Custom Truck One Source (NYSE:CTOS) Price Target Lowered to $7.00 at Robert W. Baird

Custom Truck One Source (NYSE:CTOS) had its price target reduced by analysts at Robert W. Baird from $8.00 to $7.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price objective suggests a potential upside of 67.87% from the stock’s current price.

Custom Truck One Source Price Performance

Shares of NYSE:CTOS opened at $4.17 on Friday. The company has a quick ratio of 0.31, a current ratio of 1.41 and a debt-to-equity ratio of 1.62. Custom Truck One Source has a fifty-two week low of $3.61 and a fifty-two week high of $7.53. The firm has a 50-day simple moving average of $5.59 and a 200 day simple moving average of $5.94. The company has a market cap of $1.00 billion, a PE ratio of 41.70, a P/E/G ratio of 0.79 and a beta of 0.69.

Custom Truck One Source (NYSE:CTOS) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). Custom Truck One Source had a net margin of 1.24% and a return on equity of 2.46%. The business had revenue of $411.31 million for the quarter, compared to the consensus estimate of $455.98 million. During the same period in the prior year, the company earned $0.06 EPS. Custom Truck One Source’s quarterly revenue was down 9.0% on a year-over-year basis. On average, sell-side analysts anticipate that Custom Truck One Source will post 0.27 EPS for the current year.

Institutional Investors Weigh In On Custom Truck One Source

A number of institutional investors have recently modified their holdings of CTOS. SG Americas Securities LLC bought a new position in Custom Truck One Source in the 3rd quarter worth about $121,000. Bank of New York Mellon Corp grew its position in Custom Truck One Source by 3.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 229,823 shares of the company’s stock worth $1,425,000 after purchasing an additional 7,299 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Custom Truck One Source by 9.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,156,983 shares of the company’s stock worth $13,373,000 after purchasing an additional 185,272 shares during the last quarter. Campbell & CO Investment Adviser LLC grew its position in Custom Truck One Source by 28.5% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 22,270 shares of the company’s stock worth $138,000 after purchasing an additional 4,934 shares during the last quarter. Finally, R.P. Boggs & Co. grew its position in Custom Truck One Source by 5.2% in the 3rd quarter. R.P. Boggs & Co. now owns 994,203 shares of the company’s stock worth $6,164,000 after purchasing an additional 48,995 shares during the last quarter. Institutional investors own 90.07% of the company’s stock.

Custom Truck One Source Company Profile

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).