Target Hospitality (NASDAQ:TH) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Target Hospitality (NASDAQ:TH - Free Report) had its price target hoisted by Stifel Nicolaus from $5.00 to $7.50 in a research note published on Monday,Benzinga reports. They currently have a hold rating on the stock.

Several other brokerages have also recently weighed in on TH. Northland Capmk raised shares of Target Hospitality from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 29th. Northland Securities upgraded shares of Target Hospitality from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $11.00 to $15.00 in a report on Wednesday, January 29th.

Target Hospitality Trading Down 3.5 %

NASDAQ:TH traded down $0.24 during trading hours on Monday, hitting $6.48. 227,260 shares of the stock were exchanged, compared to its average volume of 595,519. The firm's fifty day moving average price is $7.42 and its 200 day moving average price is $8.28. The company has a market cap of $641.53 million, a P/E ratio of 7.44, a P/E/G ratio of 1.81 and a beta of 2.15. Target Hospitality has a 52-week low of $4.00 and a 52-week high of $11.84.

Target Hospitality (NASDAQ:TH - Get Free Report) last released its earnings results on Wednesday, March 26th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.06. The business had revenue of $83.70 million for the quarter, compared to analyst estimates of $80.10 million. Target Hospitality had a net margin of 20.84% and a return on equity of 22.80%. The business's revenue was down 33.7% on a year-over-year basis. During the same period last year, the company posted $0.29 EPS. Equities analysts expect that Target Hospitality will post 0.65 EPS for the current fiscal year.

Institutional Investors Weigh In On Target Hospitality

Institutional investors and hedge funds have recently made changes to their positions in the stock. Conversant Capital LLC grew its stake in Target Hospitality by 2.1% during the 4th quarter. Conversant Capital LLC now owns 4,889,046 shares of the company's stock worth $47,253,000 after purchasing an additional 100,000 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Target Hospitality by 4.2% during the fourth quarter. Vanguard Group Inc. now owns 1,965,362 shares of the company's stock worth $18,995,000 after purchasing an additional 79,561 shares in the last quarter. HighTower Advisors LLC increased its holdings in Target Hospitality by 10.1% in the third quarter. HighTower Advisors LLC now owns 1,466,356 shares of the company's stock valued at $11,408,000 after buying an additional 134,966 shares during the last quarter. Empyrean Capital Partners LP acquired a new stake in Target Hospitality in the fourth quarter valued at $9,781,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Target Hospitality by 32.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,008,702 shares of the company's stock worth $9,749,000 after buying an additional 245,252 shares during the last quarter. 32.40% of the stock is owned by hedge funds and other 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.