Target Hospitality Corp. (NASDAQ:TH) Stock Has Consensus Price Target of $25.20

Shares of Target Hospitality Corp. (NASDAQ:TH) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $25.20.

Several equities analysts have recently issued reports on the company. Northland Securities set a $25.00 price objective on Target Hospitality in a research note on Thursday, August 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $23.00 target price on shares of Target Hospitality in a research note on Thursday, August 27th. Stifel Nicolaus set a $26.00 target price on shares of Target Hospitality in a report on Thursday, August 27th. Oppenheimer boosted their price target on shares of Target Hospitality from $24.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, September 8th. Finally, Morgan Stanley increased their price objective on shares of Target Hospitality from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday, September 14th.

Target Hospitality Stock Performance

NASDAQ:TH opened at $18.54 on Friday. Target Hospitality has a 52 week low of $5.97 and a 52 week high of $21.76. The company has a fifty day simple moving average of $18.27 and a two-hundred day simple moving average of $16.91. 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 $1.85 billion, a price-to-earnings ratio of -48.79 and a beta of 1.49.

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

Insider Buying and Selling at Target Hospitality

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TH. Quantbot Technologies LP acquired a new stake in shares of Target Hospitality during the 2nd quarter worth about $27,000. Galaxy Digital Capital Management GP LLC acquired a new position in Target Hospitality in the first quarter valued at approximately $67,000. Amundi purchased a new position in Target Hospitality in the first quarter valued at approximately $101,000. State of Wyoming purchased a new position in Target Hospitality in the second quarter valued at approximately $191,000. Finally, Bleakley Financial Group LLC acquired a new stake in Target Hospitality during the first quarter worth approximately $232,000. Hedge funds and other institutional investors own 32.40% of the company’s stock.

Target Hospitality Company Profile

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.