Stifel Nicolaus Issues Pessimistic Forecast for Target Hospitality (NASDAQ:TH) Stock Price

Target Hospitality (NASDAQ:TH) had its price objective reduced by stock 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’ target price would suggest a potential downside of 7.66% from the company’s current price.

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

Target Hospitality Trading Down 0.6 %

Shares of TH stock opened at $5.42 on Wednesday. Target Hospitality has a 12-month low of $4.00 and a 12-month high of $11.84. The business’s 50 day moving average is $9.50 and its two-hundred day moving average is $8.98. The company has a market capitalization of $535.77 million, a P/E ratio of 6.22, a P/E/G ratio of 1.81 and a beta of 2.07.

Hedge Funds Weigh In On Target Hospitality

A number of hedge funds and other institutional investors have recently bought and sold shares of TH. AlphaQuest LLC lifted its position in shares of Target Hospitality by 275.9% during the fourth quarter. AlphaQuest LLC now owns 4,578 shares of the company’s stock worth $44,000 after purchasing an additional 3,360 shares in the last quarter. Intech Investment Management LLC purchased a new stake in Target Hospitality during the 3rd quarter worth approximately $87,000. Maridea Wealth Management LLC purchased a new stake in Target Hospitality during the 4th quarter worth approximately $103,000. Two Sigma Advisers LP acquired a new stake in Target Hospitality during the 4th quarter worth approximately $105,000. Finally, XTX Topco Ltd purchased a new position in Target Hospitality in the 4th quarter valued at approximately $113,000. 32.40% of the stock is currently owned by hedge funds and other 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.