Custom Truck One Source (NYSE:CTOS) Earns Underweight Rating from JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has reissued an "underweight" rating on Custom Truck One Source (NYSE:CTOS) with a new price target of $5.50, indicating a potential downside of 8.86% from its previous close.
• Several analysts have downgraded the stock, with Robert W. Baird changing its rating from "outperform" to "neutral" and a price target adjustment to $5.00, while Stifel Nicolaus maintains a "buy" rating with a $7.00 price target.
• Custom Truck One Source reported a quarterly EPS of ($0.13), missing estimates, despite having a year-over-year revenue increase of 20.9%, indicating financial challenges alongside revenue growth.

JPMorgan Chase & Co. restated their underweight rating on shares of Custom Truck One Source (NYSE:CTOS - Free Report) in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The firm currently has a $5.50 price target on the stock, down from their prior price target of $6.00.

A number of other equities research analysts have also weighed in on the stock. Baird R W lowered shares of Custom Truck One Source from a "strong-buy" rating to a "hold" rating in a report on Monday, April 28th. Robert W. Baird lowered shares of Custom Truck One Source from an "outperform" rating to a "neutral" rating and set a $5.00 price objective on the stock. in a report on Monday, April 28th. 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. Finally, Stifel Nicolaus set a $7.00 price objective on shares of Custom Truck One Source and gave the company a "buy" rating in a report on Tuesday, July 15th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $6.38.

Custom Truck One Source Stock Up 6.1%

Custom Truck One Source stock traded up $0.3440 during mid-day trading on Wednesday, reaching $6.0240. 533,530 shares of the company's stock were exchanged, compared to its average volume of 777,631. The company has a market cap of $1.36 billion, a P/E ratio of -37.65 and a beta of 1.27. Custom Truck One Source has a twelve month low of $3.03 and a twelve month high of $6.64. The company has a quick ratio of 0.23, a current ratio of 1.26 and a debt-to-equity ratio of 2.01. The company has a fifty day moving average of $5.48 and a 200-day moving average of $4.79.

Custom Truck One Source (NYSE:CTOS - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported ($0.13) earnings per share (EPS) 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 analyst estimates of $460.73 million. Custom Truck One Source had a negative return on equity of 6.61% and a negative net margin of 1.89%.Custom Truck One Source's quarterly revenue was up 20.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.10) earnings per share. Custom Truck One Source has set its FY 2025 guidance at EPS. Sell-side analysts expect that Custom Truck One Source will post -0.21 EPS for the current year.

Institutional Investors Weigh In On Custom Truck One Source

Several hedge funds and other institutional investors have recently bought and sold shares of CTOS. Wells Fargo & Company MN raised its stake in Custom Truck One Source by 22.2% during the 4th quarter. Wells Fargo & Company MN now owns 47,293 shares of the company's stock worth $227,000 after acquiring an additional 8,587 shares in the last quarter. Barclays PLC raised its stake in Custom Truck One Source by 5.8% during the 4th quarter. Barclays PLC now owns 89,436 shares of the company's stock worth $430,000 after acquiring an additional 4,910 shares in the last quarter. Jump Financial LLC acquired a new stake in Custom Truck One Source during the 4th quarter worth $260,000. Marshall Wace LLP acquired a new stake in Custom Truck One Source during the 4th quarter worth $278,000. Finally, First Trust Advisors LP raised its stake in Custom Truck One Source by 36.8% during the 4th quarter. First Trust Advisors LP now owns 964,571 shares of the company's stock worth $4,640,000 after acquiring an additional 259,722 shares in the last quarter. 90.07% of the stock is currently owned by institutional investors and hedge funds.

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).