Target Hospitality Corp. (NASDAQ:TH) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Target Hospitality Corp. (NASDAQ:TH) has been given an average rating of “Moderate Buy” by the five ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $18.00.

Several equities research analysts have recently weighed in on the company. Texas Capital raised Target Hospitality from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Target Hospitality in a research note on Friday, March 27th. Wall Street Zen raised shares of Target Hospitality from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Deutsche Bank Aktiengesellschaft started coverage on shares of Target Hospitality in a research report on Monday. They issued a “hold” rating for the company. Finally, Oppenheimer boosted their price objective on Target Hospitality from $18.00 to $21.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th.

Institutional Trading of Target Hospitality

A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE increased its stake in Target Hospitality by 340.9% in the 1st quarter. Bank of America Corp DE now owns 131,198 shares of the company’s stock valued at $1,218,000 after buying an additional 101,440 shares during the period. Amundi acquired a new position in shares of Target Hospitality in the first quarter worth $101,000. Galaxy Digital Capital Management GP LLC purchased a new stake in shares of Target Hospitality during the first quarter worth $67,000. Renaissance Technologies LLC boosted its position in Target Hospitality by 4.5% during the first quarter. Renaissance Technologies LLC now owns 951,302 shares of the company’s stock valued at $8,828,000 after purchasing an additional 40,878 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Target Hospitality by 15.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,081,081 shares of the company’s stock valued at $10,032,000 after purchasing an additional 147,950 shares in the last quarter. 32.40% of the stock is owned by hedge funds and other institutional investors.

Target Hospitality Stock Performance

Shares of TH opened at $17.36 on Monday. The stock has a market capitalization of $1.74 billion, a P/E ratio of -39.45 and a beta of 1.47. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.85 and a current ratio of 0.85. Target Hospitality has a 1 year low of $5.97 and a 1 year high of $18.93. The company’s fifty day moving average is $14.66 and its two-hundred day moving average is $10.16.

Target Hospitality (NASDAQ:TH) last posted its earnings results on Monday, May 11th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.02). The business had revenue of $72.78 million for the quarter, compared to analysts’ expectations of $73.20 million. Target Hospitality had a negative net margin of 13.47% and a negative return on equity of 11.11%. On average, sell-side analysts predict that Target Hospitality will post -0.18 earnings per share for the current year.

About Target Hospitality

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.