Target Hospitality Corp. (NASDAQ:TH) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Target Hospitality Corp. (NASDAQ:TH) have been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $19.3333.

A number of research analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Target Hospitality in a report on Friday, March 27th. Texas Capital upgraded Target Hospitality from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft assumed coverage on Target Hospitality in a report on Monday, June 1st. They set a “hold” rating and a $22.00 target price on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $15.00 target price (up from $11.00) on shares of Target Hospitality in a report on Monday, April 6th. Finally, Oppenheimer upped their target price on Target Hospitality from $18.00 to $21.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TH. 71 West Capital Partners purchased a new position in shares of Target Hospitality during the 4th quarter worth approximately $7,147,000. Vanguard Group Inc. boosted its position in shares of Target Hospitality by 43.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,994,641 shares of the company’s stock worth $16,915,000 after purchasing an additional 600,181 shares in the last quarter. Royce & Associates LP bought a new stake in shares of Target Hospitality in the 4th quarter worth approximately $2,801,000. Dimensional Fund Advisors LP boosted its position in shares of Target Hospitality by 21.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,428,773 shares of the company’s stock worth $13,259,000 after purchasing an additional 252,212 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Target Hospitality by 25.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,051,089 shares of the company’s stock worth $8,913,000 after purchasing an additional 211,634 shares in the last quarter. Hedge funds and other institutional investors own 32.40% of the company’s stock.

Target Hospitality Stock Up 0.9%

Shares of NASDAQ:TH opened at $20.19 on Friday. Target Hospitality has a 1 year low of $5.97 and a 1 year high of $20.83. The stock’s 50-day moving average is $17.14 and its 200 day moving average is $11.66. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $2.02 billion, a PE ratio of -45.89 and a beta of 1.47.

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 analysts’ consensus estimates of ($0.11) by ($0.02). Target Hospitality had a negative return on equity of 11.11% and a negative net margin of 13.47%.The firm had revenue of $72.78 million for the quarter, compared to analysts’ expectations of $73.20 million. Sell-side analysts anticipate that Target Hospitality will post -0.19 EPS for the current year.

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.