Custom Truck One Source (NYSE:CTOS) Sets New 1-Year High - Still a Buy?

Key Points

• Custom Truck One Source shares reached a new 52-week high at $6.71, with the stock closing last at $6.64.
• Analysts are split on the stock, with Stifel Nicolaus raising their rating to "buy" and a target price of $8.00, while Weiss Ratings maintained a "sell" rating.
• The company reported a loss per share of ($0.13) in its latest quarterly earnings, missing estimates, but saw a 20.9% increase in revenue year-over-year.

Custom Truck One Source, Inc. (NYSE:CTOS - Get Free Report) shares hit a new 52-week high on Thursday . The company traded as high as $6.71 and last traded at $6.64, with a volume of 152530 shares changing hands. The stock had previously closed at $6.28.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Stifel Nicolaus boosted their target price on shares of Custom Truck One Source from $7.00 to $8.00 and gave the stock a "buy" rating in a research note on Thursday. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Custom Truck One Source in a research note on Wednesday. Oppenheimer set a $8.00 price objective on shares of Custom Truck One Source and gave the company an "outperform" rating in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $5.50 price objective (down previously from $6.00) on shares of Custom Truck One Source in a research note on Wednesday, August 20th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Custom Truck One Source currently has a consensus rating of "Hold" and an average price target of $6.63.

Custom Truck One Source Price Performance

The firm's 50 day moving average price is $6.01 and its two-hundred day moving average price is $5.08. 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 (NYSE:CTOS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.08). Custom Truck One Source had a negative return on equity of 6.61% and a negative net margin of 1.89%.The company had revenue of $511.48 million during the quarter, compared to analyst estimates of $460.73 million. During the same quarter in the prior year, the company posted ($0.10) earnings per share. The business's revenue was up 20.9% compared to the same quarter last year. Custom Truck One Source has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Custom Truck One Source, Inc. will post -0.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Custom Truck One Source

A number of hedge funds have recently added to or reduced their stakes in CTOS. Millennium Management LLC lifted its holdings in Custom Truck One Source by 77.5% during the 4th quarter. Millennium Management LLC now owns 73,250 shares of the company's stock worth $352,000 after buying an additional 31,975 shares in the last quarter. Two Sigma Investments LP acquired a new stake in Custom Truck One Source during the 4th quarter worth approximately $63,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in 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 worth $549,000 after buying an additional 4,424 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of Custom Truck One Source in the 1st quarter valued at $68,000. Finally, Register Financial Advisors LLC raised its holdings in shares of Custom Truck One Source by 12.8% in the 1st quarter. Register Financial Advisors LLC now owns 110,300 shares of the company's stock valued at $465,000 after purchasing an additional 12,500 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).

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