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

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

Other research analysts have also issued research reports about the company. Oppenheimer lowered their price target on Target Hospitality from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Monday. 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 $10.96 on Tuesday. The company has a fifty day moving average price of $9.37 and a 200 day moving average price of $11.27. The firm has a market cap of $1.10 billion, a PE ratio of 7.12, a PEG ratio of 1.25 and a beta of 2.08. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.47. Target Hospitality has a 1-year low of $8.49 and a 1-year high of $16.80.

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

Institutional Investors Weigh In On Target Hospitality

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James & Associates bought a new position in shares of Target Hospitality in the first quarter worth $70,000. Vanguard Group Inc. increased its holdings in Target Hospitality by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 1,457,558 shares of the company’s stock valued at $8,744,000 after buying an additional 16,020 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Target Hospitality by 4.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 67,987 shares of the company’s stock valued at $408,000 after buying an additional 3,199 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Target Hospitality by 17.1% in the 1st quarter. Renaissance Technologies LLC now owns 311,500 shares of the company’s stock valued at $1,869,000 after buying an additional 45,452 shares in the last quarter. Finally, Engineers Gate Manager LP lifted its holdings in shares of Target Hospitality by 652.4% during the 1st quarter. Engineers Gate Manager LP now owns 79,099 shares of the company’s stock worth $475,000 after acquiring an additional 68,586 shares during the period. 32.40% of the stock is currently owned by institutional investors and hedge funds.

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.