Stifel Nicolaus Reiterates Buy Rating for Target Hospitality (NASDAQ:TH)

Target Hospitality (NASDAQ:TH)‘s stock had its “buy” rating reiterated by equities researchers at Stifel Nicolaus in a research report issued on Monday,Benzinga reports. They currently have a $15.00 price objective on the stock, up from their prior price objective of $11.00. Stifel Nicolaus’ target price would indicate a potential upside of 9.25% from the stock’s current price.

Several other equities analysts also recently commented on TH. Wall Street Zen upgraded Target Hospitality from a “sell” rating to a “hold” rating in a report on Saturday. Texas Capital upgraded Target Hospitality from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. Oppenheimer upgraded Target Hospitality from a “market perform” rating to an “outperform” rating and set a $11.00 price target on the stock in a report on Tuesday, March 17th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Target Hospitality in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $13.00.

Target Hospitality Stock Up 0.8%

Shares of TH stock opened at $13.73 on Monday. Target Hospitality has a 12 month low of $5.97 and a 12 month high of $14.13. The business’s 50 day moving average is $8.52 and its two-hundred day moving average is $8.01. The company has a market cap of $1.38 billion, a PE ratio of -36.13 and a beta of 1.12.

Target Hospitality (NASDAQ:TH) last announced its quarterly earnings results on Wednesday, March 11th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.05). Target Hospitality had a negative net margin of 11.58% and a negative return on equity of 8.65%. The company had revenue of $89.78 million for the quarter, compared to analyst estimates of $85.20 million. As a group, equities analysts expect that Target Hospitality will post 0.65 EPS for the current fiscal year.

Insider Buying and Selling at Target Hospitality

In other news, EVP Heidi Diane Lewis sold 9,000 shares of the stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $7.34, for a total value of $66,060.00. Following the completion of the sale, the executive vice president directly owned 131,742 shares of the company’s stock, valued at approximately $966,986.28. This represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 68.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. IFP Advisors Inc lifted its position in Target Hospitality by 88.0% in the third quarter. IFP Advisors Inc now owns 4,002 shares of the company’s stock worth $35,000 after purchasing an additional 1,873 shares during the period. Russell Investments Group Ltd. lifted its position in Target Hospitality by 121.5% in the third quarter. Russell Investments Group Ltd. now owns 4,494 shares of the company’s stock worth $38,000 after purchasing an additional 2,465 shares during the period. State of Alaska Department of Revenue bought a new position in Target Hospitality in the third quarter worth $44,000. Tripletail Wealth Management LLC bought a new position in Target Hospitality in the third quarter worth $55,000. Finally, AdvisorShares Investments LLC lifted its position in Target Hospitality by 17.9% in the fourth quarter. AdvisorShares Investments LLC now owns 11,820 shares of the company’s stock worth $95,000 after purchasing an additional 1,798 shares during the period. 32.40% of the stock is owned by institutional investors.

About Target Hospitality

Target Hospitality is a lodging solutions provider specializing in the ownership and operation of modular workforce housing communities across North America. The company serves large-scale clients in the energy, mining, construction and government sectors that require temporary or long-term accommodations for remote workforces. Its housing portfolio includes suite-style units, single-family cabins and “man-camp” dormitories, designed to match project size, duration and workforce composition.

In addition to lodging, Target Hospitality delivers integrated support services such as on-site dining and culinary management, housekeeping, maintenance, facility management and logistics planning.