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

Target Hospitality (NASDAQ:TH)‘s stock had its “buy” rating reissued by stock analysts at Stifel Nicolaus in a note issued to investors on Tuesday,Benzinga reports. They currently have a $11.00 price objective on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 33.82% from the company’s previous close.

TH has been the topic of a number of other research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Target Hospitality in a research report on Monday, December 22nd. Wall Street Zen raised Target Hospitality from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.00.

Target Hospitality Price Performance

TH traded down $0.18 during trading on Tuesday, reaching $8.22. 126,713 shares of the company were exchanged, compared to its average volume of 540,072. Target Hospitality has a 12-month low of $4.00 and a 12-month high of $11.10. The company’s 50-day moving average is $7.60 and its two-hundred day moving average is $7.85. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.01. The company has a market cap of $820.19 million, a price-to-earnings ratio of -74.72 and a beta of 1.32.

Target Hospitality (NASDAQ:TH) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $99.36 million for the quarter, compared to the consensus estimate of $85.30 million. Target Hospitality had a negative net margin of 3.08% and a negative return on equity of 1.78%. Research analysts forecast that Target Hospitality will post 0.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Target Hospitality

In other news, Director Stephen Robertson purchased 145,000 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was purchased at an average cost of $6.85 per share, with a total value of $993,250.00. Following the purchase, the director owned 320,000 shares in the company, valued at approximately $2,192,000. This trade represents a 82.86% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Heidi Diane Lewis sold 13,456 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $8.50, for a total transaction of $114,376.00. Following the completion of the sale, the executive vice president directly owned 140,742 shares in the company, valued at $1,196,307. This trade represents a 8.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 31,456 shares of company stock valued at $238,486 over the last ninety days. 68.00% of the stock is owned by insiders.

Institutional Trading of Target Hospitality

Institutional investors and hedge funds have recently modified their holdings of the stock. Rubric Capital Management LP lifted its holdings in shares of Target Hospitality by 9.5% in the 2nd quarter. Rubric Capital Management LP now owns 2,189,456 shares of the company’s stock worth $15,589,000 after buying an additional 189,456 shares during the period. Vanguard Group Inc. lifted its stake in Target Hospitality by 43.0% in the third quarter. Vanguard Group Inc. now owns 1,994,641 shares of the company’s stock worth $16,915,000 after acquiring an additional 600,181 shares during the period. Appian Way Asset Management LP bought a new position in Target Hospitality during the 1st quarter worth about $11,872,000. Philadelphia Financial Management of San Francisco LLC purchased a new position in Target Hospitality during the 1st quarter valued at about $11,441,000. Finally, Cooper Creek Partners Management LLC bought a new stake in shares of Target Hospitality in the 2nd quarter valued at about $8,556,000. Institutional investors own 32.40% of the company’s stock.

Target Hospitality Company Profile

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.