Target Hospitality (NASDAQ:TH) Given New $13.00 Price Target at Stifel Nicolaus

Target Hospitality (NASDAQ:TH) had its price objective decreased by Stifel Nicolaus from $14.00 to $13.00 in a research note released on Thursday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Separately, TheStreet downgraded Target Hospitality from a b rating to a c+ rating in a research note on Monday, January 22nd.

Target Hospitality Stock Performance

Shares of NASDAQ TH traded down $0.22 during mid-day trading on Thursday, hitting $8.69. The company had a trading volume of 538,059 shares, compared to its average volume of 500,161. The stock has a market cap of $883.43 million, a price-to-earnings ratio of 5.64, a PEG ratio of 1.01 and a beta of 2.08. Target Hospitality has a 12 month low of $8.49 and a 12 month high of $17.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.57 and a quick ratio of 0.58. The firm’s 50 day simple moving average is $9.29 and its two-hundred day simple moving average is $11.58.

Target Hospitality (NASDAQ:TH) last announced its earnings results on Wednesday, March 13th. The company reported $0.29 earnings per share for the quarter, beating 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 return on equity of 53.91% and a net margin of 29.53%. The firm’s revenue for the quarter was down 17.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 EPS. As a group, equities research analysts forecast that Target Hospitality will post 0.59 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Voss Capital LLC acquired a new stake in Target Hospitality during the fourth quarter valued at $13,127,000. HighTower Advisors LLC boosted its position in Target Hospitality by 13,213.9% during the third quarter. HighTower Advisors LLC now owns 1,331,390 shares of the company’s stock valued at $21,143,000 after purchasing an additional 1,321,390 shares during the last quarter. Tyro Capital Management LLC acquired a new stake in Target Hospitality during the fourth quarter valued at $11,284,000. Discovery Capital Management LLC CT acquired a new stake in Target Hospitality during the second quarter valued at $9,378,000. Finally, Vanguard Group Inc. boosted its position in Target Hospitality by 44.9% during the third quarter. Vanguard Group Inc. now owns 1,689,440 shares of the company’s stock valued at $26,828,000 after purchasing an additional 523,398 shares during the last quarter. Hedge funds and other institutional investors own 31.96% 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 four segments: Hospitality & Facilities Services – South, Hospitality & Facilities Services – Midwest, Government, and TCPL Keystone. It owns a network of specialty rental accommodation units.