Target Hospitality (NASDAQ:TH) Receives Hold Rating from Stifel Nicolaus

Stifel Nicolaus reaffirmed their hold rating on shares of Target Hospitality (NASDAQ:TH - Free Report) in a research report released on Friday, Marketbeat reports. They currently have a $12.00 price target on the stock, down from their prior price target of $13.00.

TH has been the subject of a number of other research reports. Oppenheimer cut their price objective on shares of Target Hospitality from $12.00 to $10.00 and set an outperform rating for the company in a research report on Monday, March 25th. TheStreet downgraded shares of Target Hospitality from a b rating to a c+ rating in a research report on Monday, January 22nd.

Target Hospitality Stock Down 1.0 %

NASDAQ TH traded down $0.11 during mid-day trading on Friday, reaching $10.71. The stock had a trading volume of 443,220 shares, compared to its average volume of 576,883. Target Hospitality has a 1 year low of $8.49 and a 1 year high of $16.80. The stock has a market cap of $1.08 billion, a PE ratio of 7.03, a price-to-earnings-growth ratio of 1.14 and a beta of 2.09. The company has a fifty day moving average price of $9.65 and a 200 day moving average price of $11.01. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.57 and a quick ratio of 2.57.

Target Hospitality (NASDAQ:TH - Get Free Report) last announced its 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%. The company's quarterly revenue was down 17.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 EPS. On average, research analysts expect that Target Hospitality will post 0.64 earnings per share for the current year.

Institutional Trading of Target Hospitality

Several hedge funds have recently made changes to their positions in TH. Private Capital Management LLC raised its position in Target Hospitality by 9.0% in the 2nd quarter. Private Capital Management LLC now owns 5,880,567 shares of the company's stock worth $33,578,000 after purchasing an additional 483,661 shares during the period. BlackRock Inc. raised its position in Target Hospitality by 7.9% in the 2nd quarter. BlackRock Inc. now owns 2,033,655 shares of the company's stock worth $27,292,000 after purchasing an additional 149,649 shares during the period. Vanguard Group Inc. raised its position in Target Hospitality by 5.0% in the 4th quarter. Vanguard Group Inc. now owns 1,774,438 shares of the company's stock worth $17,265,000 after purchasing an additional 84,998 shares during the period. Voss Capital LLC purchased a new stake in Target Hospitality in the 4th quarter worth about $13,127,000. Finally, HighTower Advisors LLC raised its position in Target Hospitality by 13,213.9% in the 3rd quarter. HighTower Advisors LLC now owns 1,331,390 shares of the company's stock worth $21,143,000 after purchasing an additional 1,321,390 shares during the period. 32.40% of the stock is currently owned by hedge funds and other institutional investors.

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.