Custom Truck One Source, Inc. (NYSE:CTOS) Receives $6.30 Consensus Price Target from Analysts

Custom Truck One Source, Inc. (NYSE:CTOS) has been assigned a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $6.30.

A number of equities analysts recently issued reports on the company. Stifel Nicolaus began coverage on Custom Truck One Source in a report on Friday, June 14th. They issued a “hold” rating and a $5.50 price target for the company. Oppenheimer dropped their target price on shares of Custom Truck One Source from $7.00 to $6.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Robert W. Baird reduced their price target on shares of Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. Finally, JPMorgan Chase & Co. dropped their price target on Custom Truck One Source from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th.

Custom Truck One Source Stock Up 1.5 %

Shares of Custom Truck One Source stock opened at $4.38 on Friday. Custom Truck One Source has a 52-week low of $3.61 and a 52-week high of $7.00. The company has a 50 day moving average of $4.48 and a 200 day moving average of $5.18. The company has a quick ratio of 0.22, a current ratio of 1.34 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $1.05 billion, a P/E ratio of 43.75 and a beta of 0.70.

Custom Truck One Source (NYSE:CTOS) last issued its earnings results on Thursday, August 1st. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.09). The firm had revenue of $423.00 million for the quarter, compared to analyst estimates of $456.23 million. Custom Truck One Source had a negative return on equity of 1.49% and a negative net margin of 0.75%. The business’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 EPS. As a group, research analysts forecast that Custom Truck One Source will post 0.12 EPS for the current fiscal year.

Insider Activity

In other news, insider Thomas R. Rich purchased 26,200 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was purchased at an average cost of $3.84 per share, with a total value of $100,608.00. Following the completion of the acquisition, the insider now directly owns 224,778 shares of the company’s stock, valued at approximately $863,147.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CTOS. Victory Capital Management Inc. purchased a new stake in Custom Truck One Source during the second quarter worth $47,000. Koshinski Asset Management Inc. purchased a new stake in shares of Custom Truck One Source in the first quarter worth about $58,000. Cetera Advisors LLC purchased a new position in Custom Truck One Source in the 1st quarter worth approximately $68,000. MQS Management LLC purchased a new position in Custom Truck One Source in the 1st quarter worth approximately $75,000. Finally, First Merchants Corp purchased a new position in Custom Truck One Source in the 2nd quarter worth approximately $87,000. 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).