Target Hospitality (NASDAQ:TH) Trading 3.1% Higher Following Analyst Upgrade

Target Hospitality Corp. (NASDAQ:TH) shares traded up 3.1% during trading on Wednesday after Stifel Nicolaus upgraded the stock from a hold rating to a buy rating. Stifel Nicolaus now has a $11.00 price target on the stock, up from their previous price target of $7.50. Target Hospitality traded as high as $8.85 and last traded at $8.87. 63,045 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 608,511 shares. The stock had previously closed at $8.60.

Separately, Wall Street Zen lowered Target Hospitality from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $13.00.

Institutional Trading of Target Hospitality

Several hedge funds have recently added to or reduced their stakes in the business. Conversant Capital LLC raised its stake in Target Hospitality by 2.1% during the 4th quarter. Conversant Capital LLC now owns 4,889,046 shares of the company’s stock worth $47,253,000 after buying an additional 100,000 shares during the period. Rubric Capital Management LP raised its stake in Target Hospitality by 9.5% during the 2nd quarter. Rubric Capital Management LP now owns 2,189,456 shares of the company’s stock worth $15,589,000 after buying an additional 189,456 shares during the period. Appian Way Asset Management LP acquired a new stake in Target Hospitality during the 1st quarter worth $11,872,000. Philadelphia Financial Management of San Francisco LLC acquired a new stake in Target Hospitality during the 1st quarter worth $11,441,000. Finally, Cooper Creek Partners Management LLC acquired a new stake in Target Hospitality during the 2nd quarter worth $8,556,000. Institutional investors and hedge funds own 32.40% of the company’s stock.

Target Hospitality Price Performance

The firm has a market cap of $898.02 million, a price-to-earnings ratio of 90.00 and a beta of 1.92. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.07. The company has a 50 day moving average of $7.61 and a 200 day moving average of $7.21.

Target Hospitality (NASDAQ:TH) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.04). The business had revenue of $61.61 million for the quarter, compared to analyst estimates of $56.43 million. Target Hospitality had a return on equity of 3.26% and a net margin of 3.58%. Target Hospitality has set its FY 2025 guidance at EPS. Equities research analysts predict that Target Hospitality Corp. will post 0.65 EPS for the current fiscal year.

Target Hospitality Company Profile

Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America. The company operates through two segments, Hospitality & Facilities Services – South and Government. It owns a network of specialty rental accommodation units. In addition, the company provides catering and food, maintenance, housekeeping, grounds-keeping, security, health and recreation facilities, workforce community management, concierge, and laundry services.