Custom Truck One Source (NYSE:CTOS) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Custom Truck One Source (NYSE:CTOS) had its price objective boosted by equities researchers at JPMorgan Chase & Co. from $6.00 to $6.50 in a report issued on Wednesday,Benzinga reports. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 2.44% from the company’s previous close.

Several other equities research analysts have also recently weighed in on CTOS. Zacks Research raised shares of Custom Truck One Source from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Custom Truck One Source in a research report on Wednesday, October 8th. Stifel Nicolaus upped their price target on shares of Custom Truck One Source from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Finally, Robert W. Baird set a $6.50 price objective on shares of Custom Truck One Source in a research note on Wednesday, October 29th. 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 company. According to data from MarketBeat, Custom Truck One Source presently has an average rating of “Hold” and a consensus target price of $7.25.

Custom Truck One Source Price Performance

Shares of NYSE CTOS traded down $0.02 during midday trading on Wednesday, reaching $6.35. The company’s stock had a trading volume of 379,536 shares, compared to its average volume of 1,056,530. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.22 and a current ratio of 1.27. The company has a market cap of $1.44 billion, a P/E ratio of -52.88 and a beta of 1.16. The business’s 50 day moving average price is $5.99 and its two-hundred day moving average price is $5.95. Custom Truck One Source has a fifty-two week low of $3.18 and a fifty-two week high of $6.78.

Custom Truck One Source (NYSE:CTOS) last posted its quarterly earnings data on Monday, October 27th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The company had revenue of $482.06 million for the quarter, compared to the consensus estimate of $492.12 million. Custom Truck One Source had a negative return on equity of 5.28% and a negative net margin of 1.26%.Custom Truck One Source’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business earned ($0.07) EPS. On average, analysts forecast that Custom Truck One Source will post -0.21 EPS for the current fiscal year.

Hedge Funds Weigh In On Custom Truck One Source

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its holdings in shares of Custom Truck One Source by 92.1% during the second quarter. BNP Paribas Financial Markets now owns 5,859 shares of the company’s stock worth $29,000 after buying an additional 2,809 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Custom Truck One Source during the 2nd quarter valued at $35,000. Jane Street Group LLC bought a new stake in Custom Truck One Source during the 2nd quarter worth $58,000. R Squared Ltd bought a new position in Custom Truck One Source in the second quarter valued at about $59,000. Finally, AQR Capital Management LLC acquired a new stake in shares of Custom Truck One Source during the first quarter valued at about $63,000. Institutional investors own 90.07% of the company’s stock.

Custom Truck One Source Company Profile

Custom Truck One Source, Inc (NYSE: CTOS) is a North American provider of specialty rental equipment, parts and services. The company’s fleet encompasses a wide range of assets, including cranes, aerial work platforms, trench safety and shoring equipment, fluid management solutions, generators and other industrial machinery. Customers rely on Custom Truck One Source to support projects in construction, energy, telecommunications, industrial manufacturing, municipalities and large-scale events.

Headquartered in Plano, Texas, Custom Truck One Source has expanded through a combination of organic growth and strategic acquisitions to establish a network of more than 140 branch locations across the United States and Canada.