Target Hospitality Corp. (NASDAQ:TH) Given Average Rating of “Moderate Buy” by Analysts

Target Hospitality Corp. (NASDAQ:TH) has earned a consensus rating of “Moderate Buy” from the five analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $18.00.

Several equities research analysts recently weighed in on TH shares. Deutsche Bank Aktiengesellschaft began coverage on Target Hospitality in a report on Monday. They issued a “hold” rating for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Target Hospitality in a research note on Friday, March 27th. Stifel Nicolaus reissued a “buy” rating and set a $15.00 price objective (up from $11.00) on shares of Target Hospitality in a research report on Monday, April 6th. Wall Street Zen upgraded Target Hospitality from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Oppenheimer raised their target price on Target Hospitality from $18.00 to $21.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th.

Hedge Funds Weigh In On Target Hospitality

Several large investors have recently bought and sold shares of the stock. IFP Advisors Inc raised its stake in shares of Target Hospitality by 88.0% in 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 in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Target Hospitality by 121.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,494 shares of the company’s stock valued at $38,000 after purchasing an additional 2,465 shares during the period. Galaxy Digital Capital Management GP LLC acquired a new position in shares of Target Hospitality in the 1st quarter worth approximately $67,000. Tripletail Wealth Management LLC raised its holdings in shares of Target Hospitality by 62.2% in the 4th quarter. Tripletail Wealth Management LLC now owns 11,630 shares of the company’s stock worth $93,000 after buying an additional 4,460 shares in the last quarter. Finally, AdvisorShares Investments LLC lifted 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 worth $95,000 after buying an additional 1,798 shares during the period. 32.40% of the stock is currently owned by institutional investors and hedge funds.

Target Hospitality Price Performance

Target Hospitality stock opened at $17.36 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.08. Target Hospitality has a 1-year low of $5.97 and a 1-year high of $18.93. The firm’s fifty day simple moving average is $14.66 and its 200-day simple moving average is $10.16. The company has a market capitalization of $1.74 billion, a P/E ratio of -39.45 and a beta of 1.47.

Target Hospitality (NASDAQ:TH) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.13) earnings per share (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 business had revenue of $72.78 million during the quarter, compared to the consensus estimate of $73.20 million. Sell-side analysts forecast that Target Hospitality will post -0.18 earnings per share for the current fiscal year.

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.