Custom Truck One Source, Inc. (NYSE:CTOS) Receives $7.13 Average PT from Brokerages

Custom Truck One Source, Inc. (NYSE:CTOS) has received a consensus rating of “Hold” from the seven brokerages that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $7.1250.

CTOS has been the topic of a number of recent analyst reports. Robert W. Baird set a $6.50 price target on Custom Truck One Source in a report on Wednesday, October 29th. Zacks Research raised Custom Truck One Source from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. increased their price target on Custom Truck One Source from $5.50 to $6.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 14th. Oppenheimer set a $8.00 price objective on shares of Custom Truck One Source and gave the company an “outperform” rating in a research note on Monday, August 4th. Finally, Stifel Nicolaus upped their price objective on shares of Custom Truck One Source from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, October 9th.

Custom Truck One Source Stock Performance

Shares of CTOS opened at $5.59 on Friday. The firm has a fifty day moving average of $6.08 and a 200-day moving average of $5.57. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -46.57 and a beta of 1.26. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.22 and a current ratio of 1.27. Custom Truck One Source has a 1 year low of $3.18 and a 1 year high of $6.78.

Custom Truck One Source (NYSE:CTOS) last issued its quarterly earnings data on Monday, October 27th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The firm had revenue of $482.06 million during the quarter, compared to the consensus estimate of $492.12 million. Custom Truck One Source had a negative net margin of 1.26% and a negative return on equity of 5.28%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.07) earnings per share. Custom Truck One Source has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Custom Truck One Source will post -0.21 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CTOS. M&T Bank Corp lifted its holdings in shares of Custom Truck One Source by 7.6% in the second quarter. M&T Bank Corp now owns 26,222 shares of the company’s stock valued at $130,000 after buying an additional 1,848 shares during the period. The Manufacturers Life Insurance Company raised its position in Custom Truck One Source by 6.8% in the second quarter. The Manufacturers Life Insurance Company now owns 37,448 shares of the company’s stock worth $185,000 after acquiring an additional 2,371 shares in the last quarter. Stoneridge Investment Partners LLC lifted its holdings in Custom Truck One Source by 8.2% in the 3rd quarter. Stoneridge Investment Partners LLC now owns 32,813 shares of the company’s stock valued at $211,000 after acquiring an additional 2,478 shares during the last quarter. TD Asset Management Inc lifted its holdings in Custom Truck One Source by 1.8% in the 2nd quarter. TD Asset Management Inc now owns 148,438 shares of the company’s stock valued at $733,000 after acquiring an additional 2,590 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Custom Truck One Source by 4.6% during the 3rd quarter. Legal & General Group Plc now owns 60,973 shares of the company’s stock valued at $391,000 after purchasing an additional 2,692 shares in the last quarter. Institutional investors and hedge funds 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).