Target Hospitality (NASDAQ:TH) Price Target Raised to $7.50 at Stifel Nicolaus

Target Hospitality (NASDAQ:TH) had its price target lifted by Stifel Nicolaus from $5.00 to $7.50 in a report released on Monday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

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

Target Hospitality Stock Performance

Shares of NASDAQ:TH opened at $6.58 on Monday. Target Hospitality has a 52-week low of $4.00 and a 52-week high of $11.84. The company has a market capitalization of $651.03 million, a P/E ratio of 7.56, a price-to-earnings-growth ratio of 1.81 and a beta of 2.15. The company has a 50-day simple moving average of $7.62 and a 200 day simple moving average of $8.32.

Target Hospitality (NASDAQ:TH) last released 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. Target Hospitality had a return on equity of 22.80% and a net margin of 20.84%. The company had revenue of $83.70 million during the quarter, compared to analysts’ expectations of $80.10 million. During the same period last year, the firm posted $0.29 earnings per share. The business’s revenue was down 33.7% on a year-over-year basis. As a group, equities analysts forecast that Target Hospitality will post 0.65 earnings per share for the current year.

Institutional Investors Weigh In On Target Hospitality

Institutional investors have recently modified their holdings of the business. Intech Investment Management LLC bought a new position in Target Hospitality during the third quarter worth about $87,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Target Hospitality by 28.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 271,590 shares of the company’s stock worth $2,113,000 after purchasing an additional 60,569 shares during the period. BNP Paribas Financial Markets raised its position in shares of Target Hospitality by 154.0% in the third quarter. BNP Paribas Financial Markets now owns 83,708 shares of the company’s stock valued at $651,000 after buying an additional 50,758 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of 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 period. Finally, Janus Henderson Group PLC grew its position in Target Hospitality by 11.1% during the third quarter. Janus Henderson Group PLC now owns 60,585 shares of the company’s stock worth $471,000 after buying an additional 6,062 shares in 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.