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

Shares of Target Hospitality Corp. (NASDAQ:TH) have been given a consensus rating of “Moderate Buy” by the six brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $25.20.

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $23.00 price objective on shares of Target Hospitality in a research note on Thursday, August 27th. Oppenheimer boosted their price objective on Target Hospitality from $24.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 8th. Weiss Ratings upgraded Target Hospitality from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 21st. Stifel Nicolaus set a $26.00 price target on Target Hospitality in a research report on Thursday, August 27th. Finally, Morgan Stanley lifted their price objective on shares of Target Hospitality from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, September 14th.

Target Hospitality Stock Performance

NASDAQ TH opened at $18.33 on Friday. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of -48.24 and a beta of 1.49. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average price of $18.42 and a 200-day moving average price of $17.04. Target Hospitality has a twelve month low of $5.97 and a twelve month high of $21.76.

Target Hospitality (NASDAQ:TH) last released its earnings results on Monday, August 10th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.02. Target Hospitality had a negative return on equity of 9.80% and a negative net margin of 10.85%.The firm had revenue of $85.45 million during the quarter, compared to analysts’ expectations of $79.30 million. As a group, equities research analysts predict that Target Hospitality will post -0.04 EPS for the current fiscal year.

Insider Activity at Target Hospitality

In other Target Hospitality news, CEO James Archer purchased 13,385 shares of Target Hospitality stock in a transaction dated Tuesday, September 15th. The shares were purchased at an average cost of $18.69 per share, for a total transaction of $250,165.65. Following the completion of the acquisition, the chief executive officer owned 1,845,441 shares in the company, valued at $34,491,292.29. This represents a 0.73% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Troy Schrenk purchased 5,907 shares of the firm’s stock in a transaction that occurred on Friday, September 18th. The shares were acquired at an average cost of $21.16 per share, with a total value of $124,992.12. Following the completion of the purchase, the insider directly owned 216,995 shares in the company, valued at $4,591,614.20. The trade was a 2.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TH. BlackRock Inc. purchased a new position in Target Hospitality during the 2nd quarter worth $64,312,000. HighTower Advisors LLC raised its holdings in shares of Target Hospitality by 14.9% in the 2nd quarter. HighTower Advisors LLC now owns 1,842,267 shares of the company’s stock valued at $37,509,000 after purchasing an additional 238,280 shares in the last quarter. Senator Investment Group LP bought a new stake in shares of Target Hospitality in the 2nd quarter valued at about $28,491,000. Dimensional Fund Advisors LP lifted its position in shares of Target Hospitality by 21.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,428,773 shares of the company’s stock worth $13,259,000 after purchasing an additional 252,212 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Target Hospitality by 15.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,081,081 shares of the company’s stock worth $10,032,000 after purchasing an additional 147,950 shares during the period. 32.40% of the stock is currently owned by institutional investors.

About Target Hospitality

Target Hospitality Corporation (NASDAQ: TH) is a provider of vertically integrated hospitality and support services for organizations operating in remote or workforce-intensive locations. The company develops and operates purpose-built workforce accommodations, commonly known as man camps, and provides related services designed to support employees and other residents at these facilities.

Its services may include lodging, dining and catering, housekeeping, laundry, transportation and logistics, facility management, recreation, and other on-site amenities.