In yesterday’s Wall Street session, Custom Truck One Source Inc. (NYSE:CTOS) shares traded at $6.84, up 8.40% from the previous session.
5 analysts cover Custom Truck One Source Inc. (NYSE:CTOS), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $12.00 and a low of $7.50, we find $9.00. Given the previous closing price of $6.31, this indicates a potential upside of 42.63 percent. CTOS stock price is now -2.15% away from the 50-day moving average and 6.63% away from the 200-day moving average. The market capitalization of the company currently stands at $1.78B.
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The stock has received a hold rating from 1 analysts and a buy rating from 3. Brokers who have rated the stock have averaged $9.75 as their price target over the next twelve months.
With the price target of $12, DA Davidson recently initiated with Buy rating for Custom Truck One Source Inc. (NYSE: CTOS). On December 13, 2022, JP Morgan recently initiated its ‘Neutral’ rating on the stock quoting a target price of $7.50, while ‘Deutsche Bank’ rates the stock as ‘Buy’.
In other news, Eperjesy Christopher J, Chief Financial Officer bought 30,000 shares of the company’s stock on Nov 11. The stock was bought for $193,497 at an average price of $6.45. Upon completion of the transaction, the Chief Financial Officer now directly owns 30,000 shares in the company, valued at $0.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 16, Director EIN MARK bought 50,000 shares of the business’s stock. A total of $289,670 was incurred on buying the stock at an average price of $5.79. This leaves the insider owning 1,415,534 shares of the company worth $9.68 million. Insiders disposed of 132,213 shares of company stock worth roughly $0.9 million over the past 1 year. A total of 5.53% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CTOS stock. A new stake in Custom Truck One Source Inc. shares was purchased by WESBANCO BANK INC during the first quarter worth $518,000. OCCUDO QUANTITATIVE STRATEGIES LP invested $202,000 in shares of CTOS during the first quarter. In the first quarter, MILL CREEK CAPITAL ADVISORS, LLC acquired a new stake in Custom Truck One Source Inc. valued at approximately $121,000. SCHONFELD STRATEGIC ADVISORS LLC acquired a new stake in CTOS for approximately $104,000. PRICE T ROWE ASSOCIATES INC /MD/ purchased a new stake in CTOS valued at around $69,000 in the second quarter. In total, there are 128 active investors with 92.90% ownership of the company’s stock.
On Wednesday morning Custom Truck One Source Inc. (NYSE: CTOS) stock kicked off with the opening price of $6.99. During the past 12 months, Custom Truck One Source Inc. has had a low of $4.53 and a high of $9.40. As of last week, the company has a debt-to-equity ratio of 1.59, a current ratio of 1.40, and a quick ratio of 0.40. The fifty day moving average price for CTOS is $7.00 and a two-hundred day moving average price translates $6.42 for the stock.
The latest earnings results from Custom Truck One Source Inc. (NYSE: CTOS) was released for Sep, 2022. According to the Rental & Leasing Services Company, earnings per share came in at -$0.01, missing analysts’ expectations of $0.05 by -0.06. This compares to $0.44 EPS in the same period last year. The net profit margin was 0.30% and return on equity was 0.50% for CTOS. The company reported revenue of $486.72 million for the quarter, compared to $356.44 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 36.55 percent. For the current quarter, analysts expect CTOS to generate $431.67M in revenue.
Custom Truck One Source Inc.(CTOS) Company Profile
Custom Truck One Source, Inc. provides specialty equipment rental services to the electric utility transmission and distribution, telecommunications, rail, other infrastructure-related industries in North America. It operates through Equipment Rental Solutions, Truck and Equipment Sales, and Aftermarket Parts and Services segments. The Equipment Rental Solutions owns new and used specialty equipment, including truck-mounted aerial lifts, cranes, service trucks, dump trucks, trailers, digger derricks, and other machinery and equipment. The Truck and Equipment Sales segment offers new equipment for sale to be used for end-markets which can be modified to meet customers specific needs. The Aftermarket Parts and Services segment provides truck and equipment maintenance and repair services as well as sale of specialized aftermarket parts. The company was formerly known as Nesco Holdings, Inc. and changed its name to Custom Truck One Source, Inc. in April 2021. Custom Truck One Source, Inc. was founded in 1988 and is headquartered in Kansas City, Missouri.
