Shares of Target Hospitality Corp. (NASDAQ:TH – Get Free Report) have been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $25.20.
Several brokerages recently issued reports on TH. Northland Securities set a $25.00 price objective on Target Hospitality in a research note on Thursday, August 27th. Oppenheimer boosted their target price on shares of Target Hospitality from $24.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $23.00 target price on shares of Target Hospitality in a research note on Thursday, August 27th. Morgan Stanley increased their target price on shares of Target Hospitality from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Monday, September 14th. Finally, Weiss Ratings downgraded shares of Target Hospitality from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 23rd.
Get Our Latest Research Report on TH
Insider Transactions at Target Hospitality
In other Target Hospitality news, CEO James Archer acquired 13,385 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was acquired at an average price of $18.69 per share, with a total value of $250,165.65. Following the transaction, the chief executive officer directly owned 1,845,441 shares in the company, valued at approximately $34,491,292.29. This represents a 0.73% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Troy Schrenk acquired 5,907 shares of the company’s stock in a transaction that occurred on Friday, September 18th. The shares were acquired at an average price of $21.16 per share, for a total transaction of $124,992.12. Following the purchase, the insider owned 216,995 shares of the company’s stock, valued at $4,591,614.20. This trade represents a 2.80% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 3.80% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Target Hospitality
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Target Hospitality during the second quarter valued at approximately $64,312,000. Hsbc Holdings PLC bought a new stake in shares of Target Hospitality in the 2nd quarter worth approximately $1,506,000. Bank of America Corp DE bought a new stake in shares of Target Hospitality in the 2nd quarter worth approximately $7,142,000. Bank of New York Mellon Corp bought a new stake in shares of Target Hospitality in the 2nd quarter worth approximately $8,140,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Target Hospitality by 15.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,081,081 shares of the company’s stock worth $10,032,000 after purchasing an additional 147,950 shares during the last quarter. 32.40% of the stock is currently owned by institutional investors and hedge funds.
Target Hospitality Price Performance
Shares of TH opened at $14.11 on Thursday. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of -37.13 and a beta of 1.49. The stock has a 50 day moving average of $18.19 and a 200-day moving average of $14.64. 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 52 week low of $5.97 and a 52 week high of $21.76.
Target Hospitality (NASDAQ:TH – Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.02. The business had revenue of $85.45 million during the quarter, compared to the consensus estimate of $79.30 million. Target Hospitality had a negative return on equity of 9.80% and a negative net margin of 10.85%. As a group, analysts forecast that Target Hospitality will post -0.04 EPS for the current year.
Target Hospitality Company Profile
Target Hospitality Corp. (NASDAQ: TH) provides specialty rental and hospitality services for organizations that require temporary or long-term workforce housing. The company develops and operates workforce accommodation communities and related facilities, offering an integrated alternative to traditional hotels or permanent housing in locations where lodging infrastructure is limited.
Its services generally include furnished lodging, food services, housekeeping, laundry, transportation, maintenance, recreation and other facility-management support.
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