Target Hospitality (NASDAQ:TH) PT Lowered to $10.00 at Oppenheimer

Target Hospitality (NASDAQ:TH) had its price objective decreased by Oppenheimer from $12.00 to $10.00 in a research note released on Monday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Other analysts have also issued reports about the stock. TheStreet lowered shares of Target Hospitality from a b rating to a c+ rating in a research note on Monday, January 22nd. Stifel Nicolaus lowered their price target on shares of Target Hospitality from $14.00 to $13.00 and set a buy rating on the stock in a report on Thursday, March 14th.

Target Hospitality Trading Up 0.5 %

NASDAQ:TH opened at $10.96 on Monday. The company has a 50-day moving average price of $9.37 and a 200-day moving average price of $11.27. Target Hospitality has a 12 month low of $8.49 and a 12 month high of $16.80. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.47. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 7.12, a P/E/G ratio of 1.25 and a beta of 2.08.

Target Hospitality (NASDAQ:TH) last issued its quarterly earnings results on Wednesday, March 13th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. Target Hospitality had a net margin of 29.53% and a return on equity of 53.91%. The company had revenue of $126.20 million during the quarter, compared to analysts’ expectations of $118.00 million. During the same period last year, the company posted $0.31 EPS. Target Hospitality’s revenue was down 17.2% on a year-over-year basis. Equities analysts predict that Target Hospitality will post 0.59 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TH. Great West Life Assurance Co. Can grew its holdings in Target Hospitality by 110.1% during the 2nd quarter. Great West Life Assurance Co. Can now owns 1,910 shares of the company’s stock worth $26,000 after acquiring an additional 1,001 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Target Hospitality during the 2nd quarter worth about $29,000. Naples Money Management LLC purchased a new stake in shares of Target Hospitality during the fourth quarter valued at about $32,000. FMR LLC lifted its position in shares of Target Hospitality by 161.2% during the third quarter. FMR LLC now owns 2,406 shares of the company’s stock valued at $38,000 after buying an additional 1,485 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of Target Hospitality during the first quarter valued at about $41,000. 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.