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

Custom Truck One Source, Inc. (NYSE:CTOS) has been given an average recommendation of “Moderate Buy” by the four ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $8.50.

Separately, Robert W. Baird dropped their price objective 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.

Institutional Investors Weigh In On Custom Truck One Source

A number of institutional investors have recently made changes to their positions in CTOS. Canvas Wealth Advisors LLC raised its holdings in Custom Truck One Source by 2.2% in the first quarter. Canvas Wealth Advisors LLC now owns 3,487,228 shares of the company’s stock worth $20,296,000 after purchasing an additional 73,986 shares during the period. Vanguard Group Inc. lifted its holdings in Custom Truck One Source by 1.6% during the third quarter. Vanguard Group Inc. now owns 3,251,103 shares of the company’s stock worth $20,157,000 after acquiring an additional 52,437 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Custom Truck One Source by 9.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,156,983 shares of the company’s stock worth $13,373,000 after acquiring an additional 185,272 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Custom Truck One Source by 3.9% during the fourth quarter. Clearbridge Investments LLC now owns 1,878,893 shares of the company’s stock worth $11,612,000 after purchasing an additional 70,005 shares during the period. Finally, R.P. Boggs & Co. lifted its holdings in shares of Custom Truck One Source by 5.2% during 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 in the last quarter. 90.07% of the stock is owned by institutional investors and hedge funds.

Custom Truck One Source Price Performance

Shares of CTOS stock opened at $4.46 on Friday. The stock’s fifty day moving average is $5.67 and its 200-day moving average is $5.96. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.31 and a current ratio of 1.41. Custom Truck One Source has a 52 week low of $4.41 and a 52 week high of $7.53. The stock has a market capitalization of $1.07 billion, a PE ratio of 22.23, a PEG ratio of 0.91 and a beta of 0.69.

Custom Truck One Source (NYSE:CTOS) last posted its quarterly earnings data 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). Custom Truck One Source had a net margin of 2.72% and a return on equity of 5.55%. The company had revenue of $411.31 million during the quarter, compared to analyst estimates of $455.98 million. During the same quarter in the previous year, the business posted $0.06 EPS. The company’s revenue was down 9.0% compared to the same quarter last year. Equities research analysts expect that Custom Truck One Source will post 0.27 EPS for the current fiscal 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).