Target Hospitality (NASDAQ:TH) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Target Hospitality (NASDAQ:TH) from a sell rating to a hold rating in a research report sent to investors on Sunday morning.

Separately, Stifel Nicolaus upgraded Target Hospitality from a “hold” rating to a “buy” rating and upped their price target for the stock from $7.50 to $11.00 in a research note on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Target Hospitality has a consensus rating of “Buy” and an average target price of $13.00.

Target Hospitality Stock Performance

Shares of NASDAQ TH opened at $8.64 on Friday. The business’s 50-day moving average price is $8.32 and its two-hundred day moving average price is $7.37. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.47 and a quick ratio of 1.47. Target Hospitality has a one year low of $4.00 and a one year high of $11.10. The company has a market capitalization of $862.10 million, a P/E ratio of 86.40 and a beta of 2.00.

Target Hospitality (NASDAQ:TH) last issued its earnings results on Thursday, August 7th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04). The firm had revenue of $61.61 million during the quarter, compared to analysts’ expectations of $56.43 million. Target Hospitality had a net margin of 3.58% and a return on equity of 3.26%. Target Hospitality has set its FY 2025 guidance at EPS. Analysts anticipate that Target Hospitality will post 0.65 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Troy C. Schrenk sold 49,344 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $8.58, for a total transaction of $423,371.52. Following the completion of the sale, the executive vice president owned 174,553 shares in the company, valued at $1,497,664.74. This represents a 22.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 68.00% of the company’s stock.

Institutional Trading of Target Hospitality

Several hedge funds have recently added to or reduced their stakes in TH. SummerHaven Investment Management LLC lifted its position in shares of Target Hospitality by 1.7% in the 1st quarter. SummerHaven Investment Management LLC now owns 89,337 shares of the company’s stock worth $588,000 after acquiring an additional 1,493 shares during the period. Rhumbline Advisers lifted its position in shares of Target Hospitality by 3.3% in the 1st quarter. Rhumbline Advisers now owns 47,426 shares of the company’s stock worth $312,000 after acquiring an additional 1,515 shares during the period. Inspire Investing LLC lifted its position in shares of Target Hospitality by 3.7% in the 2nd quarter. Inspire Investing LLC now owns 54,191 shares of the company’s stock worth $386,000 after acquiring an additional 1,951 shares during the period. Deutsche Bank AG lifted its position in shares of Target Hospitality by 7.1% during the 1st quarter. Deutsche Bank AG now owns 41,403 shares of the company’s stock worth $272,000 after buying an additional 2,741 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Target Hospitality by 1.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 280,627 shares of the company’s stock worth $1,847,000 after buying an additional 3,070 shares during the period. Institutional investors own 32.40% of the company’s stock.

Target Hospitality Company Profile

Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America. The company operates through two segments, Hospitality & Facilities Services – South and Government. It owns a network of specialty rental accommodation units. In addition, the company provides catering and food, maintenance, housekeeping, grounds-keeping, security, health and recreation facilities, workforce community management, concierge, and laundry services.