Stifel Nicolaus Reiterates “Buy” Rating for Target Hospitality (NASDAQ:TH)

Target Hospitality (NASDAQ:TH)‘s stock had its “buy” rating restated by Stifel Nicolaus in a note issued to investors on Monday,Benzinga reports. They presently have a $15.00 price target on the stock, up from their prior price target of $11.00. Stifel Nicolaus’ target price points to a potential upside of 10.38% from the stock’s current price.

Several other research firms have also commented on TH. Weiss Ratings reissued a “sell (d)” rating on shares of Target Hospitality in a research report on Friday, March 27th. Texas Capital raised Target Hospitality from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. Oppenheimer upgraded Target Hospitality from a “market perform” rating to an “outperform” rating and set a $11.00 target price on the stock in a research note on Tuesday, March 17th. Finally, Wall Street Zen raised shares of Target Hospitality from a “sell” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Target Hospitality presently has an average rating of “Moderate Buy” and a consensus price target of $13.00.

Target Hospitality Trading Down 2.1%

Shares of TH traded down $0.29 during mid-day trading on Monday, hitting $13.59. The company’s stock had a trading volume of 584,587 shares, compared to its average volume of 588,715. The company’s 50-day moving average is $8.26 and its 200-day moving average is $7.94. Target Hospitality has a 52-week low of $5.97 and a 52-week high of $14.13. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of -35.74 and a beta of 1.12.

Target Hospitality (NASDAQ:TH) last issued its quarterly earnings data on Wednesday, March 11th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05). The business had revenue of $89.78 million during the quarter, compared to the consensus estimate of $85.20 million. Target Hospitality had a negative return on equity of 8.65% and a negative net margin of 11.58%. As a group, sell-side analysts predict that Target Hospitality will post 0.65 earnings per share for the current fiscal year.

Insider Activity at Target Hospitality

In other news, EVP Heidi Diane Lewis sold 9,000 shares of the stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $7.34, for a total transaction of $66,060.00. Following the completion of the sale, the executive vice president owned 131,742 shares in the company, valued at approximately $966,986.28. This represents a 6.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 68.00% of the company’s stock.

Institutional Investors Weigh In On Target Hospitality

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc grew its stake in shares of Target Hospitality by 88.0% during the third quarter. IFP Advisors Inc now owns 4,002 shares of the company’s stock worth $35,000 after acquiring an additional 1,873 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Target Hospitality by 121.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,494 shares of the company’s stock valued at $38,000 after purchasing an additional 2,465 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Target Hospitality in the 3rd quarter worth approximately $44,000. Tripletail Wealth Management LLC acquired a new stake in Target Hospitality in the 3rd quarter worth approximately $55,000. Finally, FourThought Financial Partners LLC purchased a new stake in Target Hospitality during the 3rd quarter worth approximately $95,000. 32.40% of the stock is currently owned by hedge funds and other institutional investors.

Target Hospitality Company Profile

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.