio of 0.25 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $2.49 billion, a PE ratio of 122.13 and a beta of 1.38.

Custom Truck One Source (NYSE:CTOS) last issued its earnings results on Monday, August 3rd. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The firm had revenue of $563.45 million for the quarter, compared to analysts’ expectations 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 quarter last year, the business earned ($0.13) earnings per share. Research analysts forecast that Custom Truck One Source will post 0.11 EPS for the current year.

Institutional Investors Weigh In On Custom Truck One Source

A number of hedge funds have recently modified their holdings of the business. Parallel Advisors LLC acquired a new position in shares of Custom Truck One Source in the 4th quarter valued at approximately $28,000. BNP Paribas Financial Markets raised its holdings in Custom Truck One Source by 92.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,859 shares of the company’s stock worth $29,000 after buying an additional 2,809 shares during the period. Quantbot Technologies LP acquired a new stake in Custom Truck One Source during the 2nd quarter worth approximately $35,000. Oak Thistle LLC bought a new position in Custom Truck One Source in the fourth quarter valued at approximately $58,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Custom Truck One Source in the fourth quarter valued at approximately $67,000. Institutional investors and hedge funds own 90.07% of the company’s stock.

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.