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

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

Separately, Stifel Nicolaus lifted their price objective on Target Hospitality from $5.00 to $7.50 and gave the company a "hold" rating in a research note 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $11.25.

Target Hospitality Price Performance

TH traded up $0.05 during trading on Friday, reaching $6.88. 287,580 shares of the stock were exchanged, compared to its average volume of 556,933. Target Hospitality has a 1 year low of $4.00 and a 1 year high of $11.10. The business's 50 day moving average price is $6.94 and its two-hundred day moving average price is $7.79. The company has a market capitalization of $683.63 million, a price-to-earnings ratio of 7.91, a P/E/G ratio of 1.81 and a beta of 1.85.

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 the consensus estimate of ($0.02) by ($0.03). Target Hospitality had a net margin of 20.84% and a return on equity of 22.80%. The company had revenue of $69.90 million during the quarter, compared to analysts' expectations of $65.37 million. During the same quarter in the prior year, the company earned $0.20 earnings per share. The firm's revenue was down 34.5% compared to the same quarter last year. On average, analysts anticipate that Target Hospitality will post 0.65 EPS for the current year.

Institutional Trading of Target Hospitality

A number of institutional investors and hedge funds have recently bought and sold shares of TH. Conversant Capital LLC boosted its holdings in Target Hospitality by 2.1% in the 4th quarter. Conversant Capital LLC now owns 4,889,046 shares of the company's stock worth $47,253,000 after acquiring an additional 100,000 shares during the period. Vanguard Group Inc. boosted its stake in shares of Target Hospitality by 4.2% during the 4th quarter. Vanguard Group Inc. now owns 1,965,362 shares of the company's stock valued at $18,995,000 after buying an additional 79,561 shares during the last quarter. Appian Way Asset Management LP purchased a new position in shares of Target Hospitality during the 1st quarter valued at approximately $11,872,000. Philadelphia Financial Management of San Francisco LLC purchased a new position in shares of Target Hospitality during the 1st quarter valued at approximately $11,441,000. Finally, Empyrean Capital Partners LP purchased a new position in shares of Target Hospitality during the 4th quarter valued at approximately $9,781,000. Institutional investors and hedge funds 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.