Target Hospitality’s (TH) “Hold” Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus restated their hold rating on shares of Target Hospitality (NASDAQ:TH) in a research note released on Friday, Marketbeat Ratings reports. They currently have a $12.00 price target on the stock, down from their prior price target of $13.00.

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

Target Hospitality Price Performance

Shares of NASDAQ:TH opened at $10.62 on Friday. The company’s 50-day moving average is $9.70 and its 200 day moving average is $10.89. 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 company has a market capitalization of $1.07 billion, a P/E ratio of 6.90, a price-to-earnings-growth ratio of 1.12 and a beta of 2.09. Target Hospitality has a fifty-two week low of $8.49 and a fifty-two week high of $16.80.

Target Hospitality (NASDAQ:TH) last issued its quarterly earnings results on Wednesday, March 13th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. The company had revenue of $126.20 million for the quarter, compared to the consensus estimate of $118.00 million. Target Hospitality had a net margin of 29.53% and a return on equity of 53.91%. The firm’s quarterly revenue was down 17.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 EPS. On average, equities research analysts forecast that Target Hospitality will post 0.64 earnings per share for the current year.

Institutional Investors Weigh In On Target Hospitality

Several hedge funds and other institutional investors have recently modified their holdings of TH. Great West Life Assurance Co. Can increased its position in shares of Target Hospitality by 110.1% during the second quarter. Great West Life Assurance Co. Can now owns 1,910 shares of the company’s stock valued at $26,000 after buying an additional 1,001 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Target Hospitality during the second quarter valued at about $29,000. Naples Money Management LLC bought a new stake in shares of Target Hospitality during the fourth quarter valued at about $32,000. FMR LLC increased 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 valued at $38,000 after buying an additional 1,485 shares during the period. Finally, Quarry LP bought a new stake in shares of Target Hospitality during the first quarter valued at about $41,000. 32.40% of the stock is currently owned by institutional investors.

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.