Target Hospitality (NASDAQ:TH) Rating Reiterated by Stifel Nicolaus

Target Hospitality (NASDAQ:TH)‘s stock had its “buy” rating reaffirmed by equities researchers at Stifel Nicolaus in a note issued to investors on Tuesday, Benzinga reports. They currently have a $13.00 target price on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 18.61% from the company’s previous close.

A number of other research analysts have also recently issued reports on the company. TheStreet cut Target Hospitality from a “b” rating to a “c+” rating in a report on Monday, January 22nd. Oppenheimer reduced their price target 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.

Target Hospitality Price Performance

Shares of Target Hospitality stock opened at $10.96 on Tuesday. Target Hospitality has a twelve month low of $8.49 and a twelve month high of $16.80. 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 firm has a market cap of $1.10 billion, a P/E ratio of 7.12, a price-to-earnings-growth ratio of 1.25 and a beta of 2.08. The firm’s 50-day simple moving average is $9.37 and its 200-day simple moving average is $11.27.

Target Hospitality (NASDAQ:TH) last released its quarterly earnings data on Wednesday, March 13th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. Target Hospitality had a return on equity of 53.91% and a net margin of 29.53%. The company had revenue of $126.20 million for the quarter, compared to the consensus estimate of $118.00 million. During the same period in the previous year, the business earned $0.31 earnings per share. The company’s quarterly revenue was down 17.2% on a year-over-year basis. As a group, research analysts expect that Target Hospitality will post 0.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James & Associates acquired a new stake in Target Hospitality in the 1st quarter valued at about $70,000. Vanguard Group Inc. boosted its holdings in Target Hospitality by 1.1% in the first 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 during the last quarter. Charles Schwab Investment Management Inc. increased its position in 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 purchasing an additional 3,199 shares during the period. Renaissance Technologies LLC raised its holdings in Target Hospitality by 17.1% during the 1st quarter. Renaissance Technologies LLC now owns 311,500 shares of the company’s stock worth $1,869,000 after purchasing an additional 45,452 shares during the last quarter. Finally, Engineers Gate Manager LP boosted its stake in shares of Target Hospitality by 652.4% in the 1st 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.

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.