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

Shares of Target Hospitality Corp. (NASDAQ:TH) have been assigned an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $21.25.

Several analysts have commented on TH shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Target Hospitality in a research note on Monday, June 1st. They set a “hold” rating and a $22.00 price objective for the company. Weiss Ratings cut shares of Target Hospitality from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, August 7th. Northland Securities set a $24.00 target price on shares of Target Hospitality in a research report on Tuesday. Finally, Oppenheimer upped their price target on shares of Target Hospitality from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Tuesday, July 14th.

Target Hospitality Trading Up 7.2%

Shares of NASDAQ:TH opened at $17.44 on Friday. Target Hospitality has a 52-week low of $5.97 and a 52-week high of $20.85. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of -45.89 and a beta of 1.49. The company has a quick ratio of 0.85, a current ratio of 0.65 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average price of $17.54 and a 200-day moving average price of $13.86.

Target Hospitality (NASDAQ:TH) last issued its earnings results on Monday, August 10th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.02. Target Hospitality had a negative return on equity of 9.80% and a negative net margin of 10.85%.The firm had revenue of $85.45 million for the quarter, compared to analyst estimates of $79.30 million. Equities analysts predict that Target Hospitality will post -0.19 EPS for the current year.

Institutional Trading of Target Hospitality

A number of hedge funds have recently modified their holdings of TH. Quantbot Technologies LP acquired a new stake in Target Hospitality during the second quarter worth about $27,000. IFP Advisors Inc lifted its holdings in Target Hospitality by 88.0% in the third quarter. IFP Advisors Inc now owns 4,002 shares of the company’s stock valued at $35,000 after acquiring an additional 1,873 shares during the period. Russell Investments Group Ltd. boosted its position in Target Hospitality by 121.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,494 shares of the company’s stock worth $38,000 after purchasing an additional 2,465 shares in the last quarter. Galaxy Digital Capital Management GP LLC acquired a new stake in shares of Target Hospitality during the 1st quarter worth approximately $67,000. Finally, State of Wyoming acquired a new stake in shares of Target Hospitality during the 2nd quarter worth approximately $191,000. Hedge funds and other institutional investors own 32.40% of the company’s stock.

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.