Target Hospitality Corp. (NYSE:TH) – Analysts at Oppenheimer lowered their Q1 2020 earnings per share estimates for Target Hospitality in a research report issued to clients and investors on Sunday, March 22nd. Oppenheimer analyst S. Schneeberger now expects that the company will earn $0.05 per share for the quarter, down from their prior estimate of $0.07.

Target Hospitality (NYSE:TH) last issued its quarterly earnings data on Wednesday, March 11th. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.01). The company had revenue of $76.11 million during the quarter, compared to the consensus estimate of $76.39 million.

Several other analysts have also commented on TH. National Bank Financial cut their price objective on Target Hospitality from $7.00 to $6.00 and set a “sector perform” rating for the company in a report on Saturday, December 21st. Credit Suisse Group cut their price objective on Target Hospitality from $5.50 to $4.25 and set an “outperform” rating for the company in a report on Thursday, March 12th. Stifel Nicolaus lowered Target Hospitality from a “buy” rating to a “hold” rating and cut their price objective for the stock from $11.00 to $4.00 in a report on Tuesday, March 10th. Deutsche Bank lowered Target Hospitality from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, Zacks Investment Research lowered Target Hospitality from a “hold” rating to a “sell” rating in a report on Friday, March 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $8.88.

Shares of TH opened at $1.80 on Tuesday. Target Hospitality has a one year low of $1.19 and a one year high of $11.70. The business has a fifty day moving average of $3.95 and a 200 day moving average of $5.10.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System lifted its position in shares of Target Hospitality by 5.3% in the third quarter. California State Teachers Retirement System now owns 53,543 shares of the company’s stock valued at $365,000 after acquiring an additional 2,698 shares in the last quarter. State Street Corp lifted its position in shares of Target Hospitality by 52.7% in the third quarter. State Street Corp now owns 570,838 shares of the company’s stock valued at $3,887,000 after acquiring an additional 197,097 shares in the last quarter. State of Michigan Retirement System purchased a new position in shares of Target Hospitality in the fourth quarter valued at about $200,000. Private Capital Management LLC lifted its position in shares of Target Hospitality by 27.3% in the third quarter. Private Capital Management LLC now owns 2,431,847 shares of the company’s stock valued at $16,561,000 after acquiring an additional 521,033 shares in the last quarter. Finally, California Public Employees Retirement System purchased a new position in shares of Target Hospitality in the third quarter valued at about $70,000.

In related news, Director Andrew P. Studdert bought 45,653 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were bought at an average cost of $1.64 per share, for a total transaction of $74,870.92. Following the completion of the transaction, the director now owns 115,653 shares of the company’s stock, valued at $189,670.92. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

About Target Hospitality

Target Hospitality Corp., through its subsidiaries, provides specialty rental accommodations with catering and value-added hospitality services in the United States. The company was formerly known as Platinum Eagle Acquisition Corp. and changed its name to Target Hospitality Corp. in March 2019. The company is headquartered in The Woodlands, Texas.

Featured Article: Differences Between Momentum Investing and Long Term Investing

Receive News & Ratings for Target Hospitality Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target Hospitality and related companies with MarketBeat.com's FREE daily email newsletter.