Target Hospitality (NASDAQ:TH) Price Target Lowered to $5.00 at Stifel Nicolaus

Target Hospitality (NASDAQ:TH) had its price objective cut by Stifel Nicolaus from $10.00 to $5.00 in a report published on Wednesday,Benzinga reports. They currently have a hold rating on the stock.

Several other equities analysts also recently issued reports on the stock. Northland Securities raised shares of Target Hospitality from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $11.00 to $15.00 in a report on Wednesday, January 29th. Oppenheimer reiterated a “market perform” rating on shares of Target Hospitality in a research note on Thursday, November 14th. Finally, Northland Capmk raised Target Hospitality from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 29th.

Target Hospitality Price Performance

Target Hospitality stock opened at $5.83 on Wednesday. Target Hospitality has a 52-week low of $4.00 and a 52-week high of $11.84. The stock has a fifty day moving average price of $9.42 and a two-hundred day moving average price of $8.96. The firm has a market capitalization of $576.83 million, a P/E ratio of 6.70, a P/E/G ratio of 1.81 and a beta of 2.07.

Institutional Investors Weigh In On Target Hospitality

A number of hedge funds have recently added to or reduced their stakes in TH. Price T Rowe Associates Inc. MD raised its stake in shares of 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 worth $119,000 after acquiring an additional 1,650 shares during the last quarter. Fox Run Management L.L.C. raised its position in Target Hospitality by 17.6% in the 4th quarter. Fox Run Management L.L.C. now owns 14,473 shares of the company’s stock worth $140,000 after purchasing an additional 2,161 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Target Hospitality by 16.3% during the 4th quarter. SG Americas Securities LLC now owns 16,110 shares of the company’s stock worth $156,000 after buying an additional 2,262 shares in the last quarter. AdvisorShares Investments LLC lifted its holdings in Target Hospitality by 13.7% during the 4th quarter. AdvisorShares Investments LLC now owns 24,889 shares of the company’s stock worth $241,000 after buying an additional 3,000 shares in the last quarter. Finally, AlphaQuest LLC boosted its position in Target Hospitality by 275.9% in the 4th quarter. AlphaQuest LLC now owns 4,578 shares of the company’s stock valued at $44,000 after buying an additional 3,360 shares during the last quarter. Institutional investors 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.