Target Hospitality (NASDAQ:TH) Raised to “Outperform” at Oppenheimer

Target Hospitality (NASDAQ:TH) was upgraded by research analysts at Oppenheimer from a “market perform” rating to an “outperform” rating in a research report issued on Tuesday, MarketBeat.com reports. The firm currently has a $11.00 price objective on the stock. Oppenheimer’s price objective points to a potential upside of 20.88% from the stock’s previous close.

TH has been the topic of a number of other research reports. Texas Capital raised Target Hospitality from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. Wall Street Zen cut Target Hospitality from a “hold” rating to a “sell” rating in a research report on Saturday. Stifel Nicolaus set a $11.00 price target on Target Hospitality in a research note on Wednesday, March 11th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Target Hospitality in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $11.00.

Target Hospitality Trading Down 2.3%

Shares of TH opened at $9.10 on Tuesday. The stock has a market capitalization of $908.00 million, a price-to-earnings ratio of -23.95 and a beta of 1.36. Target Hospitality has a 12 month low of $5.52 and a 12 month high of $9.90. The firm has a fifty day simple moving average of $7.59 and a 200 day simple moving average of $7.80.

Target Hospitality (NASDAQ:TH) last issued its quarterly earnings results on Wednesday, March 11th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.05). Target Hospitality had a negative net margin of 11.58% and a negative return on equity of 8.65%. The business had revenue of $89.78 million during the quarter, compared to analyst estimates of $85.20 million. As a group, research analysts predict that Target Hospitality will post 0.65 earnings per share for the current fiscal year.

Insider Activity at Target Hospitality

In other news, EVP Heidi Diane Lewis sold 9,000 shares of the business’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $7.34, for a total transaction of $66,060.00. Following the transaction, the executive vice president directly owned 131,742 shares in the company, valued at $966,986.28. The trade was a 6.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 68.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Target Hospitality

Several hedge funds have recently bought and sold shares of TH. Rubric Capital Management LP grew its holdings in Target Hospitality by 9.5% during the second quarter. Rubric Capital Management LP now owns 2,189,456 shares of the company’s stock worth $15,589,000 after purchasing an additional 189,456 shares during the period. Vanguard Group Inc. lifted its position in shares of Target Hospitality by 43.0% in the third quarter. Vanguard Group Inc. now owns 1,994,641 shares of the company’s stock valued at $16,915,000 after buying an additional 600,181 shares during the last quarter. Cooper Creek Partners Management LLC acquired a new stake in shares of Target Hospitality in the second quarter valued at approximately $8,556,000. Dimensional Fund Advisors LP boosted its stake in shares of Target Hospitality by 17.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,176,561 shares of the company’s stock worth $9,425,000 after acquiring an additional 171,324 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Target Hospitality by 25.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,051,089 shares of the company’s stock worth $8,913,000 after acquiring an additional 211,634 shares during the period. 32.40% of the stock is currently owned by institutional investors and hedge funds.

Target Hospitality Company Profile

Target Hospitality is a lodging solutions provider specializing in the ownership and operation of modular workforce housing communities across North America. The company serves large-scale clients in the energy, mining, construction and government sectors that require temporary or long-term accommodations for remote workforces. Its housing portfolio includes suite-style units, single-family cabins and “man-camp” dormitories, designed to match project size, duration and workforce composition.

In addition to lodging, Target Hospitality delivers integrated support services such as on-site dining and culinary management, housekeeping, maintenance, facility management and logistics planning.