Brokerages Set Target Hospitality Corp. (NASDAQ:TH) PT at $18.00

Target Hospitality Corp. (NASDAQ:TH) has received a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $19.3333.

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $15.00 price target (up from $11.00) on shares of Target Hospitality in a research report on Monday, April 6th. Oppenheimer lifted their price target on shares of Target Hospitality from $18.00 to $21.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Target Hospitality in a research report on Friday, March 27th. Texas Capital upgraded shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. Finally, Wall Street Zen upgraded shares of Target Hospitality from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th.

Target Hospitality Price Performance

NASDAQ:TH opened at $16.11 on Monday. Target Hospitality has a 52 week low of $5.97 and a 52 week high of $18.93. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $1.61 billion, a P/E ratio of -36.61 and a beta of 1.47. The stock’s fifty day moving average is $15.41 and its two-hundred day moving average is $10.53.

Target Hospitality (NASDAQ:TH) last posted its earnings results on Monday, May 11th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). Target Hospitality had a negative net margin of 13.47% and a negative return on equity of 11.11%. The business had revenue of $72.78 million during the quarter, compared to analysts’ expectations of $73.20 million. Equities analysts expect that Target Hospitality will post -0.19 EPS for the current year.

Institutional Investors Weigh In On Target Hospitality

Institutional investors and hedge funds have recently modified their holdings of the company. Capelight Capital Asset Management LP acquired a new position in shares of Target Hospitality during the fourth quarter worth about $481,000. Tudor Investment Corp ET AL grew its position in shares of Target Hospitality by 29.4% during the third quarter. Tudor Investment Corp ET AL now owns 291,903 shares of the company’s stock worth $2,475,000 after buying an additional 66,322 shares in the last quarter. Royce & Associates LP purchased a new stake in shares of Target Hospitality during the 4th quarter worth $2,801,000. Pekin Hardy Strauss Inc. purchased a new stake in shares of Target Hospitality during the 4th quarter worth $517,000. Finally, 71 West Capital Partners purchased a new stake in shares of Target Hospitality during the 4th quarter worth $7,147,000. Hedge funds and other institutional investors own 32.40% of the company’s stock.

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.