Target Hospitality Corp. (NASDAQ:TH) Receives $20.33 Average Target Price from Brokerages

Target Hospitality Corp. (NASDAQ:TH) has been given a consensus recommendation of “Moderate Buy” by the five analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $20.3333.

Several analysts have commented on TH shares. Oppenheimer boosted their target price on shares of Target Hospitality from $21.00 to $24.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 14th. Stifel Nicolaus restated a “buy” rating and set a $15.00 price target (up from $11.00) on shares of Target Hospitality in a report on Monday, April 6th. Wall Street Zen raised shares of Target Hospitality from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Deutsche Bank Aktiengesellschaft began coverage on shares of Target Hospitality in a report on Monday, June 1st. They issued a “hold” rating and a $22.00 price objective for the company. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Target Hospitality in a research report on Wednesday, June 24th.

Target Hospitality Stock Down 2.2%

TH opened at $16.34 on Tuesday. The company has a market capitalization of $1.64 billion, a PE ratio of -37.14 and a beta of 1.46. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.85 and a quick ratio of 0.85. Target Hospitality has a fifty-two week low of $5.97 and a fifty-two week high of $20.85. The business has a 50-day moving average of $18.12 and a 200-day moving average of $13.01.

Target Hospitality (NASDAQ:TH) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.02). The firm had revenue of $72.78 million during the quarter, compared to the consensus estimate of $73.20 million. Target Hospitality had a negative net margin of 13.47% and a negative return on equity of 11.11%. Equities research analysts forecast that Target Hospitality will post -0.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Rubric Capital Management LP lifted its holdings in Target Hospitality by 9.5% in the 2nd quarter. Rubric Capital Management LP now owns 2,189,456 shares of the company’s stock worth $15,589,000 after purchasing an additional 189,456 shares during the last quarter. Vanguard Group Inc. grew its holdings in Target Hospitality by 43.0% during the third quarter. Vanguard Group Inc. now owns 1,994,641 shares of the company’s stock valued at $16,915,000 after purchasing an additional 600,181 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Target Hospitality by 21.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,428,773 shares of the company’s stock valued at $13,259,000 after purchasing an additional 252,212 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Target Hospitality by 15.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,081,081 shares of the company’s stock valued at $10,032,000 after purchasing an additional 147,950 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Target Hospitality by 4.5% in the first quarter. Renaissance Technologies LLC now owns 951,302 shares of the company’s stock worth $8,828,000 after buying an additional 40,878 shares during the last quarter. Institutional investors and hedge funds own 32.40% of the company’s stock.

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.