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

Shares of Custom Truck One Source, Inc. (NYSE:CTOS) have earned a consensus recommendation of “Hold” from the six brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $7.25.

Several brokerages have weighed in on CTOS. Weiss Ratings restated a “sell (d-)” rating on shares of Custom Truck One Source in a report on Wednesday, January 21st. JPMorgan Chase & Co. upped their target price on shares of 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.

Institutional Investors Weigh In On Custom Truck One Source

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

Custom Truck One Source Stock Down 1.5%

Custom Truck One Source stock opened at $7.18 on Monday. The firm has a market capitalization of $1.63 billion, a P/E ratio of -59.82 and a beta of 1.14. The company has a current ratio of 1.27, a quick ratio of 0.22 and a debt-to-equity ratio of 2.08. Custom Truck One Source has a twelve month low of $3.18 and a twelve month high of $7.75. The stock’s fifty day simple moving average is $6.53 and its 200-day simple moving average is $6.23.

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.