Stifel Nicolaus Reaffirms Buy Rating for Target Hospitality (NASDAQ:TH)

Stifel Nicolaus reaffirmed their buy rating on shares of Target Hospitality (NASDAQ:TH) in a research note released on Tuesday, Benzinga reports. The brokerage currently has a $13.00 price objective on the stock.

Several other research firms have also recently weighed in on TH. TheStreet cut shares of Target Hospitality from a b rating to a c+ rating in a research note on Monday, January 22nd. Oppenheimer reduced their target price on shares of Target Hospitality from $12.00 to $10.00 and set an outperform rating for the company in a research note on Monday, March 25th.

Target Hospitality Trading Down 0.8 %

Target Hospitality stock opened at $10.87 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.57 and a quick ratio of 2.57. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 7.06, a PEG ratio of 1.15 and a beta of 2.08. Target Hospitality has a one year low of $8.49 and a one year high of $16.80. The company’s fifty day moving average price is $9.43 and its two-hundred day moving average price is $11.24.

Target Hospitality (NASDAQ:TH) last posted its earnings results on Wednesday, March 13th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.24 by $0.05. The firm had revenue of $126.20 million for the quarter, compared to the consensus estimate of $118.00 million. Target Hospitality had a net margin of 29.53% and a return on equity of 53.91%. The business’s quarterly revenue was down 17.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 earnings per share. On average, analysts forecast that Target Hospitality will post 0.64 earnings per share for the current fiscal year.

Institutional Trading of Target Hospitality

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Voss Capital LLC acquired a new stake in Target Hospitality during the 4th quarter worth $13,127,000. HighTower Advisors LLC boosted its position in shares of Target Hospitality by 13,213.9% during the third quarter. HighTower Advisors LLC now owns 1,331,390 shares of the company’s stock worth $21,143,000 after purchasing an additional 1,321,390 shares in the last quarter. Tyro Capital Management LLC bought a new position in shares of Target Hospitality during the fourth quarter worth $11,284,000. Discovery Capital Management LLC CT bought a new position in shares of Target Hospitality during the second quarter worth $9,378,000. Finally, Vanguard Group Inc. boosted its position in shares of Target Hospitality by 44.9% during the third quarter. Vanguard Group Inc. now owns 1,689,440 shares of the company’s stock worth $26,828,000 after purchasing an additional 523,398 shares in the last quarter. Institutional investors and hedge funds own 32.40% of the company’s stock.

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.