Target Hospitality Corp. (NASDAQ:TH) Given Consensus Rating of “Moderate Buy” by Analysts

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

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Target Hospitality in a report on Monday, June 1st. They issued a “hold” rating and a $22.00 price objective on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $15.00 price objective (up from $11.00) on shares of Target Hospitality in a report on Monday, April 6th. Oppenheimer lifted their price objective on Target Hospitality from $18.00 to $21.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Texas Capital upgraded Target Hospitality from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. Finally, Wall Street Zen upgraded Target Hospitality from a “sell” rating to a “hold” rating in a report on Saturday, April 4th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Bank of America Corp DE increased its holdings in Target Hospitality by 340.9% during the 1st quarter. Bank of America Corp DE now owns 131,198 shares of the company’s stock valued at $1,218,000 after purchasing an additional 101,440 shares during the period. Amundi purchased a new position in Target Hospitality during the 1st quarter valued at about $101,000. Galaxy Digital Capital Management GP LLC purchased a new position in Target Hospitality during the 1st quarter valued at about $67,000. Renaissance Technologies LLC increased its holdings in Target Hospitality by 4.5% during the 1st quarter. Renaissance Technologies LLC now owns 951,302 shares of the company’s stock valued at $8,828,000 after purchasing an additional 40,878 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Target Hospitality by 15.9% during the 1st 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. Hedge funds and other institutional investors own 32.40% of the company’s stock.

Target Hospitality Stock Up 0.9%

TH opened at $20.19 on Friday. The company has a market cap of $2.02 billion, a P/E ratio of -45.89 and a beta of 1.47. The business’s 50-day moving average price is $17.14 and its 200-day moving average price is $11.66. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.08. Target Hospitality has a 12 month low of $5.97 and a 12 month high of $20.83.

Target Hospitality (NASDAQ:TH) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.02). The company had revenue of $72.78 million during the quarter, compared to analysts’ expectations of $73.20 million. Target Hospitality had a negative return on equity of 11.11% and a negative net margin of 13.47%. On average, equities analysts expect 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.