Target Hospitality (NASDAQ:TH) Rating Increased to Hold at Wall Street Zen

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

Separately, Stifel Nicolaus raised their price objective on Target Hospitality from $5.00 to $7.50 and gave the stock a "hold" rating in a research report on Monday, March 31st. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $11.25.

Target Hospitality Trading Down 0.1%

Target Hospitality stock traded down $0.01 during trading hours on Friday, hitting $6.98. The stock had a trading volume of 518,594 shares, compared to its average volume of 556,035. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.10. The stock has a market cap of $693.53 million, a price-to-earnings ratio of 16.23 and a beta of 1.85. Target Hospitality has a one year low of $4.00 and a one year high of $11.10. The business's 50 day simple moving average is $6.96 and its 200-day simple moving average is $7.77.

Target Hospitality (NASDAQ:TH - Get Free Report) last issued its quarterly earnings data on Monday, May 19th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.03). Target Hospitality had a return on equity of 11.34% and a net margin of 12.71%. The company had revenue of $69.90 million for the quarter, compared to the consensus estimate of $65.37 million. During the same quarter last year, the business earned $0.20 earnings per share. Target Hospitality's revenue was down 34.5% compared to the same quarter last year. On average, equities analysts predict that Target Hospitality will post 0.65 EPS for the current fiscal year.

Institutional Investors Weigh In On Target Hospitality

A number of hedge funds have recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC grew its stake in Target Hospitality by 1.7% in the first quarter. SummerHaven Investment Management LLC now owns 89,337 shares of the company's stock valued at $588,000 after acquiring an additional 1,493 shares during the period. Rhumbline Advisers grew its stake in Target Hospitality by 3.3% in the first quarter. Rhumbline Advisers now owns 47,426 shares of the company's stock valued at $312,000 after acquiring an additional 1,515 shares during the period. Price T Rowe Associates Inc. MD grew its stake in 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 valued at $119,000 after acquiring an additional 1,650 shares during the period. Fox Run Management L.L.C. grew its stake in Target Hospitality by 17.6% in the fourth quarter. Fox Run Management L.L.C. now owns 14,473 shares of the company's stock valued at $140,000 after acquiring an additional 2,161 shares during the period. Finally, Deutsche Bank AG grew its stake in Target Hospitality by 7.1% in the first quarter. Deutsche Bank AG now owns 41,403 shares of the company's stock valued at $272,000 after acquiring an additional 2,741 shares during the period. 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.