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

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

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

Target Hospitality Price Performance

Shares of Target Hospitality stock opened at $5.65 on Wednesday. The company has a market capitalization of $559.02 million, a PE ratio of 6.49, a P/E/G ratio of 1.81 and a beta of 2.07. Target Hospitality has a 1-year low of $4.00 and a 1-year high of $11.84. The business has a 50-day moving average of $9.35 and a 200-day moving average of $8.94.

Institutional Investors Weigh In On Target Hospitality

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TH. Empyrean Capital Partners LP bought a new stake in Target Hospitality during the fourth quarter worth approximately $9,781,000. Teacher Retirement System of Texas bought a new stake in Target Hospitality during the fourth quarter worth approximately $2,705,000. Shay Capital LLC bought a new stake in Target Hospitality during the fourth quarter worth approximately $2,667,000. Arrowstreet Capital Limited Partnership raised its holdings in Target Hospitality by 32.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,008,702 shares of the company’s stock worth $9,749,000 after purchasing an additional 245,252 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Target Hospitality by 420.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 199,358 shares of the company’s stock worth $1,927,000 after purchasing an additional 161,036 shares in the last quarter. Institutional investors own 32.40% of the company’s stock.

Target Hospitality Company Profile

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.