Stifel Nicolaus Lowers Target Hospitality (NASDAQ:TH) Price Target to $5.00

Target Hospitality (NASDAQ:TH) had its target price dropped by stock analysts at Stifel Nicolaus from $10.00 to $5.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ target price would suggest a potential downside of 7.66% from the company’s current price.

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

Target Hospitality Stock Down 0.6 %

NASDAQ:TH opened at $5.42 on Wednesday. The firm has a 50 day moving average of $9.50 and a 200 day moving average of $8.98. Target Hospitality has a 52 week low of $4.00 and a 52 week high of $11.84. The stock has a market capitalization of $535.77 million, a price-to-earnings ratio of 6.22, a PEG ratio of 1.81 and a beta of 2.07.

Institutional Trading of Target Hospitality

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in shares of Target Hospitality by 28.7% in 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 last quarter. HighTower Advisors LLC raised its position in Target Hospitality by 10.1% during the 3rd quarter. HighTower Advisors LLC now owns 1,466,356 shares of the company’s stock worth $11,408,000 after buying an additional 134,966 shares during the last quarter. Geode Capital Management LLC lifted its stake in Target Hospitality by 9.3% during the 3rd quarter. Geode Capital Management LLC now owns 855,069 shares of the company’s stock valued at $6,654,000 after acquiring an additional 72,579 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Target Hospitality by 48.5% in the 3rd quarter. Victory Capital Management Inc. now owns 37,504 shares of the company’s stock valued at $292,000 after acquiring an additional 12,242 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake 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 worth $651,000 after acquiring an additional 50,758 shares during the period. Institutional investors and hedge funds own 32.40% 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 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.