Custom Truck One Source (NYSE:CTOS) Stock Price Down 7.3% - Time to Sell?

Key Points

• Custom Truck One Source shares fell 7.3% to about $9.23, with trading volume down 95% from the average session.
• Analyst sentiment is mixed but leans neutral: four analysts rate the stock a Buy, three a Hold and one a Sell, with an average price target of $12.00.
• The company recently beat quarterly earnings and revenue expectations, reporting $0.05 EPS versus $0.01 expected and revenue of $563.45 million; however, its low net margin, high debt-to-equity ratio and elevated P/E remain notable risks.

Shares of Custom Truck One Source, Inc. (NYSE:CTOS - Get Free Report) fell 7.3% on Wednesday. The company traded as low as $9.31 and last traded at $9.2280. 49,018 shares traded hands during trading, a decline of 95% from the average session volume of 974,682 shares. The stock had previously closed at $9.96.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. DA Davidson reiterated a "buy" rating and issued a $13.00 price objective on shares of Custom Truck One Source in a research report on Tuesday, September 15th. Cantor Fitzgerald boosted their price objective on Custom Truck One Source from $13.00 to $14.00 and gave the company an "overweight" rating in a research report on Monday, August 17th. Zacks Research lowered Custom Truck One Source from a "strong-buy" rating to a "hold" rating in a research note on Monday. Weiss Ratings raised Custom Truck One Source from a "sell (d-)" rating to a "hold (c)" rating in a research report on Tuesday, September 22nd. Finally, Robert W. Baird lifted their price target on shares of Custom Truck One Source from $10.00 to $12.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 4th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Custom Truck One Source presently has an average rating of "Hold" and an average price target of $12.00.

Custom Truck One Source Price Performance

The company has a 50-day moving average of $9.70 and a 200 day moving average of $9.45. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.29 and a current ratio of 1.34. The firm has a market cap of $2.12 billion, a P/E ratio of 103.11 and a beta of 1.43.

Custom Truck One Source (NYSE:CTOS - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04. The firm had revenue of $563.45 million during the quarter, compared to analyst estimates of $509.76 million. Custom Truck One Source had a return on equity of 2.66% and a net margin of 1.05%.The business's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.13) earnings per share. On average, sell-side analysts anticipate that Custom Truck One Source, Inc. will post 0.13 EPS for the current year.

Hedge Funds Weigh In On Custom Truck One Source

Several institutional investors have recently added to or reduced their stakes in CTOS. Tidal Investments LLC bought a new stake in Custom Truck One Source during the second quarter worth about $987,000. Integrated Wealth Concepts LLC bought a new position in shares of Custom Truck One Source in the second quarter valued at approximately $28,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Custom Truck One Source in the 2nd quarter worth approximately $791,000. Bank of New York Mellon Corp acquired a new position in shares of Custom Truck One Source in the 2nd quarter worth approximately $1,842,000. Finally, Empowered Funds LLC grew its position in Custom Truck One Source by 9.9% during the 1st quarter. Empowered Funds LLC now owns 810,115 shares of the company's stock worth $5,322,000 after acquiring an additional 72,935 shares during the last quarter. 90.07% of the stock is owned by institutional investors.

About Custom Truck One Source

Custom Truck One Source, Inc is a specialty equipment provider serving the utility, telecommunications, rail, infrastructure, vegetation management and related industrial markets. The company sells, rents and services new and used equipment designed for field operations, including aerial devices, bucket trucks, digger derricks, cranes, construction equipment, trailers and rail-based equipment.

In addition to equipment sales and rentals, Custom Truck One Source provides parts, maintenance, repair, refurbishment and other support services.

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