Target Hospitality (NASDAQ:TH) Hits New 1-Year High – Should You Buy?

Target Hospitality Corp. (NASDAQ:TH) reached a new 52-week high on Thursday. The company traded as high as $21.76 and last traded at $21.3610, with a volume of 980323 shares trading hands. The stock had previously closed at $21.20.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TH. Stifel Nicolaus set a $26.00 price target on Target Hospitality in a research report on Thursday, August 27th. Weiss Ratings raised Target Hospitality from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 21st. Northland Securities set a $25.00 price objective on Target Hospitality in a report on Thursday, August 27th. Oppenheimer upped their target price on Target Hospitality from $24.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, September 8th. Finally, Morgan Stanley increased their target price on Target Hospitality from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $25.20.

Target Hospitality Stock Down 4.1%

The firm’s 50-day moving average price is $17.83 and its 200 day moving average price is $16.35. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of -54.16 and a beta of 1.51.

Target Hospitality (NASDAQ:TH) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.02. The business had revenue of $85.45 million for the quarter, compared to analyst estimates of $79.30 million. Target Hospitality had a negative net margin of 10.85% and a negative return on equity of 9.80%. On average, sell-side analysts forecast that Target Hospitality Corp. will post -0.05 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Target Hospitality in the second quarter worth about $64,312,000. HighTower Advisors LLC grew its holdings in shares of Target Hospitality by 14.9% during the 2nd quarter. HighTower Advisors LLC now owns 1,842,267 shares of the company’s stock valued at $37,509,000 after purchasing an additional 238,280 shares during the last quarter. Senator Investment Group LP bought a new stake in shares of Target Hospitality during the 2nd quarter valued at approximately $28,491,000. Dimensional Fund Advisors LP increased its position in Target Hospitality by 21.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,428,773 shares of the company’s stock worth $13,259,000 after purchasing an additional 252,212 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Target Hospitality by 15.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,081,081 shares of the company’s stock worth $10,032,000 after purchasing an additional 147,950 shares in the last quarter. Institutional investors own 32.40% of the company’s stock.

Target Hospitality Company Profile

Target Hospitality Corp. (NASDAQ: TH) provides specialty hospitality and workforce accommodation services in North America. The company supports organizations that require temporary or long-term housing and related services in remote, industrial, government, and other challenging operating environments.

Its offerings include modular and prefabricated accommodations, lodging management, food and catering services, housekeeping, maintenance, transportation, security, and other on-site support.