Custom Truck One Source, Inc. (NYSE:CTOS) Receives Average Rating of “Hold” from Brokerages

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

CTOS has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their price target on shares of Custom Truck One Source from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Robert W. Baird set a $6.50 target price on shares of Custom Truck One Source in a research report on Wednesday, October 29th. Zacks Research upgraded shares of Custom Truck One Source from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. lifted their price target on Custom Truck One Source from $6.00 to $6.50 and gave the stock an “underweight” rating in a research note on Wednesday, January 14th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Custom Truck One Source in a report on Wednesday, January 21st.

Custom Truck One Source Price Performance

Shares of CTOS stock opened at $6.61 on Thursday. The firm has a fifty day simple moving average of $6.19 and a 200-day simple moving average of $6.07. The company has a current ratio of 1.27, a quick ratio of 0.22 and a debt-to-equity ratio of 2.08. The company has a market capitalization of $1.50 billion, a PE ratio of -55.08 and a beta of 1.17. Custom Truck One Source has a twelve month low of $3.18 and a twelve month high of $6.80.

Hedge Funds Weigh In On Custom Truck One Source

Large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its stake in 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 bought a new stake in shares of Custom Truck One Source during the 2nd quarter valued at about $35,000. Oak Thistle LLC bought a new position in Custom Truck One Source in the fourth quarter worth about $58,000. Jane Street Group LLC bought a new position in Custom Truck One Source in the second quarter worth about $58,000. Finally, R Squared Ltd acquired a new position in Custom Truck One Source in the second quarter valued at approximately $59,000. 90.07% of the stock is currently owned by institutional investors.

About Custom Truck One Source

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.