Custom Truck One Source (NYSE:CTOS – Free Report) had its price objective upped by JPMorgan Chase & Co. from $5.50 to $6.00 in a report issued on Tuesday morning,Benzinga reports. They currently have an underweight rating on the stock.
CTOS has been the topic of a number of other research reports. Oppenheimer set a $8.00 target price on Custom Truck One Source and gave the stock an “outperform” rating in a research note on Monday, August 4th. Stifel Nicolaus boosted their target price on Custom Truck One Source from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Custom Truck One Source in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $6.75.
View Our Latest Stock Analysis on CTOS
Custom Truck One Source Price Performance
Custom Truck One Source (NYSE:CTOS – Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08). The company had revenue of $511.48 million for the quarter, compared to analyst estimates of $460.73 million. Custom Truck One Source had a negative net margin of 1.89% and a negative return on equity of 6.61%. Custom Truck One Source’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.10) EPS. Custom Truck One Source has set its FY 2025 guidance at EPS. Research analysts expect that Custom Truck One Source will post -0.21 EPS for the current fiscal year.
Institutional Investors Weigh In On Custom Truck One Source
Hedge funds have recently modified their holdings of the stock. CWA Asset Management Group LLC bought a new stake in shares of Custom Truck One Source in the 1st quarter worth approximately $68,000. Allspring Global Investments Holdings LLC raised its holdings in Custom Truck One Source by 2.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,307,058 shares of the company’s stock valued at $18,090,000 after acquiring an additional 93,090 shares during the period. Canvas Wealth Advisors LLC raised its holdings in Custom Truck One Source by 8.8% during the 1st quarter. Canvas Wealth Advisors LLC now owns 4,468,342 shares of the company’s stock valued at $17,158,000 after acquiring an additional 359,988 shares during the period. Nuveen LLC bought a new stake in Custom Truck One Source during the 1st quarter valued at $699,000. Finally, GSA Capital Partners LLP raised its holdings in Custom Truck One Source by 141.8% during the 1st quarter. GSA Capital Partners LLP now owns 445,610 shares of the company’s stock valued at $1,880,000 after acquiring an additional 261,328 shares during the period. Institutional investors own 90.07% of the company’s stock.
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).
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