Analysts Set Target Hospitality Corp. (NASDAQ:TH) Price Target at $20.33

Shares of Target Hospitality Corp. (NASDAQ:TH) have been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $20.3333.

TH has been the topic of several research analyst reports. Oppenheimer lifted their target price on Target Hospitality from $21.00 to $24.00 and gave the company an “outperform” rating in a research note 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. Weiss Ratings raised shares of Target Hospitality from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday. Wall Street Zen upgraded shares of Target Hospitality from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Target Hospitality in a research report on Monday, June 1st. They issued a “hold” rating and a $22.00 target price for the company.

Hedge Funds Weigh In On Target Hospitality

A number of hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in shares of 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 in the last quarter. Amundi bought a new stake in Target Hospitality in the first quarter worth $101,000. Galaxy Digital Capital Management GP LLC acquired a new position in Target Hospitality during the first quarter worth $67,000. Renaissance Technologies LLC increased its position in Target Hospitality by 4.5% during 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. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Target Hospitality by 15.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,081,081 shares of the company’s stock valued at $10,032,000 after buying an additional 147,950 shares in the last quarter. Institutional investors and hedge funds own 32.40% of the company’s stock.

Target Hospitality Stock Down 1.2%

TH stock opened at $16.15 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $1.62 billion, a P/E ratio of -36.70 and a beta of 1.46. Target Hospitality has a 52-week low of $5.97 and a 52-week high of $20.85. The company’s 50 day simple moving average is $18.07 and its 200-day simple moving average is $13.03.

Target Hospitality (NASDAQ:TH) last announced its 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). Target Hospitality had a negative net margin of 13.47% and a negative return on equity of 11.11%. The firm had revenue of $72.78 million for the quarter, compared to analyst estimates of $73.20 million. As a group, equities research analysts anticipate 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.