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

Shares of Target Hospitality Corp. (NASDAQ:TH) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $25.20.

TH has been the subject of a number of recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating and set a $25.00 price target on shares of Target Hospitality in a report on Monday. Stifel Nicolaus set a $26.00 price objective on shares of Target Hospitality in a research note on Thursday, August 27th. Oppenheimer boosted their price objective on shares of Target Hospitality from $24.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $23.00 target price on shares of Target Hospitality in a research note on Thursday, August 27th. Finally, Northland Securities set a $25.00 target price on Target Hospitality in a report on Thursday, August 27th.

Institutional Trading of Target Hospitality

A number of hedge funds have recently added to or reduced their stakes in TH. Quantbot Technologies LP acquired a new position in shares of Target Hospitality during the second quarter worth $27,000. IFP Advisors Inc raised its position 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 purchasing an additional 1,873 shares during the last quarter. Russell Investments Group Ltd. raised its position in Target Hospitality by 121.5% in the third 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. Galaxy Digital Capital Management GP LLC acquired a new stake in shares of Target Hospitality during the first quarter valued at about $67,000. Finally, Tripletail Wealth Management LLC boosted its stake in shares of Target Hospitality by 62.2% during the fourth quarter. Tripletail Wealth Management LLC now owns 11,630 shares of the company’s stock valued at $93,000 after purchasing an additional 4,460 shares in the last quarter. Institutional investors and hedge funds own 32.40% of the company’s stock.

Target Hospitality Price Performance

Shares of NASDAQ TH opened at $19.25 on Wednesday. The firm has a market cap of $1.92 billion, a P/E ratio of -50.66 and a beta of 1.51. The business’s 50 day moving average is $17.25 and its 200-day moving average is $15.51. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.11. Target Hospitality has a 1-year low of $5.97 and a 1-year high of $20.85.

Target Hospitality (NASDAQ:TH) last announced its earnings results on Monday, August 10th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.02. The company had revenue of $85.45 million for the quarter, compared to analysts’ expectations of $79.30 million. Target Hospitality had a negative net margin of 10.85% and a negative return on equity of 9.80%. Equities research analysts predict that Target Hospitality will post -0.05 earnings per share for the current year.

About Target Hospitality

Target Hospitality Corp. (NASDAQ: TH) provides specialty hospitality and workforce accommodation services in North America. The company supports organizations that require temporary or long-term housing and related services in remote, industrial, government, and other challenging operating environments.

Its offerings include modular and prefabricated accommodations, lodging management, food and catering services, housekeeping, maintenance, transportation, security, and other on-site support.