Target Hospitality (NASDAQ:TH) Reaches New 1-Year High – Time to Buy?

Target Hospitality Corp. (NASDAQ:TH)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $19.00 and last traded at $18.91, with a volume of 1091785 shares traded. The stock had previously closed at $18.40.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Target Hospitality in a research report on Friday, March 27th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Target Hospitality in a research report on Monday, June 1st. They set a “hold” rating and a $22.00 target price on the stock. Wall Street Zen upgraded shares of Target Hospitality from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Texas Capital upgraded shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. Finally, Oppenheimer increased their target price on shares of Target Hospitality from $18.00 to $21.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $19.33.

Target Hospitality Price Performance

The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of -42.98 and a beta of 1.47. The company’s 50-day moving average is $16.13 and its 200-day moving average is $10.90.

Target Hospitality (NASDAQ:TH) last posted its quarterly earnings results on Monday, May 11th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.02). The firm had revenue of $72.78 million for the quarter, compared to analyst estimates of $73.20 million. Target Hospitality had a negative return on equity of 11.11% and a negative net margin of 13.47%. Equities research analysts predict that Target Hospitality Corp. will post -0.19 earnings per share for the current year.

Institutional Trading of Target Hospitality

Several large investors have recently made changes to their positions in the company. Deutsche Bank AG boosted its position in shares of Target Hospitality by 4.8% during the 4th quarter. Deutsche Bank AG now owns 33,634 shares of the company’s stock worth $269,000 after acquiring an additional 1,526 shares in the last quarter. AdvisorShares Investments LLC boosted its position in shares of Target Hospitality by 17.9% during the 4th quarter. AdvisorShares Investments LLC now owns 11,820 shares of the company’s stock worth $95,000 after acquiring an additional 1,798 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Target Hospitality by 88.0% during the 3rd quarter. IFP Advisors Inc now owns 4,002 shares of the company’s stock worth $35,000 after acquiring an additional 1,873 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Target Hospitality by 121.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,494 shares of the company’s stock valued at $38,000 after purchasing an additional 2,465 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in Target Hospitality by 6.2% in the 2nd quarter. Rhumbline Advisers now owns 50,373 shares of the company’s stock valued at $359,000 after purchasing an additional 2,947 shares during the last quarter. Institutional investors and hedge funds own 32.40% of the company’s stock.

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.