Target Hospitality Corp. (NASDAQ:TH) Stock Has Consensus Target Price of $25.20

Target Hospitality Corp. (NASDAQ:TH) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are presently covering the company, Marketbeat.com 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 ratings on the stock in the last year is $25.20.

A number of brokerages recently weighed in on TH. Oppenheimer boosted their price objective on shares of Target Hospitality from $24.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, September 8th. Northland Securities set a $25.00 target price on shares of Target Hospitality in a report on Thursday, August 27th. Weiss Ratings downgraded Target Hospitality from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $23.00 target price on shares of Target Hospitality in a research note on Thursday, August 27th. Finally, Morgan Stanley upped their target price on Target Hospitality from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, September 14th.

Insiders Place Their Bets

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

Institutional Trading of Target Hospitality

A number of large investors have recently modified their holdings of TH. BlackRock Inc. bought a new stake in Target Hospitality in the 2nd quarter valued at about $64,312,000. Hsbc Holdings PLC acquired a new position in Target Hospitality during the 2nd quarter valued at about $1,506,000. Bank of America Corp DE bought a new position in Target Hospitality in the 2nd quarter worth about $7,142,000. Bank of New York Mellon Corp bought a new position in Target Hospitality in the 2nd quarter worth about $8,140,000. Finally, Arrowstreet Capital Limited Partnership grew its position in Target Hospitality by 15.9% in 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 during the last quarter. Institutional investors and hedge funds own 32.40% of the company’s stock.

Target Hospitality Stock Down 0.4%

NASDAQ:TH opened at $13.61 on Thursday. 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 company has a market capitalization of $1.36 billion, a price-to-earnings ratio of -35.82 and a beta of 1.49. Target Hospitality has a one year low of $5.97 and a one year high of $21.76. The stock has a 50-day simple moving average of $17.97 and a 200 day simple moving average of $14.73.

Target Hospitality (NASDAQ:TH) last released its earnings results on Monday, August 10th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02. Target Hospitality had a negative return on equity of 9.80% and a negative net margin of 10.85%. The company had revenue of $85.45 million for the quarter, compared to the consensus estimate of $79.30 million. Sell-side analysts predict that Target Hospitality will post -0.04 EPS for the current fiscal year.

Target Hospitality Company Profile

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.