Target Hospitality Corp. (NASDAQ:TH) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

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

TH has been the topic of several recent research reports. Morgan Stanley lifted their target price on shares of Target Hospitality from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, September 14th. Northland Securities set a $25.00 price target on Target Hospitality in a research report on Thursday, August 27th. Weiss Ratings downgraded shares of Target Hospitality from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 23rd. Oppenheimer increased their price target on Target Hospitality from $24.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $23.00 target price on shares of Target Hospitality in a research note on Thursday, August 27th.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Target Hospitality

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new stake in Target Hospitality in the second quarter valued at approximately $27,000. Sterling Capital Management LLC boosted its stake in shares of Target Hospitality by 351.4% in the third quarter. Sterling Capital Management LLC now owns 1,431 shares of the company’s stock valued at $28,000 after purchasing an additional 1,114 shares during the period. State of Alaska Department of Revenue grew its stake in Target Hospitality by 16.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 6,160 shares of the company’s stock worth $121,000 after purchasing an additional 863 shares in the last quarter. Galaxy Digital Capital Management GP LLC purchased a new stake in shares of Target Hospitality during the 1st quarter worth $67,000. Finally, State of Wyoming purchased a new position in Target Hospitality in the second quarter valued at approximately $191,000. Hedge funds and other institutional investors own 32.40% of the company’s stock.

Target Hospitality Stock Performance

Shares of TH opened at $11.29 on Thursday. The stock has a 50-day simple moving average of $17.78 and a 200-day simple moving average of $14.78. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $1.12 billion, a PE ratio of -29.71 and a beta of 1.56. Target Hospitality has a 1 year low of $5.97 and a 1 year high of $21.76.

Target Hospitality (NASDAQ:TH) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.02. The firm had revenue of $85.45 million during the quarter, compared to the consensus estimate 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, analysts predict that Target Hospitality will post -0.04 earnings per share for the current fiscal year.

About Target Hospitality

Target Hospitality Corp. (NASDAQ: TH) provides specialty rental and hospitality services for organizations that require temporary or long-term workforce housing. The company develops and operates workforce accommodation communities and related facilities, offering an integrated alternative to traditional hotels or permanent housing in locations where lodging infrastructure is limited.

Its services generally include furnished lodging, food services, housekeeping, laundry, transportation, maintenance, recreation and other facility-management support.