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

Target Hospitality Corp. (NASDAQ:TH) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $25.20.

A number of brokerages recently commented on TH. Stifel Nicolaus set a $26.00 target price on shares of Target Hospitality in a research note on Thursday, August 27th. Northland Securities set a $25.00 price target on Target Hospitality in a research note on Thursday, August 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $23.00 price objective on shares of Target Hospitality in a research report on Thursday, August 27th. Oppenheimer increased their price objective on Target Hospitality from $24.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, September 8th. Finally, Weiss Ratings raised Target Hospitality from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 21st.

Target Hospitality Stock Up 1.1%

TH stock opened at $18.75 on Wednesday. The company’s 50 day moving average price is $17.28 and its 200 day moving average price is $15.67. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of -49.34 and a beta of 1.51. Target Hospitality has a fifty-two week low of $5.97 and a fifty-two week high of $20.85. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.65 and a current ratio of 0.65.

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

Institutional Investors Weigh In On Target Hospitality

A number of institutional investors and hedge funds have recently bought and sold shares of TH. Quantbot Technologies LP purchased a new position in shares of Target Hospitality during the second quarter worth about $27,000. Galaxy Digital Capital Management GP LLC purchased a new stake in shares of Target Hospitality in the 1st quarter valued at about $67,000. AdvisorShares Investments LLC boosted its position in shares of Target Hospitality by 17.9% in the 4th quarter. AdvisorShares Investments LLC now owns 11,820 shares of the company’s stock valued at $95,000 after purchasing an additional 1,798 shares during the period. Amundi acquired a new stake in shares of Target Hospitality in the 1st quarter valued at about $101,000. Finally, Clear Harbor Asset Management LLC purchased a new position in Target Hospitality during the 4th quarter worth approximately $112,000. 32.40% of the stock is owned by hedge funds and other institutional investors.

Target Hospitality Company Profile

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.