Analysts Set Custom Truck One Source, Inc. (NYSE:CTOS) Target Price at $7.80

Shares of Custom Truck One Source, Inc. (NYSE:CTOSGet Free Report) have been assigned an average rating of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $7.80.

Several analysts have issued reports on CTOS shares. Robert W. Baird cut their price objective on Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. JPMorgan Chase & Co. cut their price objective 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. Finally, Oppenheimer dropped their target price on Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating on the stock in a report on Monday, May 13th.

Read Our Latest Research Report on CTOS

Insider Activity at Custom Truck One Source

In other Custom Truck One Source news, CEO Ryan Mcmonagle acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average price of $4.04 per share, for a total transaction of $40,400.00. Following the acquisition, the chief executive officer now directly owns 496,587 shares of the company’s stock, valued at approximately $2,006,211.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Custom Truck One Source news, Director Marshall Heinberg bought 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were acquired at an average cost of $4.07 per share, with a total value of $162,800.00. Following the acquisition, the director now owns 293,856 shares of the company’s stock, valued at $1,195,993.92. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcmonagle bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average cost of $4.04 per share, for a total transaction of $40,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 496,587 shares in the company, valued at approximately $2,006,211.48. The disclosure for this purchase can be found here. Insiders have bought a total of 73,000 shares of company stock worth $293,560 over the last 90 days. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale bought a new stake in Custom Truck One Source in the 3rd quarter valued at $31,000. Koshinski Asset Management Inc. acquired a new position in shares of Custom Truck One Source during the 1st quarter worth $58,000. Cetera Advisors LLC acquired a new position in shares of Custom Truck One Source during the 1st quarter worth $68,000. MQS Management LLC acquired a new position in shares of Custom Truck One Source during the 1st quarter worth $75,000. Finally, Sherbrooke Park Advisers LLC acquired a new position in shares of Custom Truck One Source during the 3rd quarter worth $89,000. 90.07% of the stock is owned by institutional investors and hedge funds.

Custom Truck One Source Stock Up 4.0 %

Custom Truck One Source stock opened at $4.72 on Tuesday. The company has a 50-day simple moving average of $5.09 and a 200-day simple moving average of $5.79. The firm has a market capitalization of $1.13 billion, a P/E ratio of 47.20 and a beta of 0.69. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.22 and a current ratio of 1.34. Custom Truck One Source has a one year low of $3.61 and a one year high of $7.53.

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

Custom Truck One Source Company Profile

(Get Free Report

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).

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Analyst Recommendations for Custom Truck One Source (NYSE:CTOS)

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