Target Hospitality Corp. (NASDAQ:TH) Stock Has Average Target Price of $25.20 According to Analysts

Target Hospitality Corp. (NASDAQ:TH - Get Free Report) has been given a consensus rating of "Moderate Buy" by the six brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $25.20.

TH has been the subject of a number of analyst reports. Oppenheimer upped their price objective on shares of Target Hospitality from $24.00 to $27.00 and gave the company an "outperform" rating in a research report on Tuesday, September 8th. Morgan Stanley raised their target price on Target Hospitality from $22.00 to $25.00 and gave the company an "overweight" rating in a research note on Monday, September 14th. Weiss Ratings lowered Target Hospitality from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, October 23rd. Northland Securities set a $25.00 target price on Target Hospitality in a research report on Thursday, August 27th. Finally, Stifel Nicolaus set a $26.00 price target on Target Hospitality in a research note on Thursday, August 27th.

Insider Buying and Selling

In other Target Hospitality news, insider Troy Schrenk acquired 5,907 shares of the company's stock in a transaction on Friday, September 18th. The shares were bought at an average cost of $21.16 per share, for a total transaction of $124,992.12. Following the acquisition, the insider directly owned 216,995 shares of the company's stock, valued at $4,591,614.20. This trade represents a 2.80% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James Archer acquired 13,385 shares of the company's stock in a transaction on Tuesday, September 15th. The shares were acquired at an average price of $18.69 per share, for a total transaction of $250,165.65. Following the completion of the acquisition, the chief executive officer directly owned 1,845,441 shares in the company, valued at $34,491,292.29. The trade was a 0.73% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 3.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Target Hospitality

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in Target Hospitality during the 2nd quarter worth $64,312,000. Hsbc Holdings PLC acquired a new stake in shares of Target Hospitality in the 2nd quarter valued at about $1,506,000. Bank of America Corp DE acquired a new stake in shares of Target Hospitality in the 2nd quarter valued at about $7,142,000. Bank of New York Mellon Corp acquired a new stake in shares of Target Hospitality in the 2nd quarter valued at about $8,140,000. Finally, Arrowstreet Capital Limited Partnership raised its stake 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 valued at $10,032,000 after purchasing an additional 147,950 shares in the last quarter. 32.40% of the stock is currently owned by hedge funds and other institutional investors.

Target Hospitality Trading Down 0.8%

TH opened at $14.11 on Thursday. The firm's 50 day moving average is $18.19 and its 200-day moving average is $14.64. Target Hospitality has a 52-week low of $5.97 and a 52-week high of $21.76. 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 firm has a market capitalization of $1.41 billion, a P/E ratio of -37.13 and a beta of 1.49.

Target Hospitality (NASDAQ:TH - Get Free Report) last announced its earnings results on Monday, August 10th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.02. The business had revenue of $85.45 million during the quarter, compared to the consensus estimate of $79.30 million. Target Hospitality had a negative net margin of 10.85% and a negative return on equity of 9.80%. Analysts expect that Target Hospitality will post -0.04 EPS for the current fiscal year.

Target Hospitality Company Profile

Target Hospitality Corp. NASDAQ: TH provides specialty rental and hospitality services for organizations that require temporary or long-term workforce housing. The company develops and operates workforce accommodation communities and related facilities, offering an integrated alternative to traditional hotels or permanent housing in locations where lodging infrastructure is limited.

Its services generally include furnished lodging, food services, housekeeping, laundry, transportation, maintenance, recreation and other facility-management support.

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