Custom Truck One Source (NYSE:CTOS) Given New $6.50 Price Target at JPMorgan Chase & Co.

Custom Truck One Source (NYSE:CTOS) had its target price boosted by JPMorgan Chase & Co. from $6.00 to $6.50 in a report published on Wednesday,Benzinga reports. They currently have an underweight rating on the stock.

A number of other equities research analysts also recently issued reports on the stock. Robert W. Baird set a $6.50 target price on shares of Custom Truck One Source in a research report on Wednesday, October 29th. Stifel Nicolaus increased their price objective on Custom Truck One Source from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Zacks Research upgraded Custom Truck One Source from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Custom Truck One Source in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $7.25.

Custom Truck One Source Trading Down 0.9%

Shares of NYSE CTOS opened at $6.31 on Wednesday. Custom Truck One Source has a one year low of $3.18 and a one year high of $6.78. The firm has a market capitalization of $1.43 billion, a PE ratio of -52.54 and a beta of 1.16. The company has a current ratio of 1.27, a quick ratio of 0.22 and a debt-to-equity ratio of 2.08. The business has a 50-day moving average price of $6.00 and a two-hundred day moving average price of $5.95.

Custom Truck One Source (NYSE:CTOS) last issued its earnings results on Monday, October 27th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The business had revenue of $482.06 million during the quarter, compared to analyst estimates 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%. Custom Truck One Source’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.07) EPS. As a group, analysts predict that Custom Truck One Source will post -0.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CTOS. Canvas Wealth Advisors LLC lifted its holdings in Custom Truck One Source by 48.5% in the 4th quarter. Canvas Wealth Advisors LLC now owns 7,050,221 shares of the company’s stock worth $40,609,000 after purchasing an additional 2,303,504 shares during the last quarter. Boston Partners raised its position in shares of Custom Truck One Source by 0.8% in the third quarter. Boston Partners now owns 5,475,307 shares of the company’s stock valued at $35,150,000 after purchasing an additional 42,232 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Custom Truck One Source by 2.2% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,310,114 shares of the company’s stock worth $34,090,000 after buying an additional 112,519 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Custom Truck One Source by 8.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,396,162 shares of the company’s stock worth $28,222,000 after buying an additional 337,284 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Custom Truck One Source by 2.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,389,355 shares of the company’s stock worth $28,575,000 after buying an additional 93,868 shares during the period. Institutional investors and hedge funds own 90.07% of the company’s stock.

Custom Truck One Source Company Profile

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.