Custom Truck One Source, Inc. (NYSE:CTOS) Receives $7.25 Consensus Price Target from Analysts

Custom Truck One Source, Inc. (NYSE:CTOS) has earned an average rating of “Hold” from the six research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $7.25.

CTOS has been the subject of several analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Custom Truck One Source in a report on Wednesday, January 21st. Robert W. Baird set a $6.50 price objective on shares of Custom Truck One Source in a report on Wednesday, October 29th. Zacks Research raised Custom Truck One Source from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Finally, JPMorgan Chase & Co. raised their price target on Custom Truck One Source from $6.00 to $6.50 and gave the company an “underweight” rating in a report on Wednesday, January 14th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. M&T Bank Corp grew its position in shares of Custom Truck One Source by 7.6% during the 2nd quarter. M&T Bank Corp now owns 26,222 shares of the company’s stock worth $130,000 after buying an additional 1,848 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Custom Truck One Source by 6.8% in the second quarter. The Manufacturers Life Insurance Company now owns 37,448 shares of the company’s stock valued at $185,000 after acquiring an additional 2,371 shares during the last quarter. Stoneridge Investment Partners LLC grew its holdings in Custom Truck One Source by 8.2% during the 3rd quarter. Stoneridge Investment Partners LLC now owns 32,813 shares of the company’s stock worth $211,000 after acquiring an additional 2,478 shares during the period. TD Asset Management Inc raised its position in shares of Custom Truck One Source by 1.8% during the 2nd quarter. TD Asset Management Inc now owns 148,438 shares of the company’s stock valued at $733,000 after acquiring an additional 2,590 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Custom Truck One Source by 4.6% in the 3rd quarter. Legal & General Group Plc now owns 60,973 shares of the company’s stock valued at $391,000 after purchasing an additional 2,692 shares during the period. 90.07% of the stock is owned by institutional investors.

Custom Truck One Source Price Performance

CTOS opened at $6.89 on Thursday. The company has a quick ratio of 0.22, a current ratio of 1.27 and a debt-to-equity ratio of 2.08. The stock has a fifty day moving average of $6.20 and a 200-day moving average of $6.09. Custom Truck One Source has a 12-month low of $3.18 and a 12-month high of $6.97. The firm has a market capitalization of $1.56 billion, a P/E ratio of -57.42 and a beta of 1.17.

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.