Target Hospitality (NASDAQ:TH) Rating Increased to Outperform at Oppenheimer

Oppenheimer upgraded shares of Target Hospitality (NASDAQ:TH) from a market perform rating to an outperform rating in a research note issued to investors on Tuesday morning, MarketBeat reports. They currently have $11.00 price objective on the stock.

Other equities research analysts have also issued research reports about the stock. Texas Capital raised shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. Wall Street Zen downgraded shares of Target Hospitality from a “hold” rating to a “sell” rating in a report on Saturday. Stifel Nicolaus set a $11.00 target price on shares of Target Hospitality in a research report on Wednesday, March 11th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Target Hospitality in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Target Hospitality has an average rating of “Moderate Buy” and an average target price of $11.00.

Target Hospitality Price Performance

TH stock opened at $9.39 on Tuesday. The company has a market cap of $936.93 million, a P/E ratio of -24.71 and a beta of 1.36. Target Hospitality has a 1 year low of $5.56 and a 1 year high of $9.90. The stock’s fifty day moving average price is $7.62 and its 200-day moving average price is $7.80.

Target Hospitality (NASDAQ:TH) last issued its quarterly earnings data on Wednesday, March 11th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $85.20 million. As a group, analysts expect that Target Hospitality will post 0.65 earnings per share for the current year.

Insider Buying and Selling at Target Hospitality

In other news, EVP Heidi Diane Lewis sold 9,000 shares of Target Hospitality stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $7.34, for a total transaction of $66,060.00. Following the transaction, the executive vice president directly owned 131,742 shares of the company’s stock, valued at $966,986.28. The trade was a 6.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 68.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Target Hospitality

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TH. IFP Advisors Inc boosted its position in shares of Target Hospitality by 88.0% in the third quarter. IFP Advisors Inc now owns 4,002 shares of the company’s stock worth $35,000 after purchasing an additional 1,873 shares during the period. Russell Investments Group Ltd. raised its position 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 valued at $38,000 after purchasing an additional 2,465 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of Target Hospitality during the 3rd quarter valued at $44,000. Tripletail Wealth Management LLC purchased a new position in shares of Target Hospitality during the 3rd quarter valued at $55,000. Finally, AdvisorShares Investments LLC lifted its stake in shares of Target Hospitality by 17.9% during the 4th quarter. AdvisorShares Investments LLC now owns 11,820 shares of the company’s stock valued at $95,000 after buying an additional 1,798 shares in the last quarter. Institutional investors 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.