Target Hospitality (NASDAQ:TH) Stock Rating Lowered by Wall Street Zen

Wall Street Zen lowered shares of Target Hospitality (NASDAQ:TH - Free Report) from a hold rating to a sell rating in a report issued on Saturday morning.

Several other research analysts also recently commented on TH. Northland Securities raised shares of Target Hospitality from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $11.00 to $15.00 in a research note on Wednesday, January 29th. Northland Capmk upgraded shares of Target Hospitality from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 29th. Finally, Stifel Nicolaus upped their target price on shares of Target Hospitality from $5.00 to $7.50 and gave the company a "hold" rating in a research note on Monday, March 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $11.25.

Target Hospitality Stock Performance

Target Hospitality stock traded up $0.02 during midday trading on Friday, reaching $7.29. 511,236 shares of the company's stock were exchanged, compared to its average volume of 610,400. Target Hospitality has a 52 week low of $4.00 and a 52 week high of $11.56. The stock's 50-day simple moving average is $6.84 and its 200 day simple moving average is $7.93. The firm has a market cap of $724.36 million, a price-to-earnings ratio of 8.38, a P/E/G ratio of 1.81 and a beta of 1.89.

Target Hospitality (NASDAQ:TH - Get Free Report) last announced its quarterly earnings results on Monday, May 19th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The company had revenue of $69.90 million for the quarter, compared to analyst estimates of $65.37 million. Target Hospitality had a return on equity of 22.80% and a net margin of 20.84%. The firm's quarterly revenue was down 34.5% on a year-over-year basis. During the same quarter last year, the company posted $0.20 earnings per share. Research analysts forecast that Target Hospitality will post 0.65 earnings per share for the current year.

Institutional Investors Weigh In On Target Hospitality

A number of large investors have recently modified their holdings of the business. AlphaQuest LLC lifted its holdings in Target Hospitality by 275.9% in the fourth quarter. AlphaQuest LLC now owns 4,578 shares of the company's stock valued at $44,000 after acquiring an additional 3,360 shares during the period. Maridea Wealth Management LLC purchased a new stake in Target Hospitality in the 4th quarter valued at $103,000. Two Sigma Advisers LP acquired a new position in shares of Target Hospitality in the 4th quarter valued at $105,000. XTX Topco Ltd acquired a new position in shares of Target Hospitality in the 4th quarter valued at $113,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in Target Hospitality by 15.5% during the 4th 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. Hedge funds and other institutional investors own 32.40% of the company's stock.

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.