Target Hospitality Corp. (NASDAQ:TH) Stock Now Rated “Buy” by Sell-Side Brokerages

Shares of Target Hospitality Corp. (NASDAQ:TH) have received a consensus rating of “Buy” from the six ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $25.20.

TH has been the subject of several research reports. Weiss Ratings raised shares of Target Hospitality from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Stifel Nicolaus set a $26.00 price objective on shares of Target Hospitality in a report on Thursday, August 27th. Northland Securities set a $25.00 price objective on shares of Target Hospitality in a report on Thursday, August 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Target Hospitality in a research note on Thursday, August 27th. Finally, Oppenheimer lifted their price objective on shares of Target Hospitality from $24.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, September 8th.

Target Hospitality Price Performance

TH stock opened at $18.41 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.65 and a quick ratio of 0.65. The company’s 50-day moving average is $18.49 and its 200-day moving average is $17.05. The stock has a market capitalization of $1.83 billion, a PE ratio of -48.45 and a beta of 1.49. Target Hospitality has a 1 year low of $5.97 and a 1 year high of $21.76.

Target Hospitality (NASDAQ:TH) last announced its quarterly earnings results on Monday, August 10th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.02. The business had revenue of $85.45 million for the quarter, compared to analyst estimates of $79.30 million. Target Hospitality had a negative return on equity of 9.80% and a negative net margin of 10.85%. Equities research analysts expect that Target Hospitality will post -0.04 EPS for the current fiscal year.

Insider Transactions at Target Hospitality

In other Target Hospitality news, CEO James Archer bought 13,385 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were bought at an average price of $18.69 per share, for a total transaction of $250,165.65. Following the acquisition, the chief executive officer directly owned 1,845,441 shares of the company’s stock, valued at approximately $34,491,292.29. The trade was a 0.73% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Troy Schrenk purchased 5,907 shares of the company’s stock in a transaction that occurred on Friday, September 18th. The stock was acquired at an average cost of $21.16 per share, for a total transaction of $124,992.12. Following the transaction, the insider owned 216,995 shares in the company, valued at $4,591,614.20. This represents a 2.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 3.80% of the company’s stock.

Institutional Trading of Target Hospitality

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TH. Quantbot Technologies LP bought a new position in shares of Target Hospitality in the second quarter valued at approximately $27,000. Galaxy Digital Capital Management GP LLC purchased a new position in shares of Target Hospitality during the first quarter valued at approximately $67,000. State of Wyoming bought a new stake in Target Hospitality during the second quarter worth $191,000. Amundi bought a new stake in Target Hospitality during the first quarter worth $101,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Target Hospitality during the second quarter worth $240,000. 32.40% of the stock is owned by institutional investors.

About Target Hospitality

Target Hospitality Corporation (NASDAQ: TH) is a provider of vertically integrated hospitality and support services for organizations operating in remote or workforce-intensive locations. The company develops and operates purpose-built workforce accommodations, commonly known as man camps, and provides related services designed to support employees and other residents at these facilities.

Its services may include lodging, dining and catering, housekeeping, laundry, transportation and logistics, facility management, recreation, and other on-site amenities.