Target Hospitality (NASDAQ:TH) Cut to "Sell" at Wall Street Zen

Key Points

• Target Hospitality has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, indicating a more negative outlook on the company's stock.
• In a contrasting move, Stifel Nicolaus upgraded its rating on Target Hospitality from "hold" to "buy" and raised the price target from $7.50 to $11.00.
• The company reported (0.15) EPS for the last quarter, missing the consensus estimate, but achieved revenues of $61.61 million, exceeding analyst expectations.

Target Hospitality (NASDAQ:TH - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

Separately, Stifel Nicolaus raised shares of Target Hospitality from a "hold" rating to a "buy" rating and increased their price objective for the stock from $7.50 to $11.00 in a research report on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Target Hospitality currently has a consensus rating of "Buy" and a consensus price target of $13.00.

Target Hospitality Price Performance

Target Hospitality stock opened at $8.83 on Friday. Target Hospitality has a 52-week low of $4.00 and a 52-week high of $11.10. The firm has a fifty day moving average of $8.20 and a 200-day moving average of $7.21. The firm has a market capitalization of $881.06 million, a P/E ratio of 88.30 and a beta of 2.00. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.07.

Target Hospitality (NASDAQ:TH - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.04). Target Hospitality had a return on equity of 3.26% and a net margin of 3.58%.The business had revenue of $61.61 million during the quarter, compared to analyst estimates of $56.43 million. Target Hospitality has set its FY 2025 guidance at EPS. As a group, analysts predict that Target Hospitality will post 0.65 EPS for the current year.

Institutional Trading of Target Hospitality

Hedge funds and other institutional investors have recently made changes to their positions in the business. AdvisorNet Financial Inc raised its holdings in shares of Target Hospitality by 1,305.4% in the 2nd quarter. AdvisorNet Financial Inc now owns 4,160 shares of the company's stock worth $30,000 after purchasing an additional 3,864 shares in the last quarter. Two Sigma Advisers LP purchased a new position in shares of Target Hospitality in the fourth quarter worth approximately $105,000. Price T Rowe Associates Inc. MD increased its position in shares of Target Hospitality by 15.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,318 shares of the company's stock worth $119,000 after acquiring an additional 1,650 shares in the last quarter. Royce & Associates LP increased its position in shares of Target Hospitality by 44.0% in the first quarter. Royce & Associates LP now owns 15,783 shares of the company's stock worth $104,000 after acquiring an additional 4,819 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new position in shares of Target Hospitality in the first quarter worth approximately $108,000. 32.40% of the stock is currently owned by 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.

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