Custom Truck One Source (NYSE:CTOS) Stock Price Up 7.2% – Should You Buy?

Custom Truck One Source, Inc. (NYSE:CTOS)’s share price was up 7.2% on Tuesday . The stock traded as high as $5.99 and last traded at $5.9950. Approximately 201,445 shares traded hands during trading, a decline of 73% from the average daily volume of 751,004 shares. The stock had previously closed at $5.59.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CTOS shares. Stifel Nicolaus boosted their price objective on shares of Custom Truck One Source from $7.00 to $8.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Oppenheimer set a $8.00 price target on shares of Custom Truck One Source and gave the company an “outperform” rating in a report on Monday, August 4th. JPMorgan Chase & Co. upped their price objective on shares of Custom Truck One Source from $5.50 to $6.00 and gave the company an “underweight” rating in a research report on Tuesday, October 14th. Robert W. Baird set a $6.50 target price on Custom Truck One Source in a report on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Custom Truck One Source in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $7.13.

Custom Truck One Source Stock Performance

The stock’s 50 day moving average is $6.08 and its two-hundred day moving average is $5.57. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of -50.29 and a beta of 1.26. The company has a current ratio of 1.27, a quick ratio of 0.22 and a debt-to-equity ratio of 2.08.

Custom Truck One Source (NYSE:CTOS) last issued its quarterly earnings results on Monday, October 27th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The firm had revenue of $482.06 million during the quarter, compared to the consensus estimate of $492.12 million. Custom Truck One Source had a negative net margin of 1.26% and a negative return on equity of 5.28%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.07) earnings per share. Custom Truck One Source has set its FY 2025 guidance at EPS. Analysts expect that Custom Truck One Source, Inc. will post -0.21 earnings per share for the current fiscal year.

Institutional Trading of Custom Truck One Source

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. M&T Bank Corp grew its holdings in shares of Custom Truck One Source by 7.6% in the 2nd quarter. M&T Bank Corp now owns 26,222 shares of the company’s stock valued at $130,000 after acquiring an additional 1,848 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Custom Truck One Source by 6.8% during the second quarter. The Manufacturers Life Insurance Company now owns 37,448 shares of the company’s stock valued at $185,000 after purchasing an additional 2,371 shares during the last quarter. Stoneridge Investment Partners LLC grew its stake in Custom Truck One Source by 8.2% in the third quarter. Stoneridge Investment Partners LLC now owns 32,813 shares of the company’s stock valued at $211,000 after purchasing an additional 2,478 shares in the last quarter. TD Asset Management Inc grew its stake in Custom Truck One Source by 1.8% in the second quarter. TD Asset Management Inc now owns 148,438 shares of the company’s stock valued at $733,000 after purchasing an additional 2,590 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of Custom Truck One Source by 4.6% during the 3rd quarter. Legal & General Group Plc now owns 60,973 shares of the company’s stock worth $391,000 after purchasing an additional 2,692 shares during 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).