Target Hospitality Corp. (NYSE:TH) – Investment analysts at Oppenheimer reduced their Q3 2019 earnings estimates for shares of Target Hospitality in a research report issued to clients and investors on Wednesday, August 14th. Oppenheimer analyst S. Schneeberger now expects that the company will post earnings of $0.14 per share for the quarter, down from their previous estimate of $0.17. Oppenheimer currently has a “Outperform” rating and a $13.00 target price on the stock. Oppenheimer also issued estimates for Target Hospitality’s Q4 2019 earnings at $0.21 EPS and FY2020 earnings at $0.80 EPS.

Target Hospitality (NYSE:TH) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.01). The business had revenue of $81.36 million during the quarter, compared to analysts’ expectations of $82.58 million.

Other equities analysts have also recently issued research reports about the stock. Credit Suisse Group began coverage on shares of Target Hospitality in a research report on Thursday, May 23rd. They set an “outperform” rating and a $13.00 price objective on the stock. National Bank of Canada reissued a “sector perform” rating on shares of Target Hospitality in a research report on Friday, July 12th. Deutsche Bank began coverage on shares of Target Hospitality in a research report on Tuesday, May 21st. They set a “buy” rating and a $14.00 price objective on the stock. Northland Securities set a $14.00 price objective on shares of Target Hospitality and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Finally, Stifel Nicolaus began coverage on shares of Target Hospitality in a research report on Wednesday, May 15th. They set a “buy” rating and a $10.59 price objective on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $12.92.

Shares of Target Hospitality stock opened at $6.65 on Monday. The stock’s 50-day simple moving average is $8.41. Target Hospitality has a 1-year low of $5.65 and a 1-year high of $12.11.

In other Target Hospitality news, Director Eli Baker purchased 7,500 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were acquired at an average price of $6.85 per share, with a total value of $51,375.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jeffrey Sagansky purchased 55,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was acquired at an average cost of $6.93 per share, for a total transaction of $381,150.00. The disclosure for this purchase can be found here.

A number of hedge funds and other institutional investors have recently made changes to their positions in TH. Private Capital Management LLC acquired a new position in shares of Target Hospitality in the 1st quarter valued at about $9,646,000. Mint Tower Capital Management B.V. acquired a new position in shares of Target Hospitality in the 1st quarter valued at about $1,202,000. Mesirow Financial Investment Management Inc. lifted its stake in shares of Target Hospitality by 107.2% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 71,603 shares of the company’s stock valued at $675,000 after purchasing an additional 37,039 shares during the period. Strs Ohio acquired a new position in shares of Target Hospitality in the 2nd quarter valued at about $80,000. Finally, Creative Planning acquired a new position in shares of Target Hospitality in the 2nd quarter valued at about $138,000.

Target Hospitality Company Profile

Target Hospitality Corp., through its subsidiaries, provides specialty rental accommodations with catering and value-added hospitality services in the United States. The company was formerly known as Platinum Eagle Acquisition Corp. and changed its name to Target Hospitality Corp. in March 2019. The company is headquartered in The Woodlands, Texas.

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