Custom Truck One Source, Inc. (NYSE:CTOS) Receives $9.20 Average Price Target from Analysts

Custom Truck One Source, Inc. (NYSE:CTOSGet Free Report) has been given an average rating of “Moderate Buy” by the five ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $9.20.

CTOS has been the topic of a number of research reports. TheStreet raised Custom Truck One Source from a “d” rating to a “c” rating in a report on Wednesday, January 3rd. Citigroup cut their price target on Custom Truck One Source from $9.00 to $8.00 and set a “buy” rating for the company in a report on Friday, October 13th. Oppenheimer reduced their price objective on shares of Custom Truck One Source from $9.00 to $8.00 and set an “outperform” rating on the stock in a research note on Monday, November 13th. Finally, JPMorgan Chase & Co. decreased their price target on Custom Truck One Source from $7.50 to $7.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 8th.

Get Our Latest Stock Analysis on Custom Truck One Source

Custom Truck One Source Trading Up 0.1 %

NYSE:CTOS opened at $6.70 on Monday. The stock has a 50-day simple moving average of $6.24 and a 200-day simple moving average of $6.22. The stock has a market cap of $1.63 billion, a P/E ratio of 23.93 and a beta of 0.68. Custom Truck One Source has a 1 year low of $4.41 and a 1 year high of $7.64. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.28 and a current ratio of 1.35.

Custom Truck One Source (NYSE:CTOSGet Free Report) last announced its earnings results on Tuesday, November 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Custom Truck One Source had a net margin of 3.58% and a return on equity of 7.82%. The firm had revenue of $434.35 million during the quarter, compared to analyst estimates of $418.05 million. During the same period last year, the company earned ($0.01) earnings per share. The firm’s revenue for the quarter was up 21.4% compared to the same quarter last year. As a group, analysts anticipate that Custom Truck One Source will post 0.25 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Marshall Heinberg purchased 15,000 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was purchased at an average price of $4.79 per share, for a total transaction of $71,850.00. Following the acquisition, the director now directly owns 220,304 shares in the company, valued at $1,055,256.16. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.30% of the company’s stock.

Institutional Trading of Custom Truck One Source

Several large investors have recently modified their holdings of CTOS. Lazard Asset Management LLC increased its position in shares of Custom Truck One Source by 117.8% in the 3rd quarter. Lazard Asset Management LLC now owns 4,959 shares of the company’s stock worth $30,000 after purchasing an additional 2,682 shares during the last quarter. Advisor Group Holdings Inc. raised its holdings in Custom Truck One Source by 214.1% during the first quarter. Advisor Group Holdings Inc. now owns 3,666 shares of the company’s stock worth $31,000 after purchasing an additional 2,499 shares in the last quarter. Register Financial Advisors LLC lifted its holdings in shares of Custom Truck One Source by 66.7% in the third quarter. Register Financial Advisors LLC now owns 5,000 shares of the company’s stock valued at $31,000 after buying an additional 2,000 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in Custom Truck One Source in the 3rd quarter valued at about $31,000. Finally, Tower Research Capital LLC TRC lifted its stake in Custom Truck One Source by 107.6% during the third quarter. Tower Research Capital LLC TRC now owns 7,480 shares of the company’s stock valued at $44,000 after purchasing an additional 3,877 shares during the last quarter. 91.92% of the stock is currently owned by institutional investors and hedge funds.

Custom Truck One Source Company Profile

(Get Free Report

Custom Truck One Source, Inc provides specialty equipment rental services to the electric utility transmission and distribution, telecommunications, rail, forestry, waste management, and other infrastructure-related industries in North America. The company operates through three segments: Equipment Rental Solutions, Truck and Equipment Sales, and Aftermarket Parts and Services.

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Analyst Recommendations for Custom Truck One Source (NYSE:CTOS)

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