Custom Truck One Source (NYSE:CTOS) Given New $5.00 Price Target at JPMorgan Chase & Co.

Custom Truck One Source (NYSE:CTOS) had its price objective cut by JPMorgan Chase & Co. from $6.00 to $5.00 in a research note published on Wednesday, Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts have also recently issued reports on the stock. 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 report on Monday, May 13th. Robert W. Baird decreased their price objective on shares of Custom Truck One Source from $8.00 to $7.00 and set an outperform rating for the company in a report on Friday, May 3rd. Finally, Stifel Nicolaus assumed coverage on shares of Custom Truck One Source in a report on Friday, June 14th. They set a hold rating and a $5.50 price objective for the company. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $7.25.

Custom Truck One Source Stock Up 1.2 %

Shares of Custom Truck One Source stock opened at $4.15 on Wednesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.22 and a current ratio of 1.34. The stock has a market capitalization of $997.74 million, a PE ratio of 41.50 and a beta of 0.70. Custom Truck One Source has a 52-week low of $3.61 and a 52-week high of $7.53. The company has a 50-day simple moving average of $4.47 and a two-hundred day simple moving average of $5.49.

Custom Truck One Source (NYSE:CTOS) last issued its earnings results on Thursday, May 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.05). The firm had revenue of $411.31 million during the quarter, compared to analysts’ expectations of $455.98 million. Custom Truck One Source had a return on equity of 2.48% and a net margin of 1.24%. The firm’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period last year, the firm posted $0.06 earnings per share. On average, analysts anticipate that Custom Truck One Source will post 0.15 EPS for the current fiscal year.

Insider Buying and Selling at Custom Truck One Source

In other Custom Truck One Source news, CFO Christopher J. Eperjesy bought 20,000 shares of Custom Truck One Source stock in a transaction on Tuesday, May 7th. The stock was acquired at an average cost of $3.90 per share, with a total value of $78,000.00. Following the completion of the acquisition, the chief financial officer now owns 176,962 shares in the company, valued at $690,151.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Christopher J. Eperjesy purchased 20,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was acquired at an average cost of $3.90 per share, for a total transaction of $78,000.00. Following the completion of the transaction, the chief financial officer now directly owns 176,962 shares in the company, valued at approximately $690,151.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Marshall Heinberg purchased 40,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was purchased 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 of the company’s stock, valued at $1,195,993.92. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 73,000 shares of company stock valued at $293,560. Insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On Custom Truck One Source

A number of hedge funds have recently modified their holdings of the company. M&T Bank Corp grew its stake in Custom Truck One Source by 9.8% during the fourth quarter. M&T Bank Corp now owns 29,489 shares of the company’s stock valued at $183,000 after acquiring an additional 2,627 shares in the last quarter. Quadrature Capital Ltd grew its stake in Custom Truck One Source by 9.7% during the fourth quarter. Quadrature Capital Ltd now owns 29,875 shares of the company’s stock valued at $184,000 after acquiring an additional 2,636 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Custom Truck One Source by 21.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,395 shares of the company’s stock valued at $96,000 after acquiring an additional 2,882 shares in the last quarter. Koshinski Asset Management Inc. purchased a new position in Custom Truck One Source during the first quarter valued at $58,000. Finally, Cetera Advisors LLC purchased a new position in Custom Truck One Source during the first quarter valued at $68,000. 90.07% of the stock is currently owned by institutional investors.

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).