Target Hospitality Corp. (NASDAQ:TH) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Target Hospitality Corp. (NASDAQ:TH) have been given a consensus rating of “Moderate Buy” by the five research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $19.3333.

A number of research analysts recently commented on TH shares. Stifel Nicolaus restated a “buy” rating and set a $15.00 price objective (up from $11.00) on shares of Target Hospitality in a research note on Monday, April 6th. Deutsche Bank Aktiengesellschaft started coverage on Target Hospitality in a research note on Monday. They set a “hold” rating and a $22.00 price objective for the company. Wall Street Zen upgraded Target Hospitality from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Weiss Ratings restated a “sell (d)” rating on shares of Target Hospitality in a research note on Friday, March 27th. Finally, Texas Capital upgraded Target Hospitality from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 12th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TH. Royal Bank of Canada grew its stake in shares of Target Hospitality by 3,549.2% in the first quarter. Royal Bank of Canada now owns 43,863 shares of the company’s stock worth $289,000 after purchasing an additional 42,661 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of Target Hospitality in the first quarter worth $114,000. Goldman Sachs Group Inc. grew its stake in shares of Target Hospitality by 104.9% in the first quarter. Goldman Sachs Group Inc. now owns 280,288 shares of the company’s stock worth $1,844,000 after purchasing an additional 143,505 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Target Hospitality in the first quarter worth $660,000. Finally, Strs Ohio bought a new position in shares of Target Hospitality in the first quarter worth $131,000. Institutional investors own 32.40% of the company’s stock.

Target Hospitality Stock Performance

TH stock opened at $16.11 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.61 billion, a P/E ratio of -36.61 and a beta of 1.47. Target Hospitality has a 12-month low of $5.97 and a 12-month high of $18.93. The stock’s 50 day simple moving average is $15.41 and its 200 day simple moving average is $10.50.

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

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.