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

Target Hospitality Corp. (NASDAQ:TH) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat.com reports. One research 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 12 month target price among brokers that have updated their coverage on the stock in the last year is $24.60.

TH has been the subject of a number of recent analyst reports. Morgan Stanley assumed coverage on shares of Target Hospitality in a research report on Monday, August 17th. They set an “overweight” rating and a $22.00 price target for the company. Weiss Ratings upgraded Target Hospitality from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 21st. Northland Securities set a $25.00 price objective on Target Hospitality in a research note on Thursday, August 27th. Stifel Nicolaus set a $26.00 target price on Target Hospitality in a research report on Thursday, August 27th. Finally, Oppenheimer raised their price target on Target Hospitality from $24.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday.

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 Target Hospitality in the 2nd quarter worth approximately $27,000. IFP Advisors Inc raised its position in shares of Target Hospitality by 88.0% during the 3rd quarter. IFP Advisors Inc now owns 4,002 shares of the company’s stock valued at $35,000 after buying an additional 1,873 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Target Hospitality by 121.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,494 shares of the company’s stock valued at $38,000 after buying an additional 2,465 shares in the last quarter. Galaxy Digital Capital Management GP LLC bought a new stake in shares of Target Hospitality during the 1st quarter worth $67,000. Finally, State of Wyoming bought a new stake in shares of Target Hospitality during the 2nd quarter worth $191,000. 32.40% of the stock is owned by hedge funds and other institutional investors.

Target Hospitality Stock Up 3.7%

Shares of NASDAQ TH opened at $20.25 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.11. The company has a market cap of $2.02 billion, a P/E ratio of -53.29 and a beta of 1.51. Target Hospitality has a 52 week low of $5.97 and a 52 week high of $20.85. The business has a 50-day simple moving average of $17.23 and a two-hundred day simple moving average of $15.25.

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 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 firm had revenue of $85.45 million for the quarter, compared to the consensus estimate of $79.30 million. Research analysts anticipate that Target Hospitality will post -0.08 earnings per share for the current fiscal year.

About Target Hospitality

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.