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

Custom Truck One Source, Inc. (NYSE:CTOS) has earned a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $8.00.

CTOS has been the topic of a number of research reports. Robert W. Baird dropped their target price on shares of Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. JPMorgan Chase & Co. decreased their price target on shares of Custom Truck One Source from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Canvas Wealth Advisors LLC raised its position in Custom Truck One Source by 4.8% in the fourth quarter. Canvas Wealth Advisors LLC now owns 3,413,242 shares of the company’s stock worth $21,299,000 after purchasing an additional 156,010 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Custom Truck One Source by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 3,251,103 shares of the company’s stock worth $20,157,000 after buying an additional 52,437 shares in the last quarter. Register Financial Advisors LLC lifted its position in shares of Custom Truck One Source by 602.0% during the 4th quarter. Register Financial Advisors LLC now owns 35,100 shares of the company’s stock worth $217,000 after buying an additional 30,100 shares during the period. SG Americas Securities LLC boosted its stake in Custom Truck One Source by 330.2% in the 4th quarter. SG Americas Securities LLC now owns 84,169 shares of the company’s stock valued at $520,000 after buying an additional 64,606 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Custom Truck One Source in the third quarter valued at $31,000. 90.07% of the stock is owned by institutional investors.

Custom Truck One Source Stock Up 4.4 %

CTOS stock opened at $4.05 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.34 and a quick ratio of 0.22. The company has a 50-day moving average of $5.54 and a two-hundred day moving average of $5.93. The stock has a market capitalization of $973.05 million, a price-to-earnings ratio of 40.50, a price-to-earnings-growth ratio of 0.79 and a beta of 0.69. Custom Truck One Source has a 52-week low of $3.61 and a 52-week high of $7.53.

Custom Truck One Source (NYSE:CTOS) last announced its earnings results on Thursday, May 2nd. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.05). The business had revenue of $411.31 million for the quarter, compared to the consensus estimate of $455.98 million. Custom Truck One Source had a net margin of 1.24% and a return on equity of 2.48%. Custom Truck One Source’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 EPS. As a group, equities research analysts anticipate that Custom Truck One Source will post 0.27 EPS for the current year.

About Custom Truck One Source

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).