Target Hospitality (NASDAQ:TH) Stock Rating Reaffirmed by Stifel Nicolaus

Target Hospitality (NASDAQ:TH)‘s stock had its “hold” rating restated by research analysts at Stifel Nicolaus in a research note issued to investors on Friday, Marketbeat.com reports. They currently have a $12.00 price target on the stock, down from their previous price target of $13.00. Stifel Nicolaus’ price target points to a potential upside of 12.04% from the stock’s current price.

Other research analysts also recently issued reports about the stock. TheStreet downgraded shares of Target Hospitality from a “b” rating to a “c+” rating in a research report on Monday, January 22nd. Oppenheimer lowered their price objective on shares of Target Hospitality from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Monday, March 25th.

Target Hospitality Price Performance

Shares of NASDAQ:TH opened at $10.71 on Friday. The company has a market capitalization of $1.08 billion, a PE ratio of 6.95, a price-to-earnings-growth ratio of 1.13 and a beta of 2.09. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.57 and a current ratio of 2.57. The stock has a fifty day moving average of $9.67 and a 200-day moving average of $10.95. Target Hospitality has a one year low of $8.49 and a one year high of $16.80.

Target Hospitality (NASDAQ:TH) last announced its earnings results on Wednesday, March 13th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.24 by $0.05. The business had revenue of $126.20 million during the quarter, compared to the consensus estimate of $118.00 million. Target Hospitality had a return on equity of 53.91% and a net margin of 29.53%. Target Hospitality’s revenue was down 17.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 earnings per share. As a group, equities analysts anticipate that Target Hospitality will post 0.64 EPS for the current fiscal year.

Hedge Funds Weigh In On Target Hospitality

Large investors have recently made changes to their positions in the business. Raymond James & Associates purchased a new position in Target Hospitality during the first quarter valued at approximately $70,000. Vanguard Group Inc. grew its holdings in shares of Target Hospitality by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 1,457,558 shares of the company’s stock valued at $8,744,000 after acquiring an additional 16,020 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Target Hospitality by 4.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 67,987 shares of the company’s stock worth $408,000 after acquiring an additional 3,199 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Target Hospitality by 17.1% during the first quarter. Renaissance Technologies LLC now owns 311,500 shares of the company’s stock worth $1,869,000 after acquiring an additional 45,452 shares in the last quarter. Finally, Engineers Gate Manager LP boosted its position in Target Hospitality by 652.4% during the first quarter. Engineers Gate Manager LP now owns 79,099 shares of the company’s stock valued at $475,000 after purchasing an additional 68,586 shares during the last quarter. Institutional investors and hedge funds own 32.40% of the company’s stock.

About Target Hospitality

Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America. The company operates through two segments, Hospitality & Facilities Services – South and Government. It owns a network of specialty rental accommodation units. In addition, the company provides catering and food, maintenance, housekeeping, grounds-keeping, security, health and recreation facilities, workforce community management, concierge, and laundry services.