Oppenheimer Lowers Custom Truck One Source (NYSE:CTOS) Price Target to $5.00

Custom Truck One Source (NYSE:CTOS) had its target price cut by analysts at Oppenheimer from $6.00 to $5.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price objective points to a potential upside of 16.82% from the stock’s previous close.

Separately, JPMorgan Chase & Co. decreased their target price on Custom Truck One Source from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $5.63.

Custom Truck One Source Stock Up 4.1 %

Shares of CTOS traded up $0.17 during midday trading on Tuesday, hitting $4.28. The company had a trading volume of 139,232 shares, compared to its average volume of 598,296. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of -26.75 and a beta of 0.61. Custom Truck One Source has a 52 week low of $3.03 and a 52 week high of $7.00. The company’s 50 day moving average price is $3.60 and its 200 day moving average price is $4.22. The company has a quick ratio of 0.19, a current ratio of 1.28 and a debt-to-equity ratio of 1.87.

Custom Truck One Source (NYSE:CTOS) last posted its earnings results on Wednesday, October 30th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). Custom Truck One Source had a negative net margin of 2.22% and a negative return on equity of 4.57%. The firm had revenue of $447.22 million for the quarter, compared to analyst estimates of $448.46 million. During the same period in the previous year, the firm earned $0.04 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities research analysts predict that Custom Truck One Source will post -0.13 EPS for the current year.

Insider Transactions at Custom Truck One Source

In related news, major shareholder Ecp Controlco, Llc sold 2,354,109 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $3.42, for a total transaction of $8,051,052.78. Following the sale, the insider now directly owns 23,384,879 shares in the company, valued at $79,976,286.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Energy Capital Partners Manage sold 18,640 shares of Custom Truck One Source stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $4.17, for a total value of $77,728.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Ecp Controlco, Llc sold 2,354,109 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $3.42, for a total value of $8,051,052.78. Following the transaction, the insider now directly owns 23,384,879 shares in the company, valued at $79,976,286.18. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. bought a new stake in shares of Custom Truck One Source during the second quarter worth approximately $47,000. Koshinski Asset Management Inc. bought a new stake in shares of Custom Truck One Source during the 1st quarter valued at $58,000. SG Americas Securities LLC acquired a new position in shares of Custom Truck One Source in the 3rd quarter valued at $64,000. Cetera Advisors LLC bought a new position in shares of Custom Truck One Source in the 1st quarter worth $68,000. Finally, MQS Management LLC bought a new position in shares of Custom Truck One Source in the 1st quarter worth $75,000. 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).