Custom Truck One Source (NYSE:CTOS) Hits New 1-Year High – Here’s Why

Custom Truck One Source, Inc. (NYSE:CTOSGet Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $10.94 and last traded at $10.8860, with a volume of 1279 shares changing hands. The stock had previously closed at $10.66.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Oppenheimer reiterated an “outperform” rating and set a $11.00 target price on shares of Custom Truck One Source in a research report on Friday, May 1st. Weiss Ratings restated a “sell (d-)” rating on shares of Custom Truck One Source in a research note on Monday, April 20th. Capital One Financial set a $13.00 price target on shares of Custom Truck One Source in a research note on Tuesday, May 26th. Stifel Nicolaus increased their target price on Custom Truck One Source from $8.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. increased their target price on Custom Truck One Source from $6.00 to $8.00 and gave the company an “underweight” rating in a research report on Wednesday, April 29th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $10.14.

View Our Latest Analysis on Custom Truck One Source

Custom Truck One Source Price Performance

The company’s 50 day simple moving average is $8.97 and its 200 day simple moving average is $7.33. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.30 and a quick ratio of 0.25. The stock has a market cap of $2.37 billion, a P/E ratio of -116.40 and a beta of 1.37.

Custom Truck One Source (NYSE:CTOSGet Free Report) last issued its quarterly earnings data on Monday, April 27th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.03. Custom Truck One Source had a negative net margin of 0.88% and a negative return on equity of 2.18%. The company had revenue of $461.62 million during the quarter, compared to the consensus estimate of $452.67 million. During the same quarter in the prior year, the firm earned ($0.08) earnings per share. The firm’s revenue was up 9.3% compared to the same quarter last year. As a group, equities analysts forecast that Custom Truck One Source, Inc. will post 0.11 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC grew its position in Custom Truck One Source by 9.9% in the first quarter. Empowered Funds LLC now owns 810,115 shares of the company’s stock valued at $5,322,000 after purchasing an additional 72,935 shares in the last quarter. Quantinno Capital Management LP lifted its stake in Custom Truck One Source by 27.0% in the first quarter. Quantinno Capital Management LP now owns 19,628 shares of the company’s stock valued at $129,000 after acquiring an additional 4,174 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in Custom Truck One Source in the first quarter valued at $125,000. Entropy Technologies LP acquired a new stake in shares of Custom Truck One Source during the 1st quarter worth about $111,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Custom Truck One Source during the 1st quarter worth about $208,000. Institutional investors own 90.07% of the company’s stock.

About Custom Truck One Source

(Get Free Report)

Custom Truck One Source, Inc (NYSE: CTOS) is a North American provider of specialty rental equipment, parts and services. The company’s fleet encompasses a wide range of assets, including cranes, aerial work platforms, trench safety and shoring equipment, fluid management solutions, generators and other industrial machinery. Customers rely on Custom Truck One Source to support projects in construction, energy, telecommunications, industrial manufacturing, municipalities and large-scale events.

Headquartered in Plano, Texas, Custom Truck One Source has expanded through a combination of organic growth and strategic acquisitions to establish a network of more than 140 branch locations across the United States and Canada.

Further Reading

Receive News & Ratings for Custom Truck One Source Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Custom Truck One Source and related companies with MarketBeat.com's FREE daily email newsletter.