Target Hospitality (NASDAQ:TH) Price Target Lowered to $5.00 at Stifel Nicolaus

Target Hospitality (NASDAQ:TH) had its price target reduced by Stifel Nicolaus from $10.00 to $5.00 in a research report released on Wednesday,Benzinga reports. They currently have a hold rating on the stock.

A number of other analysts have also issued reports on the stock. Northland Securities raised shares of Target Hospitality from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $11.00 to $15.00 in a research note on Wednesday, January 29th. Northland Capmk upgraded Target Hospitality from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 29th. Finally, Oppenheimer restated a “market perform” rating on shares of Target Hospitality in a report on Thursday, November 14th.

Target Hospitality Stock Down 0.7 %

NASDAQ TH opened at $5.61 on Wednesday. The company has a fifty day moving average of $9.27 and a two-hundred day moving average of $8.91. The firm has a market capitalization of $555.06 million, a price-to-earnings ratio of 6.45, a PEG ratio of 1.81 and a beta of 2.07. Target Hospitality has a 52 week low of $4.00 and a 52 week high of $11.84.

Institutional Investors Weigh In On Target Hospitality

Large investors have recently bought and sold shares of the company. AlphaQuest LLC boosted its position in Target Hospitality by 275.9% in the 4th quarter. AlphaQuest LLC now owns 4,578 shares of the company’s stock worth $44,000 after purchasing an additional 3,360 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Target Hospitality during the 3rd quarter worth $87,000. Maridea Wealth Management LLC purchased a new position in shares of Target Hospitality during the 4th quarter worth $103,000. Two Sigma Advisers LP purchased a new position in Target Hospitality during the 4th quarter valued at about $105,000. Finally, XTX Topco Ltd purchased a new position in Target Hospitality during the 4th quarter valued at about $113,000. Hedge funds and other institutional investors own 32.40% of the company’s stock.

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.