Custom Truck One Source (NYSE:CTOS) PT Lowered to $6.00 at JPMorgan Chase & Co.

Custom Truck One Source (NYSE:CTOS) had its target price lowered by equities research analysts at JPMorgan Chase & Co. from $7.00 to $6.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 43.88% from the company’s current price.

Separately, Robert W. Baird decreased their target price on Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating on the stock in a research report on Friday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $8.00.

Custom Truck One Source Price Performance

CTOS traded down $0.73 during trading on Friday, hitting $4.17. The company’s stock had a trading volume of 2,392,689 shares, compared to its average volume of 538,520. The company has a current ratio of 1.41, a quick ratio of 0.31 and a debt-to-equity ratio of 1.62. Custom Truck One Source has a twelve month low of $3.61 and a twelve month high of $7.53. The business’s fifty day simple moving average is $5.64 and its 200 day simple moving average is $5.96. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 18.96, a P/E/G ratio of 0.91 and a beta of 0.69.

Custom Truck One Source (NYSE:CTOS) last released its earnings results 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). The firm had revenue of $411.31 million during the quarter, compared to analysts’ expectations of $455.98 million. Custom Truck One Source had a net margin of 2.72% and a return on equity of 5.55%. The business’s revenue was down 9.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.06 EPS. On average, equities research analysts forecast that Custom Truck One Source will post 0.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Custom Truck One Source

A number of institutional investors have recently added to or reduced their stakes in the stock. M&T Bank Corp lifted its position in Custom Truck One Source by 9.8% during the fourth quarter. M&T Bank Corp now owns 29,489 shares of the company’s stock worth $183,000 after buying an additional 2,627 shares in the last quarter. Quadrature Capital Ltd raised its position in Custom Truck One Source by 9.7% in the fourth quarter. Quadrature Capital Ltd now owns 29,875 shares of the company’s stock valued at $184,000 after purchasing an additional 2,636 shares during the period. Campbell & CO Investment Adviser LLC raised its position in Custom Truck One Source by 28.5% in the third quarter. Campbell & CO Investment Adviser LLC now owns 22,270 shares of the company’s stock valued at $138,000 after purchasing an additional 4,934 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in Custom Truck One Source in the third quarter valued at $31,000. Finally, Bank of New York Mellon Corp raised its position in Custom Truck One Source by 3.3% in the third quarter. Bank of New York Mellon Corp now owns 229,823 shares of the company’s stock valued at $1,425,000 after purchasing an additional 7,299 shares during the period. Hedge funds and other institutional investors own 90.07% of the company’s stock.

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).