Target Hospitality (NASDAQ:TH) Upgraded by Stifel Nicolaus to “Buy” Rating

Stifel Nicolaus upgraded shares of Target Hospitality (NASDAQ:TH) from a hold rating to a buy rating in a research report released on Tuesday, Marketbeat Ratings reports. Stifel Nicolaus currently has $11.00 price target on the stock, up from their previous price target of $7.50.

Separately, Wall Street Zen downgraded Target Hospitality from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $13.00.

Target Hospitality Trading Up 6.8%

NASDAQ TH opened at $8.60 on Tuesday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.07. Target Hospitality has a twelve month low of $4.00 and a twelve month high of $11.10. The company has a market cap of $858.11 million, a price-to-earnings ratio of 86.00 and a beta of 1.92. The business’s fifty day moving average is $7.56 and its 200 day moving average is $7.20.

Target Hospitality (NASDAQ:TH) last announced its earnings results on Thursday, August 7th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.04). The company had revenue of $61.61 million for the quarter, compared to analyst estimates of $56.43 million. Target Hospitality had a return on equity of 3.26% and a net margin of 3.58%. Target Hospitality has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Target Hospitality will post 0.65 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Exchange Traded Concepts LLC lifted its stake in shares of Target Hospitality by 37.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 41,942 shares of the company’s stock valued at $276,000 after purchasing an additional 11,536 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of Target Hospitality by 59.6% in the 1st quarter. Teacher Retirement System of Texas now owns 446,649 shares of the company’s stock valued at $2,939,000 after purchasing an additional 166,815 shares during the period. Fortitude Advisory Group L.L.C. acquired a new position in shares of Target Hospitality in the 1st quarter valued at about $334,000. Dimensional Fund Advisors LP lifted its stake in shares of Target Hospitality by 420.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 199,358 shares of the company’s stock valued at $1,927,000 after purchasing an additional 161,036 shares during the period. Finally, Two Sigma Investments LP lifted its stake in shares of Target Hospitality by 280.0% in the 4th quarter. Two Sigma Investments LP now owns 129,161 shares of the company’s stock valued at $1,248,000 after purchasing an additional 95,167 shares during the period. 32.40% of the stock is owned by institutional investors and hedge funds.

Target Hospitality Company Profile

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.