JPMorgan Chase & Co. Increases Custom Truck One Source (NYSE:CTOS) Price Target to $8.00

Custom Truck One Source (NYSE:CTOS) had its price target hoisted by research analysts at JPMorgan Chase & Co. from $6.00 to $8.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 12.61% from the stock’s previous close.

Several other equities analysts have also issued reports on CTOS. Cantor Fitzgerald began coverage on Custom Truck One Source in a report on Tuesday, April 21st. They issued an “overweight” rating and a $11.00 target price for the company. DA Davidson reissued a “buy” rating and set a $8.50 price target on shares of Custom Truck One Source in a research note on Tuesday. Stifel Nicolaus increased their target price on shares of Custom Truck One Source from $8.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Custom Truck One Source in a research note on Monday, April 20th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $8.83.

Custom Truck One Source Stock Up 1.6%

CTOS stock traded up $0.14 during midday trading on Wednesday, reaching $9.15. 1,844,401 shares of the company’s stock traded hands, compared to its average volume of 912,079. The company has a quick ratio of 0.26, a current ratio of 1.33 and a debt-to-equity ratio of 2.00. The firm’s fifty day moving average price is $7.02 and its 200-day moving average price is $6.50. Custom Truck One Source has a 52 week low of $3.77 and a 52 week high of $9.35. The company has a market cap of $2.07 billion, a price-to-earnings ratio of -101.71 and a beta of 1.12.

Custom Truck One Source (NYSE:CTOS) last posted its earnings results on Monday, April 27th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.03. The company had revenue of $461.62 million during the quarter, compared to the consensus estimate of $448.27 million. Custom Truck One Source had a negative net margin of 0.88% and a negative return on equity of 2.18%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.08) earnings per share. As a group, sell-side analysts forecast that Custom Truck One Source will post 0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Custom Truck One Source

Hedge funds have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC purchased a new position in shares of Custom Truck One Source during the 1st quarter worth $71,000. AQR Capital Management LLC bought a new stake in shares of Custom Truck One Source during the first quarter valued at approximately $63,000. Goldman Sachs Group Inc. boosted its holdings in shares of Custom Truck One Source by 223.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 529,589 shares of the company’s stock valued at $2,235,000 after purchasing an additional 365,862 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Custom Truck One Source by 9.5% in the second quarter. Envestnet Asset Management Inc. now owns 31,855 shares of the company’s stock worth $157,000 after buying an additional 2,773 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Custom Truck One Source by 16.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 29,422 shares of the company’s stock worth $145,000 after acquiring an additional 4,058 shares in the last quarter. 90.07% of the stock is currently owned by hedge funds and other institutional investors.

Custom Truck One Source News Roundup

Here are the key news stories impacting Custom Truck One Source this week:

• Positive Sentiment: Q1 results topped revenue and EPS expectations — record Q1 revenue of $461.6M (up 9.3% YoY) and a smaller-than-expected loss, signaling improving operating performance. Custom Truck One Source, Inc. Reports First Quarter 2026 Results
• Positive Sentiment: Rental/Service (SER) momentum appears to be driving growth, with improving backlog and margins — a core operational improvement that supports higher revenue and future EBITDA. CTOS Q1 Deep Dive: Rental Segment Drives Growth, Backlog and Margins Improve
• Positive Sentiment: Company raised its 2026 adjusted EBITDA target to $415M–$440M, reflecting management confidence in rental momentum and margin leverage — a key metric investors track for valuation and free-cash-flow conversion. Custom Truck targets $415M-$440M 2026 adjusted EBITDA
• Positive Sentiment: Stifel Nicolaus raised its price target to $11 and initiated/maintained a Buy — an analyst upgrade that implies meaningful upside and likely helped buying interest. Benzinga: Stifel raises CTOS price target to $11
• Neutral Sentiment: Company updated FY2026 revenue guidance roughly in line with consensus (~$2.0B–$2.1B per reports), though the published item had formatting issues for EPS guidance; revenue guidance being steady reduces downside surprise risk.
• Neutral Sentiment: Full Q1 earnings call transcript, slide deck and analyst write-ups are available — useful for digging into margin drivers, capital expenditures, and rental fleet dynamics but not immediate headline news. Seeking Alpha: Q1 2026 earnings call transcript
• Negative Sentiment: DA Davidson reaffirmed a Buy but kept a lower $8.50 price target, which sits below the current trading level and could cap upside or prompt caution among some investors. Benzinga: DA Davidson reaffirms Buy, $8.50 PT

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.