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

Stifel Nicolaus reissued their hold rating on shares of Target Hospitality (NASDAQ:TH) in a research report report published on Friday, Marketbeat.com reports. They currently have a $12.00 price target on the stock, down from their previous price target of $13.00.

A number of other analysts have also commented on TH. TheStreet lowered shares of Target Hospitality from a b rating to a c+ rating in a report on Monday, January 22nd. Oppenheimer decreased their price target on shares of Target Hospitality from $12.00 to $10.00 and set an outperform rating for the company in a report on Monday, March 25th.

Target Hospitality Stock Performance

Shares of Target Hospitality stock opened at $10.62 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.57 and a quick ratio of 2.57. The firm has a market cap of $1.07 billion, a P/E ratio of 6.90, a P/E/G ratio of 1.12 and a beta of 2.09. The firm has a 50 day simple moving average of $9.70 and a 200 day simple moving average of $10.89. 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, beating analysts’ consensus estimates of $0.24 by $0.05. The business had revenue of $126.20 million during the quarter, compared to analyst estimates of $118.00 million. Target Hospitality had a net margin of 29.53% and a return on equity of 53.91%. Target Hospitality’s revenue for the quarter was down 17.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 earnings per share. Sell-side analysts predict that Target Hospitality will post 0.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Target Hospitality

Several institutional investors and hedge funds have recently added to or reduced their stakes in TH. Great West Life Assurance Co. Can increased its stake in shares of Target Hospitality by 110.1% during the 2nd quarter. Great West Life Assurance Co. Can now owns 1,910 shares of the company’s stock worth $26,000 after purchasing an additional 1,001 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Target Hospitality in the second quarter valued at approximately $29,000. FMR LLC increased its stake in Target Hospitality by 161.2% in the third quarter. FMR LLC now owns 2,406 shares of the company’s stock valued at $38,000 after acquiring an additional 1,485 shares during the last quarter. New York State Teachers Retirement System bought a new position in Target Hospitality in the third quarter valued at approximately $44,000. Finally, Quarry LP acquired a new stake in Target Hospitality in the first quarter valued at approximately $41,000. 32.40% of the stock is owned by institutional investors.

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.