Target Hospitality (NASDAQ:TH) Upgraded to "Buy" at Stifel Nicolaus

Key Points

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Target Hospitality (NASDAQ:TH - Get Free Report) was upgraded by equities research analysts at Stifel Nicolaus from a "hold" rating to a "buy" rating in a report issued on Tuesday,Finviz reports. The firm currently has a $11.00 price target on the stock. Stifel Nicolaus' target price indicates a potential upside of 36.65% from the company's previous close.

Separately, Wall Street Zen downgraded Target Hospitality from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $13.00.

Target Hospitality Price Performance

Shares of NASDAQ:TH opened at $8.05 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a market cap of $803.23 million, a price-to-earnings ratio of 80.50 and a beta of 1.92. The business has a 50-day simple moving average of $7.53 and a two-hundred day simple moving average of $7.19. 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 announced its earnings results on Thursday, August 7th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.04). The company had revenue of $61.61 million for the quarter, compared to analysts' expectations of $56.43 million. Target Hospitality had a net margin of 3.58% and a return on equity of 3.26%. On average, analysts expect that Target Hospitality will post 0.65 earnings per share for the current year.

Institutional Investors Weigh In On Target Hospitality

A number of institutional investors and hedge funds have recently modified their holdings of TH. Exchange Traded Concepts LLC lifted its holdings in shares of Target Hospitality by 37.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 41,942 shares of the company's stock worth $276,000 after buying an additional 11,536 shares during the period. Teacher Retirement System of Texas raised its holdings in shares of Target Hospitality by 59.6% in the first quarter. Teacher Retirement System of Texas now owns 446,649 shares of the company's stock valued at $2,939,000 after acquiring an additional 166,815 shares in the last quarter. Fortitude Advisory Group L.L.C. purchased a new stake in Target Hospitality in the first quarter worth about $334,000. Dimensional Fund Advisors LP grew its holdings in Target Hospitality by 420.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 199,358 shares of the company's stock worth $1,927,000 after acquiring an additional 161,036 shares in the last quarter. Finally, Two Sigma Investments LP increased its position in Target Hospitality by 280.0% during the 4th quarter. Two Sigma Investments LP now owns 129,161 shares of the company's stock valued at $1,248,000 after purchasing an additional 95,167 shares during the period. 32.40% of the stock is 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.

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