Target Hospitality (NASDAQ:TH) Stock Rating Reaffirmed 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.

TH has been the subject of a number of other research reports. Oppenheimer cut their price target on shares of Target Hospitality from $12.00 to $10.00 and set an “outperform” rating for the company in a research note on Monday. TheStreet cut Target Hospitality from a “b” rating to a “c+” rating in a report on Monday, January 22nd.

Target Hospitality Stock Up 0.5 %

NASDAQ:TH opened at $10.96 on Tuesday. The company 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 stock has a 50-day simple moving average of $9.37 and a 200 day simple moving average of $11.27. 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 has a 52-week low of $8.49 and a 52-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 the consensus estimate of $0.24 by $0.05. Target Hospitality had a net margin of 29.53% and a return on equity of 53.91%. The company had revenue of $126.20 million during the quarter, compared to analysts’ expectations of $118.00 million. During the same period last year, the business earned $0.31 EPS. The business’s quarterly revenue was down 17.2% on a year-over-year basis. On average, sell-side analysts expect that Target Hospitality will post 0.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TH. Lifestyle Asset Management Inc. increased its position in shares of Target Hospitality by 6.9% in the third quarter. Lifestyle Asset Management Inc. now owns 12,412 shares of the company’s stock worth $197,000 after purchasing an additional 803 shares during the period. Bailard Inc. grew its stake in Target Hospitality by 2.2% during the third quarter. Bailard Inc. now owns 41,960 shares of the company’s stock worth $666,000 after buying an additional 912 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in Target Hospitality by 110.1% in the 2nd 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. American Century Companies Inc. raised its position in shares of Target Hospitality by 3.4% in the 1st quarter. American Century Companies Inc. now owns 30,471 shares of the company’s stock valued at $470,000 after buying an additional 1,013 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of Target Hospitality by 2.8% in the 1st quarter. Rhumbline Advisers now owns 42,446 shares of the company’s stock valued at $558,000 after buying an additional 1,152 shares in the last quarter. Institutional investors and hedge funds own 32.40% of the company’s stock.

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.