Brokerages Set Custom Truck One Source, Inc. (NYSE:CTOS) Price Target at $7.25

Shares of Custom Truck One Source, Inc. (NYSE:CTOS) have been assigned a consensus recommendation of “Hold” from the six brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $7.25.

A number of analysts have recently weighed in on CTOS shares. JPMorgan Chase & Co. raised their target price 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 reiterated a “sell (d-)” rating on shares of Custom Truck One Source in a research report on Wednesday, January 21st.

Hedge Funds Weigh In On Custom Truck One Source

Large investors have recently made changes to their positions in the company. Canvas Wealth Advisors LLC increased its position in Custom Truck One Source by 48.5% in the fourth quarter. Canvas Wealth Advisors LLC now owns 7,050,221 shares of the company’s stock worth $40,609,000 after purchasing an additional 2,303,504 shares during the period. Boston Partners lifted its position in Custom Truck One Source by 71.5% during the 2nd quarter. Boston Partners now owns 5,433,075 shares of the company’s stock valued at $26,849,000 after purchasing an additional 2,264,366 shares during the period. M&T Bank Corp boosted its stake in shares of Custom Truck One Source by 3,477.5% in the 4th quarter. M&T Bank Corp now owns 938,098 shares of the company’s stock valued at $5,403,000 after purchasing an additional 911,876 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Custom Truck One Source by 221.9% during the fourth quarter. First Trust Advisors LP now owns 1,222,875 shares of the company’s stock worth $7,044,000 after buying an additional 842,964 shares during the last quarter. Finally, Alyeska Investment Group L.P. grew its holdings in Custom Truck One Source by 42.9% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,500,229 shares of the company’s stock worth $14,401,000 after acquiring an additional 750,000 shares during the period. Institutional investors and hedge funds own 90.07% of the company’s stock.

Custom Truck One Source Stock Down 5.9%

Shares of CTOS opened at $6.43 on Monday. The company has a market capitalization of $1.46 billion, a P/E ratio of -53.58 and a beta of 1.14. Custom Truck One Source has a one year low of $3.18 and a one year high of $7.75. The business’s 50 day simple moving average is $6.62 and its 200-day simple moving average is $6.26. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.27 and a quick ratio of 0.22.

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.