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

Shares of Custom Truck One Source, Inc. (NYSE:CTOS) have received a consensus recommendation of “Hold” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $7.25.

CTOS has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on Custom Truck One Source from $6.00 to $6.50 and gave the company an “underweight” rating in a research note on Wednesday, January 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Custom Truck One Source in a research report on Wednesday, January 21st.

Custom Truck One Source Price Performance

CTOS opened at $7.07 on Monday. The company has a market capitalization of $1.60 billion, a P/E ratio of -58.88 and a beta of 1.14. The company has a 50-day moving average of $6.60 and a 200-day moving average of $6.25. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.22 and a current ratio of 1.27. Custom Truck One Source has a 1-year low of $3.18 and a 1-year high of $7.75.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Parallel Advisors LLC bought a new stake in shares of Custom Truck One Source during the 4th quarter valued at about $28,000. BNP Paribas Financial Markets grew its holdings in shares of Custom Truck One Source by 92.1% during the second quarter. BNP Paribas Financial Markets now owns 5,859 shares of the company’s stock valued at $29,000 after purchasing an additional 2,809 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Custom Truck One Source during the 2nd quarter worth approximately $35,000. Oak Thistle LLC bought a new stake in shares of Custom Truck One Source in the 4th quarter worth approximately $58,000. Finally, Jane Street Group LLC acquired a new position in Custom Truck One Source during the 2nd quarter valued at approximately $58,000. 90.07% of the stock is currently owned by institutional investors.

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.