Target Hospitality (NASDAQ:TH) Downgraded by Wall Street Zen to "Sell"

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 equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

Separately, Stifel Nicolaus upgraded shares of Target Hospitality from a "hold" rating to a "buy" rating and upped their price target 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 assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $13.00.

Target Hospitality Stock Performance

Shares of NASDAQ:TH traded down $0.01 on Friday, reaching $8.59. 538,145 shares of the company's stock were exchanged, compared to its average volume of 327,839. The business's 50-day moving average is $8.27 and its two-hundred day moving average is $7.29. The firm has a market capitalization of $857.11 million, a price-to-earnings ratio of 85.90 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 has a fifty-two week low of $4.00 and a fifty-two week high of $11.10.

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

Hedge Funds Weigh In On Target Hospitality

Institutional investors and hedge funds have recently bought and sold shares of the stock. Exchange Traded Concepts LLC grew its position in Target Hospitality by 37.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 41,942 shares of the company's stock valued at $276,000 after buying an additional 11,536 shares in the last quarter. Teacher Retirement System of Texas grew its position in Target Hospitality by 59.6% in the 1st quarter. Teacher Retirement System of Texas now owns 446,649 shares of the company's stock valued at $2,939,000 after buying an additional 166,815 shares in the last quarter. Appian Way Asset Management LP bought a new position in Target Hospitality in the 1st quarter valued at about $11,872,000. Aristides Capital LLC bought a new position in shares of Target Hospitality during the 1st quarter valued at about $332,000. Finally, Fortitude Advisory Group L.L.C. bought a new position in shares of Target Hospitality during the 1st quarter valued at about $334,000. 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.