Custom Truck One Source, Inc. (NYSE:CTOS) Given Consensus Rating of "Hold" by Analysts

Key Points

• Custom Truck One Source, Inc. (NYSE:CTOS) has received a consensus rating of "Hold" from six brokerages, with analysts' price targets ranging from $5.50 to $8.00.
• Institutional investors currently own 90.07% of Custom Truck One Source's stock, with significant recent purchases from firms like Millennium Management and Two Sigma Investments.
• In its latest earnings report, Custom Truck One Source reported a loss of $0.13 per share, missing expectations, but revenue grew by 20.9% year-over-year.

Custom Truck One Source, Inc. (NYSE:CTOS - Get Free Report) has earned an average recommendation of "Hold" from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $6.3750.

CTOS has been the topic of several research analyst reports. Oppenheimer set a $8.00 price target on shares of Custom Truck One Source and gave the stock an "outperform" rating in a research report on Monday, August 4th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $5.50 price target (down from $6.00) on shares of Custom Truck One Source in a research report on Wednesday, August 20th. Weiss Ratings restated a "sell (d-)" rating on shares of Custom Truck One Source in a research report on Saturday, September 27th. Finally, Stifel Nicolaus set a $7.00 price target on shares of Custom Truck One Source and gave the stock a "buy" rating in a research report on Tuesday, July 15th.

Institutional Trading of Custom Truck One Source

Several hedge funds and other institutional investors have recently bought and sold shares of CTOS. BNP Paribas Financial Markets acquired a new stake in shares of Custom Truck One Source during the 4th quarter valued at about $29,000. Millennium Management LLC boosted its position in shares of Custom Truck One Source by 77.5% during the 4th quarter. Millennium Management LLC now owns 73,250 shares of the company's stock valued at $352,000 after acquiring an additional 31,975 shares in the last quarter. Two Sigma Investments LP acquired a new stake in shares of Custom Truck One Source during the 4th quarter valued at about $63,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Custom Truck One Source by 4.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 114,050 shares of the company's stock valued at $549,000 after acquiring an additional 4,424 shares in the last quarter. Finally, CWA Asset Management Group LLC acquired a new stake in shares of Custom Truck One Source during the 1st quarter valued at about $68,000. 90.07% of the stock is currently owned by institutional investors and hedge funds.

Custom Truck One Source Price Performance

Shares of Custom Truck One Source stock traded up $0.13 during midday trading on Friday, reaching $6.52. 639,286 shares of the company's stock traded hands, compared to its average volume of 832,787. The company's 50 day simple moving average is $5.97 and its 200 day simple moving average is $5.03. The company has a quick ratio of 0.23, a current ratio of 1.26 and a debt-to-equity ratio of 2.01. Custom Truck One Source has a 52 week low of $3.03 and a 52 week high of $6.64.

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 for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.08). The business had revenue of $511.48 million for the quarter, compared to the consensus estimate 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%. The firm's revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.10) EPS. Custom Truck One Source has set its FY 2025 guidance at EPS. Equities analysts forecast that Custom Truck One Source will post -0.21 EPS for the current year.

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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