Target Hospitality (NASDAQ:TH) Receives “Buy” Rating from 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.

Several other research firms have also issued reports on TH. TheStreet lowered Target Hospitality from a “b” rating to a “c+” rating in a research note on Monday, January 22nd. Oppenheimer dropped their target price on shares of Target Hospitality from $12.00 to $10.00 and set an “outperform” rating for the company in a research report on Monday.

Target Hospitality Price Performance

Shares of Target Hospitality stock opened at $10.96 on Tuesday. 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 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.

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

Institutional Trading of Target Hospitality

A number of hedge funds and other institutional investors have recently made changes to their positions in TH. Great West Life Assurance Co. Can increased its holdings in shares of Target Hospitality by 110.1% in the second quarter. Great West Life Assurance Co. Can now owns 1,910 shares of the company’s stock valued at $26,000 after purchasing an additional 1,001 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Target Hospitality in the 2nd quarter valued at $29,000. Naples Money Management LLC acquired a new stake in shares of Target Hospitality in the 4th quarter valued at $32,000. FMR LLC raised its position in shares of Target Hospitality by 161.2% during the third quarter. FMR LLC now owns 2,406 shares of the company’s stock worth $38,000 after acquiring an additional 1,485 shares during the last quarter. Finally, Quarry LP bought a new position in Target Hospitality in the first quarter valued at about $41,000. 32.40% of the stock is currently owned by institutional investors and hedge funds.

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.