Target Hospitality (NASDAQ:TH) Price Target Raised to $18.00 at Oppenheimer

Target Hospitality (NASDAQ:TH) had its target price hoisted by Oppenheimer from $11.00 to $18.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

TH has been the topic of several other research reports. Weiss Ratings restated a “sell (d)” rating on shares of Target Hospitality in a research note on Friday, March 27th. Stifel Nicolaus restated a “buy” rating and issued a $15.00 price target (up from $11.00) on shares of Target Hospitality in a research note on Monday. Wall Street Zen upgraded Target Hospitality from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Texas Capital upgraded Target Hospitality from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Target Hospitality has a consensus rating of “Moderate Buy” and an average price target of $16.50.

Target Hospitality Stock Performance

TH stock opened at $14.90 on Thursday. Target Hospitality has a fifty-two week low of $5.97 and a fifty-two week high of $15.10. The business’s 50 day moving average price is $8.84 and its two-hundred day moving average price is $8.11. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of -39.21 and a beta of 1.12.

Target Hospitality (NASDAQ:TH) last posted its earnings results on Wednesday, March 11th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05). Target Hospitality had a negative return on equity of 8.65% and a negative net margin of 11.58%.The firm had revenue of $89.78 million for the quarter, compared to analysts’ expectations of $85.20 million. Sell-side analysts forecast that Target Hospitality will post 0.65 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Heidi Diane Lewis sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $7.34, for a total value of $66,060.00. Following the completion of the transaction, the executive vice president directly owned 131,742 shares in the company, valued at $966,986.28. The trade was a 6.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 68.00% of the stock is currently owned by insiders.

Institutional Trading of Target Hospitality

Several institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. boosted its stake in Target Hospitality by 20.1% during the 4th quarter. Invesco Ltd. now owns 70,385 shares of the company’s stock valued at $564,000 after purchasing an additional 11,793 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Target Hospitality during the 4th quarter valued at $118,000. Fuller & Thaler Asset Management Inc. purchased a new stake in Target Hospitality during the 4th quarter valued at $448,000. Empowered Funds LLC boosted its stake in Target Hospitality by 34.1% during the 4th quarter. Empowered Funds LLC now owns 216,340 shares of the company’s stock valued at $1,733,000 after purchasing an additional 55,046 shares during the last quarter. Finally, Millennium Management LLC purchased a new stake in Target Hospitality during the 4th quarter valued at $167,000. 32.40% of the stock is currently owned by hedge funds and other institutional investors.

Target Hospitality Company Profile

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.