Custom Truck One Source, Inc. (NYSE:CTOS) Given Average Rating of “Moderate Buy” by Analysts

Custom Truck One Source, Inc. (NYSE:CTOS) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $7.42.

Several brokerages have issued reports on CTOS. JPMorgan Chase & Co. cut their price target on Custom Truck One Source from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Stifel Nicolaus started coverage on shares of Custom Truck One Source in a research note on Friday, June 14th. They set a “hold” rating and a $5.50 price target for the company. Robert W. Baird dropped their price objective on shares of Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. Finally, Oppenheimer decreased their target price on shares of Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating for the company in a research report on Monday, May 13th.

Insiders Place Their Bets

In other Custom Truck One Source news, Director Marshall Heinberg purchased 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were acquired at an average cost of $4.07 per share, for a total transaction of $162,800.00. Following the completion of the acquisition, the director now owns 293,856 shares of the company’s stock, valued at approximately $1,195,993.92. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Marshall Heinberg acquired 40,000 shares of the stock in a transaction on Tuesday, May 7th. The shares were acquired at an average price of $4.07 per share, with a total value of $162,800.00. Following the completion of the transaction, the director now owns 293,856 shares in the company, valued at approximately $1,195,993.92. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Christopher J. Eperjesy purchased 20,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were bought at an average price of $3.90 per share, with a total value of $78,000.00. Following the purchase, the chief financial officer now owns 176,962 shares in the company, valued at $690,151.80. The disclosure for this purchase can be found here. Insiders have bought a total of 73,000 shares of company stock valued at $293,560 in the last 90 days. 5.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Custom Truck One Source

Several large investors have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale bought a new stake in shares of Custom Truck One Source in the third quarter valued at approximately $31,000. Koshinski Asset Management Inc. purchased a new stake in shares of Custom Truck One Source during the first quarter worth $58,000. Cetera Advisors LLC purchased a new stake in shares of Custom Truck One Source during the first quarter worth $68,000. MQS Management LLC bought a new position in shares of Custom Truck One Source in the first quarter worth $75,000. Finally, Sherbrooke Park Advisers LLC purchased a new position in shares of Custom Truck One Source in the third quarter valued at $89,000. Hedge funds and other institutional investors own 90.07% of the company’s stock.

Custom Truck One Source Price Performance

Shares of NYSE:CTOS opened at $4.39 on Friday. Custom Truck One Source has a 1 year low of $3.61 and a 1 year high of $7.53. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.34 and a quick ratio of 0.22. The business’s 50-day moving average is $4.66 and its 200-day moving average is $5.63. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 43.90 and a beta of 0.70.

Custom Truck One Source (NYSE:CTOS) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.05). The company had revenue of $411.31 million for the quarter, compared to analyst estimates of $455.98 million. Custom Truck One Source had a return on equity of 2.48% and a net margin of 1.24%. The business’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same period last year, the business earned $0.06 EPS. Equities research analysts predict that Custom Truck One Source will post 0.15 earnings per share 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).