Analysts Set Target Hospitality Corp. (NASDAQ:TH) Price Target at $21.25

Target Hospitality Corp. (NASDAQ:TH) has been given a consensus rating of “Moderate Buy” by the six brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $21.40.

TH has been the subject of a number of research analyst reports. Northland Securities set a $24.00 price objective on shares of Target Hospitality in a research report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft raised Target Hospitality from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Thursday. Morgan Stanley started coverage on Target Hospitality in a report on Monday. They issued an “overweight” rating and a $22.00 price target for the company. Weiss Ratings downgraded Target Hospitality from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, August 7th. Finally, Oppenheimer lifted their price objective on Target Hospitality from $21.00 to $24.00 and gave the stock an “outperform” rating in a report on Tuesday, July 14th.

Target Hospitality Trading Up 1.2%

Shares of TH stock opened at $17.85 on Friday. Target Hospitality has a 1 year low of $5.97 and a 1 year high of $20.85. The firm’s fifty day simple moving average is $17.58 and its 200 day simple moving average is $14.24. The firm has a market capitalization of $1.78 billion, a P/E ratio of -46.97 and a beta of 1.49. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.11.

Target Hospitality (NASDAQ:TH) last issued its quarterly earnings results on Monday, August 10th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates 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%. As a group, sell-side analysts predict that Target Hospitality will post -0.2 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in Target Hospitality in the 2nd quarter valued at $27,000. IFP Advisors Inc lifted its holdings 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 worth $35,000 after acquiring an additional 1,873 shares during the period. Russell Investments Group Ltd. lifted its holdings 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 worth $38,000 after acquiring an additional 2,465 shares during the period. Galaxy Digital Capital Management GP LLC acquired a new stake in shares of Target Hospitality during the 1st quarter valued at about $67,000. Finally, Tripletail Wealth Management LLC boosted 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 acquiring an additional 4,460 shares in the last quarter. 32.40% of the stock is owned by institutional investors.

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.