Target Hospitality (NASDAQ:TH) Given “Buy” Rating at Stifel Nicolaus

Stifel Nicolaus reiterated their buy rating on shares of Target Hospitality (NASDAQ:TH) in a research report released on Monday morning,Benzinga reports. The brokerage currently has a $15.00 target price on the stock, up from their prior target price of $11.00.

Several other brokerages have also recently issued reports on TH. Weiss Ratings reiterated a “sell (d)” rating on shares of Target Hospitality in a research report on Friday, March 27th. Wall Street Zen upgraded shares of Target Hospitality from a “sell” rating to a “hold” rating in a research report on Saturday. Oppenheimer upgraded shares of Target Hospitality from a “market perform” rating to an “outperform” rating and set a $11.00 price target on the stock in a research report on Tuesday, March 17th. Finally, Texas Capital upgraded shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Target Hospitality presently has a consensus rating of “Moderate Buy” and an average target price of $13.00.

Target Hospitality Trading Down 1.9%

Shares of NASDAQ:TH opened at $13.62 on Monday. The company has a market cap of $1.36 billion, a price-to-earnings ratio of -35.84 and a beta of 1.12. The company has a 50-day moving average price of $8.39 and a 200-day moving average price of $7.98. Target Hospitality has a 12 month low of $5.97 and a 12 month high of $14.13.

Target Hospitality (NASDAQ:TH) last issued its quarterly earnings data on Wednesday, March 11th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.05). Target Hospitality had a negative net margin of 11.58% and a negative return on equity of 8.65%. The firm had revenue of $89.78 million for the quarter, compared to the consensus estimate of $85.20 million. As a group, research analysts forecast that Target Hospitality will post 0.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other Target Hospitality news, EVP Heidi Diane Lewis sold 9,000 shares of the company’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $7.34, for a total value of $66,060.00. Following the sale, the executive vice president owned 131,742 shares in the company, valued at approximately $966,986.28. This represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 68.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TH. Royal Bank of Canada lifted its stake in shares of Target Hospitality by 3,549.2% in the first quarter. Royal Bank of Canada now owns 43,863 shares of the company’s stock worth $289,000 after buying an additional 42,661 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of Target Hospitality in the first quarter worth approximately $114,000. Goldman Sachs Group Inc. lifted its stake in shares of Target Hospitality by 104.9% in the first quarter. Goldman Sachs Group Inc. now owns 280,288 shares of the company’s stock worth $1,844,000 after buying an additional 143,505 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Target Hospitality in the first quarter worth approximately $660,000. Finally, Strs Ohio bought a new position in shares of Target Hospitality in the first quarter worth approximately $131,000. Institutional investors own 32.40% of the company’s stock.

Target Hospitality Company Profile

Target Hospitality is a lodging solutions provider specializing in the ownership and operation of modular workforce housing communities across North America. The company serves large-scale clients in the energy, mining, construction and government sectors that require temporary or long-term accommodations for remote workforces. Its housing portfolio includes suite-style units, single-family cabins and “man-camp” dormitories, designed to match project size, duration and workforce composition.

In addition to lodging, Target Hospitality delivers integrated support services such as on-site dining and culinary management, housekeeping, maintenance, facility management and logistics planning.