Target Hospitality’s (TH) Buy Rating Reaffirmed at Stifel Nicolaus

Target Hospitality (NASDAQ:TH)‘s stock had its “buy” rating restated by investment analysts at Stifel Nicolaus in a research report issued on Tuesday,Benzinga reports. They presently have a $11.00 price target on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 33.82% from the company’s current price.

Several other equities research analysts also recently weighed in on TH. Wall Street Zen upgraded shares of Target Hospitality from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Target Hospitality in a report on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $13.00.

Target Hospitality Stock Down 2.1%

Shares of NASDAQ TH traded down $0.18 during mid-day trading on Tuesday, reaching $8.22. 126,713 shares of the company were exchanged, compared to its average volume of 540,072. Target Hospitality has a 1 year low of $4.00 and a 1 year high of $11.10. The firm has a 50-day moving average of $7.60 and a 200 day moving average of $7.85. The stock has a market cap of $820.19 million, a price-to-earnings ratio of -74.72 and a beta of 1.32. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.01.

Target Hospitality (NASDAQ:TH) last announced its earnings results on Thursday, November 6th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The business had revenue of $99.36 million during the quarter, compared to the consensus estimate of $85.30 million. Target Hospitality had a negative net margin of 3.08% and a negative return on equity of 1.78%. On average, research analysts expect that Target Hospitality will post 0.65 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Stephen Robertson bought 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were purchased at an average cost of $7.94 per share, with a total value of $992,500.00. Following the transaction, the director directly owned 445,000 shares in the company, valued at approximately $3,533,300. The trade was a 39.06% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Heidi Diane Lewis sold 13,456 shares of Target Hospitality stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $8.50, for a total value of $114,376.00. Following the sale, the executive vice president directly owned 140,742 shares of the company’s stock, valued at approximately $1,196,307. This represents a 8.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 31,456 shares of company stock worth $238,486 over the last three months. Corporate insiders own 68.00% of the company’s stock.

Hedge Funds Weigh In On Target Hospitality

Hedge funds and other institutional investors have recently bought and sold shares of the business. Invesco Ltd. increased its holdings in Target Hospitality by 10.1% in the first quarter. Invesco Ltd. now owns 50,074 shares of the company’s stock valued at $329,000 after buying an additional 4,607 shares in the last quarter. Nuveen LLC purchased a new position in shares of Target Hospitality in the 1st quarter valued at about $577,000. Royal Bank of Canada raised its holdings in Target Hospitality by 3,549.2% in the 1st quarter. Royal Bank of Canada now owns 43,863 shares of the company’s stock worth $289,000 after purchasing an additional 42,661 shares during the period. PDT Partners LLC purchased a new position in Target Hospitality during the first quarter worth approximately $1,155,000. Finally, Appian Way Asset Management LP purchased a new stake in shares of Target Hospitality in the first quarter valued at approximately $11,872,000. Institutional investors and hedge funds own 32.40% of the company’s stock.

About Target Hospitality

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.