Analysts Set Custom Truck One Source, Inc. (NYSE:CTOS) Target Price at $6.38

Custom Truck One Source, Inc. (NYSE:CTOS) has been assigned an average rating of “Hold” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $6.3750.

A number of research firms recently commented on CTOS. Oppenheimer set a $8.00 price target on shares of Custom Truck One Source and gave the company an “outperform” rating in a report on Monday, August 4th. Stifel Nicolaus set a $7.00 target price on shares of Custom Truck One Source and gave the stock a “buy” rating in a report on Tuesday, July 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Custom Truck One Source in a report on Saturday, September 27th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $5.50 price target (down previously from $6.00) on shares of Custom Truck One Source in a research report on Wednesday, August 20th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets bought a new position in Custom Truck One Source in the 4th quarter worth $29,000. Quantbot Technologies LP purchased a new stake in Custom Truck One Source in the second quarter worth about $35,000. Teacher Retirement System of Texas bought a new stake in Custom Truck One Source during the 1st quarter valued at approximately $43,000. Teza Capital Management LLC bought a new stake in Custom Truck One Source during the 1st quarter valued at approximately $45,000. Finally, Jane Street Group LLC purchased a new position in shares of Custom Truck One Source during the 2nd quarter worth approximately $58,000. 90.07% of the stock is owned by hedge funds and other institutional investors.

Custom Truck One Source Stock Up 2.0%

CTOS opened at $6.52 on Friday. Custom Truck One Source has a 12 month low of $3.03 and a 12 month high of $6.64. The company has a current ratio of 1.26, a quick ratio of 0.23 and a debt-to-equity ratio of 2.01. The business’s 50-day moving average price is $5.98 and its 200-day moving average price is $5.05. The company has a market cap of $1.48 billion, a P/E ratio of -40.75 and a beta of 1.26.

Custom Truck One Source (NYSE:CTOS) last posted its quarterly earnings results on Wednesday, July 30th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.08). The company had revenue of $511.48 million for the quarter, compared to the consensus estimate of $460.73 million. Custom Truck One Source had a negative return on equity of 6.61% and a negative net margin of 1.89%.Custom Truck One Source’s revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.10) earnings per share. Custom Truck One Source has set its FY 2025 guidance at EPS. On average, equities analysts expect that Custom Truck One Source will post -0.21 EPS for the current year.

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).