US LNG exports surge but will buyers in China turn up?
Custom Truck One Source Inc (CTOS) stock reached a new 52-week high, touching 6.17 USD. The company, with a market capitalization of $1.29 billion, has demonstrated strong momentum with an impressive 18.5% gain year-to-date. This milestone reflects a significant upward trajectory for the company, which has experienced a 22.32% increase in its stock price over the past year. The rise to this 52-week high underscores investor confidence in the company’s performance and future prospects. According to InvestingPro analysis, while the company isn’t currently profitable, analysts expect positive earnings this year, with analyst price targets ranging from $6.00 to $7.50. As the stock continues to gain momentum, it highlights the positive market sentiment surrounding Custom Truck One Source Inc and its ongoing operations in the equipment rental industry. For deeper insights into CTOS’s valuation and 10+ additional exclusive ProTips, check out the comprehensive analysis available on InvestingPro.
In other recent news, Custom Truck One Source reported its first-quarter 2025 earnings, which did not meet expectations. The company posted an adjusted earnings per share of -$0.08, missing the forecasted -$0.06. Revenue also fell short, totaling $422 million compared to the projected $434.49 million. Despite these results, the Truck and Equipment Sales segment saw substantial growth, with orders increasing by 220% year-over-year to $284 million. This growth aligns with the company’s revenue guidance for 2025 in the TES segment. In a related development, Stifel upgraded Custom Truck One Source from Hold to Buy, raising the price target from $5.00 to $7.00, citing improved equipment availability trends in the second quarter of 2025. Previously, Stifel had maintained a Hold rating with a $5.00 target following the first-quarter earnings report. The company’s rental utilization also improved, rising to 77.7% from 73.3% year-over-year, indicating increased activity in the Transmission and Distribution market.
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