Stifel Nicolaus Issues Positive Forecast for Target Hospitality (NASDAQ:TH) Stock Price

Target Hospitality (NASDAQ:TH) had its price objective lifted by investment analysts at Stifel Nicolaus from $5.00 to $7.50 in a report issued on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 12.95% from the stock’s current price.

Several other research analysts also recently commented on TH. Northland Securities raised shares of Target Hospitality from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $11.00 to $15.00 in a report on Wednesday, January 29th. Northland Capmk upgraded Target Hospitality from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 29th.

Target Hospitality Price Performance

Shares of TH opened at $6.64 on Monday. Target Hospitality has a 1 year low of $4.00 and a 1 year high of $11.84. The stock’s fifty day moving average price is $7.71 and its two-hundred day moving average price is $8.34. The firm has a market cap of $656.97 million, a PE ratio of 7.63, a PEG ratio of 1.81 and a beta of 2.15.

Target Hospitality (NASDAQ:TH) last announced its quarterly earnings data on Wednesday, March 26th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. The business had revenue of $83.70 million for the quarter, compared to analysts’ expectations of $80.10 million. Target Hospitality had a return on equity of 22.80% and a net margin of 20.84%. The firm’s quarterly revenue was down 33.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 EPS. Sell-side analysts anticipate that Target Hospitality will post 0.65 earnings per share for the current fiscal year.

Institutional Trading of Target Hospitality

A number of hedge funds and other institutional investors have recently bought and sold shares of TH. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Target Hospitality by 28.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,089 shares of the company’s stock valued at $977,000 after purchasing an additional 22,355 shares in the last quarter. Two Sigma Advisers LP bought a new stake in Target Hospitality during the fourth quarter valued at $105,000. Two Sigma Investments LP grew its position in Target Hospitality by 280.0% during the fourth quarter. Two Sigma Investments LP now owns 129,161 shares of the company’s stock worth $1,248,000 after buying an additional 95,167 shares in the last quarter. Shay Capital LLC purchased a new position in Target Hospitality during the fourth quarter worth about $2,667,000. Finally, Quantinno Capital Management LP bought a new position in Target Hospitality in the 4th quarter worth about $258,000. Institutional investors 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.