Custom Truck One Source, Inc. (NYSE:CTOS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Custom Truck One Source, Inc. (NYSE:CTOS) has earned a consensus recommendation of “Moderate Buy” from the five research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $8.00.

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

Custom Truck One Source Stock Performance

NYSE CTOS opened at $4.05 on Friday. The stock has a market capitalization of $973.05 million, a price-to-earnings ratio of 40.50, a PEG ratio of 0.79 and a beta of 0.69. The business’s 50 day moving average is $5.54 and its two-hundred day moving average is $5.93. Custom Truck One Source has a 12-month low of $3.61 and a 12-month high of $7.53. The company has a current ratio of 1.34, a quick ratio of 0.22 and a debt-to-equity ratio of 1.66.

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 return on equity of 2.48% and a net margin of 1.24%. The business had revenue of $411.31 million for the quarter, compared to analyst estimates of $455.98 million. During the same period in the prior year, the company earned $0.06 EPS. The company’s revenue was down 9.0% on a year-over-year basis. Research analysts expect that Custom Truck One Source will post 0.27 EPS for the current year.

Institutional Investors Weigh In On Custom Truck One Source

Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in shares of Custom Truck One Source during the 3rd quarter worth approximately $121,000. Bank of New York Mellon Corp lifted its position in shares of Custom Truck One Source by 3.3% in the third quarter. Bank of New York Mellon Corp now owns 229,823 shares of the company’s stock valued at $1,425,000 after acquiring an additional 7,299 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Custom Truck One Source by 9.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,156,983 shares of the company’s stock valued at $13,373,000 after acquiring an additional 185,272 shares during the last quarter. Campbell & CO Investment Adviser LLC increased its position in Custom Truck One Source by 28.5% during 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 in the last quarter. Finally, R.P. Boggs & Co. raised its stake 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 valued at $6,164,000 after purchasing an additional 48,995 shares during the last quarter. 90.07% of the stock is owned by institutional investors and hedge funds.

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).