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

Shares of Custom Truck One Source, Inc. (NYSE:CTOS) have received a consensus rating of “Moderate Buy” from the five research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $6.30.

CTOS has been the topic of several analyst reports. Oppenheimer dropped their price target on shares of Custom Truck One Source from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. JPMorgan Chase & Co. lowered their target price on shares of Custom Truck One Source from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Finally, Stifel Nicolaus began coverage on Custom Truck One Source in a report on Friday, June 14th. They set a “hold” rating and a $5.50 target price on the stock.

Custom Truck One Source Price Performance

CTOS opened at $3.60 on Monday. The company has a current ratio of 1.30, a quick ratio of 0.20 and a debt-to-equity ratio of 1.78. Custom Truck One Source has a 1 year low of $3.26 and a 1 year high of $7.00. The stock has a fifty day moving average price of $4.15 and a 200 day moving average price of $4.62. The stock has a market cap of $865.50 million, a price-to-earnings ratio of 36.00 and a beta of 0.63.

Custom Truck One Source (NYSE:CTOS) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.09). Custom Truck One Source had a negative net margin of 0.75% and a negative return on equity of 1.51%. The firm had revenue of $423.00 million during the quarter, compared to the consensus estimate of $456.23 million. During the same period in the previous year, the firm posted $0.05 EPS. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. Analysts forecast that Custom Truck One Source will post -0.12 EPS for the current fiscal year.

Insider Activity at Custom Truck One Source

In other Custom Truck One Source news, Director Energy Capital Partners Manage sold 18,640 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $4.17, for a total transaction of $77,728.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Custom Truck One Source news, Director Energy Capital Partners Manage sold 18,640 shares of Custom Truck One Source stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $4.17, for a total value of $77,728.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Ecp Controlco, Llc sold 2,354,109 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $3.42, for a total value of $8,051,052.78. Following the transaction, the insider now owns 23,384,879 shares of the company’s stock, valued at $79,976,286.18. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. acquired a new position in shares of Custom Truck One Source in the second quarter valued at $47,000. Koshinski Asset Management Inc. bought a new position in shares of Custom Truck One Source during the 1st quarter worth about $58,000. Cetera Advisors LLC acquired a new stake in shares of Custom Truck One Source during the 1st quarter valued at about $68,000. MQS Management LLC bought a new stake in Custom Truck One Source in the first quarter valued at about $75,000. Finally, First Merchants Corp bought a new position in Custom Truck One Source during the second quarter worth about $87,000. Institutional investors own 90.07% of the company’s stock.

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).