Target Hospitality (NASDAQ:TH) Upgraded by Oppenheimer to “Outperform” Rating

Target Hospitality (NASDAQ:TH) was upgraded by Oppenheimer from a “market perform” rating to an “outperform” rating in a report released on Tuesday, MarketBeat.com reports. The brokerage currently has a $11.00 price objective on the stock. Oppenheimer’s price target would suggest a potential upside of 20.88% from the stock’s previous close.

TH has been the topic of a number of other reports. Weiss Ratings reissued a “sell (d)” rating on shares of Target Hospitality in a research report on Monday, December 29th. Texas Capital upgraded shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. Stifel Nicolaus set a $11.00 price objective on Target Hospitality in a research note on Wednesday, March 11th. Finally, Wall Street Zen lowered Target Hospitality from a “hold” rating to a “sell” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $11.00.

Target Hospitality Price Performance

Shares of NASDAQ:TH opened at $9.10 on Tuesday. The firm’s 50 day simple moving average is $7.59 and its 200 day simple moving average is $7.80. Target Hospitality has a fifty-two week low of $5.52 and a fifty-two week high of $9.90. The company has a market capitalization of $908.00 million, a price-to-earnings ratio of -23.95 and a beta of 1.36.

Target Hospitality (NASDAQ:TH) last issued its quarterly earnings data on Wednesday, March 11th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05). Target Hospitality had a negative net margin of 11.58% and a negative return on equity of 8.65%. The firm had revenue of $89.78 million for the quarter, compared to analyst estimates of $85.20 million. Equities research analysts expect that Target Hospitality will post 0.65 earnings per share for the current year.

Insiders Place Their Bets

In other Target Hospitality news, EVP Heidi Diane Lewis sold 9,000 shares of Target Hospitality stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $7.34, for a total value of $66,060.00. Following the transaction, the executive vice president owned 131,742 shares of the company’s stock, valued at approximately $966,986.28. The trade was a 6.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 68.00% of the company’s stock.

Institutional Investors Weigh In On Target Hospitality

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc raised its stake in shares of Target Hospitality by 88.0% in the 3rd 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 period. Russell Investments Group Ltd. grew its holdings in shares of Target Hospitality by 121.5% during the third quarter. Russell Investments Group Ltd. now owns 4,494 shares of the company’s stock worth $38,000 after buying an additional 2,465 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in Target Hospitality in the 3rd quarter valued at approximately $44,000. Tripletail Wealth Management LLC bought a new stake in Target Hospitality in the 3rd quarter valued at approximately $55,000. Finally, AdvisorShares Investments LLC lifted its stake in 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 acquiring an additional 1,798 shares in the last quarter. 32.40% of the stock is currently owned by institutional investors and hedge funds.

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.