Target Hospitality (NASDAQ:TH) Price Target Cut to $5.00 by Analysts at Stifel Nicolaus

Target Hospitality (NASDAQ:TH - Get Free Report) had its target price dropped by equities research analysts at Stifel Nicolaus from $10.00 to $5.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Stifel Nicolaus' price target would indicate a potential downside of 10.87% from the company's previous close.

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

Target Hospitality Price Performance

Shares of NASDAQ:TH traded down $0.04 during trading on Wednesday, hitting $5.61. 690,881 shares of the company's stock were exchanged, compared to its average volume of 994,135. The business's 50-day simple moving average is $9.27 and its 200 day simple moving average is $8.91. The company has a market cap of $555.06 million, a price-to-earnings ratio of 6.45, a PEG ratio of 1.81 and a beta of 2.07. Target Hospitality has a 52-week low of $4.00 and a 52-week high of $11.84.

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Institutional Trading of Target Hospitality

A number of institutional investors have recently bought and sold shares of TH. Price T Rowe Associates Inc. MD lifted its holdings in Target Hospitality by 15.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,318 shares of the company's stock valued at $119,000 after purchasing an additional 1,650 shares in the last quarter. Fox Run Management L.L.C. raised its holdings in Target Hospitality by 17.6% during the fourth 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 in the last quarter. SG Americas Securities LLC boosted its stake in Target Hospitality by 16.3% in the fourth quarter. SG Americas Securities LLC now owns 16,110 shares of the company's stock valued at $156,000 after acquiring an additional 2,262 shares in the last quarter. AdvisorShares Investments LLC boosted its stake in Target Hospitality by 13.7% in the fourth quarter. AdvisorShares Investments LLC now owns 24,889 shares of the company's stock valued at $241,000 after acquiring an additional 3,000 shares in the last quarter. Finally, AlphaQuest LLC boosted its stake in Target Hospitality by 275.9% in the fourth quarter. AlphaQuest LLC now owns 4,578 shares of the company's stock valued at $44,000 after acquiring an additional 3,360 shares in the last quarter. 32.40% of the stock is currently owned by institutional investors and hedge funds.

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.