Custom Truck One Source, Inc. (NYSE:CTOS) Given Average Recommendation of “Hold” by Brokerages

Shares of Custom Truck One Source, Inc. (NYSE:CTOS) have earned an average recommendation of “Hold” from the seven research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $7.1250.

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Custom Truck One Source from $5.50 to $6.00 and gave the stock an “underweight” rating in a report on Tuesday, October 14th. Robert W. Baird set a $6.50 price objective on shares of Custom Truck One Source in a research note on Wednesday, October 29th. Oppenheimer set a $8.00 price objective on shares of Custom Truck One Source and gave the company an “outperform” rating in a report 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 report on Thursday, October 9th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Custom Truck One Source in a research report on Wednesday, October 8th.

Custom Truck One Source Stock Performance

NYSE CTOS opened at $5.39 on Friday. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.27 and a quick ratio of 0.22. The stock’s 50 day simple moving average is $6.08 and its 200-day simple moving average is $5.54. The company has a market cap of $1.22 billion, a PE ratio of -44.88 and a beta of 1.26. 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 results on Monday, October 27th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The firm had revenue of $482.06 million for the quarter, compared to analysts’ expectations of $492.12 million. Custom Truck One Source had a negative return on equity of 5.28% and a negative net margin of 1.26%.The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. Custom Truck One Source has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Custom Truck One Source will post -0.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CTOS. Cetera Investment Advisers increased its position in Custom Truck One Source by 118.8% during the first quarter. Cetera Investment Advisers now owns 58,343 shares of the company’s stock worth $246,000 after purchasing an additional 31,684 shares during the last quarter. GSA Capital Partners LLP grew its stake in shares of Custom Truck One Source by 141.8% in the 1st quarter. GSA Capital Partners LLP now owns 445,610 shares of the company’s stock valued at $1,880,000 after buying an additional 261,328 shares during the period. Swiss National Bank increased its holdings in shares of Custom Truck One Source by 15.6% during the 1st quarter. Swiss National Bank now owns 135,700 shares of the company’s stock worth $573,000 after buying an additional 18,300 shares during the last quarter. Invesco Ltd. raised its position in shares of Custom Truck One Source by 12.8% during the 1st quarter. Invesco Ltd. now owns 110,816 shares of the company’s stock valued at $468,000 after buying an additional 12,617 shares during the period. Finally, Nuveen LLC acquired a new position in Custom Truck One Source in the first quarter valued at approximately $699,000. Institutional investors and hedge funds own 90.07% of the company’s stock.

About Custom Truck One Source

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).