Target Hospitality (NASDAQ:TH) Sets New 12-Month High – Should You Buy?

Shares of Target Hospitality Corp. (NASDAQ:TH) reached a new 52-week high on Monday . The stock traded as high as $19.00 and last traded at $18.91, with a volume of 1091785 shares traded. The stock had previously closed at $18.40.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wall Street Zen raised Target Hospitality from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Oppenheimer lifted their price objective on Target Hospitality from $18.00 to $21.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Target Hospitality in a research report on Friday, March 27th. Stifel Nicolaus reissued a “buy” rating and issued a $15.00 price objective (up from $11.00) on shares of Target Hospitality in a research report on Monday, April 6th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Target Hospitality in a research report on Monday, June 1st. They issued a “hold” rating and a $22.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Target Hospitality presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.33.

Target Hospitality Price Performance

The firm has a market cap of $1.94 billion, a price-to-earnings ratio of -44.05 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. The business has a 50 day simple moving average of $16.44 and a 200-day simple moving average of $11.14.

Target Hospitality (NASDAQ:TH) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 13.47% and a negative return on equity of 11.11%. Equities research analysts expect that Target Hospitality Corp. will post -0.19 earnings per share for the current year.

Hedge Funds Weigh In On Target Hospitality

A number of hedge funds have recently added to or reduced their stakes in TH. Royal Bank of Canada boosted its stake in Target Hospitality by 3,549.2% during the 1st quarter. Royal Bank of Canada now owns 43,863 shares of the company’s stock valued at $289,000 after purchasing an additional 42,661 shares during the last quarter. AQR Capital Management LLC acquired a new position in Target Hospitality during the 1st quarter valued at about $114,000. Goldman Sachs Group Inc. boosted its stake in Target Hospitality by 104.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 280,288 shares of the company’s stock valued at $1,844,000 after purchasing an additional 143,505 shares during the last quarter. Empowered Funds LLC acquired a new position in Target Hospitality during the 1st quarter valued at about $660,000. Finally, Strs Ohio acquired a new position in Target Hospitality during the 1st quarter valued at about $131,000. Institutional investors and hedge funds own 32.40% of the company’s stock.

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.