Analysts Set Target Hospitality Corp. (NASDAQ:TH) Target Price at $19.33

Shares of Target Hospitality Corp. (NASDAQ:TH) have received a consensus rating of “Moderate Buy” from the five analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $19.3333.

A number of equities analysts have commented on TH shares. Oppenheimer boosted their price objective on shares of Target Hospitality from $18.00 to $21.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Target Hospitality in a report on Wednesday, June 24th. Texas Capital upgraded shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Target Hospitality in a report on Monday, June 1st. They issued a “hold” rating and a $22.00 price objective on the stock. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $15.00 target price (up from $11.00) on shares of Target Hospitality in a research report on Monday, April 6th.

Target Hospitality Stock Performance

NASDAQ:TH opened at $20.36 on Friday. Target Hospitality has a twelve month low of $5.97 and a twelve month high of $20.85. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of -46.27 and a beta of 1.47. The firm’s fifty day simple moving average is $17.47 and its 200 day simple moving average is $11.91.

Target Hospitality (NASDAQ:TH) last issued its quarterly earnings data 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 return on equity of 11.11% and a negative net margin of 13.47%.The firm had revenue of $72.78 million during the quarter, compared to analyst estimates of $73.20 million. As a group, equities research analysts expect that Target Hospitality will post -0.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Target Hospitality

A number of institutional investors have recently modified their holdings of TH. IFP Advisors Inc grew its position in shares of Target Hospitality by 88.0% during the 3rd quarter. IFP Advisors Inc now owns 4,002 shares of the company’s stock valued at $35,000 after buying an additional 1,873 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Target Hospitality by 121.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,494 shares of the company’s stock valued at $38,000 after buying an additional 2,465 shares during the last quarter. Galaxy Digital Capital Management GP LLC bought a new stake in shares of Target Hospitality during the 1st quarter valued at about $67,000. Tripletail Wealth Management LLC grew its position in shares of Target Hospitality by 62.2% during the 4th quarter. Tripletail Wealth Management LLC now owns 11,630 shares of the company’s stock valued at $93,000 after buying an additional 4,460 shares during the last quarter. Finally, AdvisorShares Investments LLC grew its position in shares of Target Hospitality by 17.9% during the 4th quarter. AdvisorShares Investments LLC now owns 11,820 shares of the company’s stock valued at $95,000 after buying an additional 1,798 shares during the last quarter. Institutional investors own 32.40% of the company’s stock.

About Target Hospitality

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.