Target Hospitality (NASDAQ:TH) Rating Lowered to Sell at Wall Street Zen

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

Several other research analysts have also issued reports on the company. Northland Securities upgraded Target Hospitality from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $11.00 to $15.00 in a research note on Wednesday, January 29th. Stifel Nicolaus boosted their target price on Target Hospitality from $5.00 to $7.50 and gave the stock a "hold" rating in a research report on Monday, March 31st. Finally, Northland Capmk upgraded Target Hospitality from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $11.25.

Target Hospitality Price Performance

TH traded down $0.10 during trading hours on Friday, hitting $7.26. 107,610 shares of the stock were exchanged, compared to its average volume of 607,252. The stock has a 50-day simple moving average of $6.79 and a 200-day simple moving average of $7.95. Target Hospitality has a 12 month low of $4.00 and a 12 month high of $11.57. The stock has a market cap of $721.38 million, a price-to-earnings ratio of 8.33, a price-to-earnings-growth ratio of 1.81 and a beta of 1.89.

Target Hospitality (NASDAQ:TH - Get Free Report) last posted its quarterly earnings data 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%. Target Hospitality's quarterly revenue was down 34.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.20 EPS. Sell-side analysts expect that Target Hospitality will post 0.65 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC bought a new stake in shares of Target Hospitality during the 1st quarter valued at $660,000. Goldman Sachs Group Inc. lifted its position in shares of Target Hospitality by 104.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 280,288 shares of the company's stock worth $1,844,000 after buying an additional 143,505 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC bought a new stake in shares of Target Hospitality during the 1st quarter worth $11,441,000. AQR Capital Management LLC bought a new stake in shares of Target Hospitality during the 1st quarter worth $114,000. Finally, Appian Way Asset Management LP bought a new stake in shares of Target Hospitality during the 1st quarter worth $11,872,000. 32.40% of the stock is owned by institutional investors and hedge funds.

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.