Stifel Nicolaus Has Lowered Expectations for Target Hospitality (NASDAQ:TH) Stock Price

Target Hospitality (NASDAQ:TH) had its price objective reduced by analysts at Stifel Nicolaus from $10.00 to $5.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price target would indicate a potential downside of 11.50% from the stock’s current price.

A number of other equities analysts also recently weighed in on TH. Oppenheimer reaffirmed a “market perform” rating on shares of Target Hospitality in a research note on Thursday, November 14th. Northland Capmk raised shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 29th. Finally, Northland Securities raised shares of Target Hospitality from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $11.00 to $15.00 in a research report on Wednesday, January 29th.

Target Hospitality Trading Down 3.1 %

NASDAQ TH opened at $5.65 on Wednesday. Target Hospitality has a 1-year low of $4.00 and a 1-year high of $11.84. The company has a market capitalization of $559.02 million, a PE ratio of 6.49, a price-to-earnings-growth ratio of 1.81 and a beta of 2.07. The firm’s fifty day simple moving average is $9.35 and its 200-day simple moving average is $8.94.

Institutional Investors Weigh In On Target Hospitality

A number of hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted 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 acquiring an additional 1,650 shares during the period. Fox Run Management L.L.C. lifted its stake in shares of Target Hospitality by 17.6% in the fourth quarter. Fox Run Management L.L.C. now owns 14,473 shares of the company’s stock valued at $140,000 after buying an additional 2,161 shares during the period. SG Americas Securities LLC lifted its stake in shares of 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 buying an additional 2,262 shares during the period. AdvisorShares Investments LLC lifted its stake in shares of 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 buying an additional 3,000 shares during the period. Finally, AlphaQuest LLC lifted its stake in shares of 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 buying an additional 3,360 shares during the period. 32.40% of the stock is currently owned by institutional investors.

About Target Hospitality

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.