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

Shares of Target Hospitality Corp. (NASDAQ:TH) have earned an average recommendation of “Moderate Buy” from the five ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $20.3333.

TH has been the topic of several research analyst reports. Stifel Nicolaus reissued a “buy” rating and issued a $15.00 price target (up from $11.00) on shares of Target Hospitality in a report on Monday, April 6th. Oppenheimer upped their target price on Target Hospitality from $21.00 to $24.00 and gave the company an “outperform” rating in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft began coverage on Target Hospitality in a research note on Monday, June 1st. They set a “hold” rating and a $22.00 target price on the stock. Weiss Ratings raised Target Hospitality from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday. Finally, Wall Street Zen upgraded Target Hospitality from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th.

Hedge Funds Weigh In On Target Hospitality

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TH. Deutsche Bank AG lifted its stake in Target Hospitality by 4.8% during the fourth quarter. Deutsche Bank AG now owns 33,634 shares of the company’s stock worth $269,000 after purchasing an additional 1,526 shares during the last quarter. AdvisorShares Investments LLC boosted its holdings in shares of Target Hospitality by 17.9% in the 4th quarter. AdvisorShares Investments LLC now owns 11,820 shares of the company’s stock valued at $95,000 after purchasing an additional 1,798 shares in the last quarter. IFP Advisors Inc increased its stake 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 valued at $35,000 after purchasing an additional 1,873 shares during the last quarter. Russell Investments Group Ltd. increased 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 last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Target Hospitality by 6.2% during the 2nd quarter. Rhumbline Advisers now owns 50,373 shares of the company’s stock worth $359,000 after buying an additional 2,947 shares in the last quarter. 32.40% of the stock is owned by institutional investors and hedge funds.

Target Hospitality Stock Performance

TH opened at $16.10 on Tuesday. The business’s 50-day simple moving average is $18.03 and its 200 day simple moving average is $13.12. Target Hospitality has a 52-week low of $5.97 and a 52-week high of $20.85. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $1.61 billion, a PE ratio of -36.59 and a beta of 1.46.

Target Hospitality (NASDAQ:TH) last issued its earnings results on Monday, May 11th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates 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%. As a group, sell-side analysts expect that Target Hospitality will post -0.19 earnings per share for the current fiscal 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.