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

Key Points

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Stifel Nicolaus upgraded shares of Target Hospitality (NASDAQ:TH - Free Report) from a hold rating to a buy rating in a report published on Tuesday morning, Marketbeat.com reports. They currently have $11.00 price target on the stock, up from their prior price target of $7.50.

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

Target Hospitality Price Performance

Shares of NASDAQ TH traded up $0.15 during trading on Tuesday, reaching $9.00. The company had a trading volume of 539,593 shares, compared to its average volume of 455,555. Target Hospitality has a twelve month low of $4.00 and a twelve month high of $11.10. The stock has a market capitalization of $898.02 million, a PE ratio of 90.00 and a beta of 1.92. The stock has a 50-day moving average price of $7.69 and a two-hundred day moving average price of $7.19. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.07.

Target Hospitality (NASDAQ:TH - Get Free Report) last released its quarterly 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). Target Hospitality had a return on equity of 3.26% and a net margin of 3.58%.The company had revenue of $61.61 million during the quarter, compared to analyst estimates of $56.43 million. Target Hospitality has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Target Hospitality will post 0.65 earnings per share for the current year.

Institutional Investors Weigh In On Target Hospitality

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Appian Way Asset Management LP purchased a new stake in shares of Target Hospitality in the first quarter worth about $11,872,000. Philadelphia Financial Management of San Francisco LLC purchased a new stake in shares of Target Hospitality in the first quarter worth about $11,441,000. Cooper Creek Partners Management LLC purchased a new stake in shares of Target Hospitality in the second quarter worth about $8,556,000. Empyrean Capital Partners LP purchased a new stake in shares of Target Hospitality in the fourth quarter worth about $9,781,000. Finally, Pacer Advisors Inc. purchased a new stake in shares of Target Hospitality in the first quarter worth about $2,812,000. 32.40% of the stock is currently owned by institutional investors and hedge funds.

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.