Target Hospitality Corp. (NASDAQ:TH) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Target Hospitality Corp. (NASDAQ:TH) have received an average rating of “Moderate Buy” from the five analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $19.3333.

A number of research firms recently commented on TH. Stifel Nicolaus reaffirmed a “buy” rating and issued a $15.00 price objective (up from $11.00) on shares of Target Hospitality in a research note on Monday, April 6th. Oppenheimer increased their target price on shares of Target Hospitality from $18.00 to $21.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Weiss Ratings restated a “sell (d)” rating on shares of Target Hospitality in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Target Hospitality in a research report on Monday, June 1st. They issued a “hold” rating and a $22.00 price target on the stock. Finally, Wall Street Zen upgraded shares of Target Hospitality from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th.

Institutional Trading of Target Hospitality

A number of institutional investors have recently bought and sold shares of TH. IFP Advisors Inc raised its position in shares of Target Hospitality by 88.0% in 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 shares of 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 period. Galaxy Digital Capital Management GP LLC acquired a new stake in Target Hospitality during the first quarter worth approximately $67,000. Tripletail Wealth Management LLC grew its stake in Target Hospitality by 62.2% during the fourth quarter. Tripletail Wealth Management LLC now owns 11,630 shares of the company’s stock worth $93,000 after purchasing an additional 4,460 shares during the period. Finally, AdvisorShares Investments LLC increased its holdings in Target Hospitality by 17.9% in the fourth quarter. AdvisorShares Investments LLC now owns 11,820 shares of the company’s stock worth $95,000 after purchasing an additional 1,798 shares in the last quarter. Institutional investors own 32.40% of the company’s stock.

Target Hospitality Stock Down 6.4%

Shares of NASDAQ:TH opened at $18.47 on Friday. The firm has a market cap of $1.85 billion, a P/E ratio of -41.98 and a beta of 1.45. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.08. Target Hospitality has a 12-month low of $5.97 and a 12-month high of $20.85. The business has a fifty day simple moving average of $17.61 and a 200 day simple moving average of $12.06.

Target Hospitality (NASDAQ:TH) last announced its earnings results on Monday, May 11th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.02). The company 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%. Analysts predict that Target Hospitality will post -0.19 earnings per share for the current year.

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.