Target Hospitality Corp. (NASDAQ:TH) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Target Hospitality has a “Moderate Buy” consensus rating from five analysts, with one sell, one hold, two buy and one strong-buy recommendation. The average 12-month price target is $21.25, above the reported $17.44 share price.
• The company’s latest quarterly results exceeded expectations, reporting an adjusted loss of $0.09 per share versus the projected $0.11 loss and revenue of $85.45 million versus the $79.30 million estimate.
• Target Hospitality’s shares have traded between $5.97 and $20.85 over the past year, while institutional investors and hedge funds own 32.4% of the stock; analysts expect a full-year loss of approximately $0.19 per share.

Target Hospitality Corp. (NASDAQ:TH - Get Free Report) has been given an average rating of "Moderate Buy" by the five ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $21.25.

Several research firms have issued reports on TH. Oppenheimer lifted their price target on shares of Target Hospitality from $21.00 to $24.00 and gave the stock an "outperform" rating in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft assumed coverage on Target Hospitality in a research report on Monday, June 1st. They issued a "hold" rating and a $22.00 price objective for the company. Weiss Ratings downgraded Target Hospitality from a "sell (d+)" rating to a "sell (d)" rating in a research note on Friday, August 7th. Finally, Northland Securities set a $24.00 price target on Target Hospitality in a research note on Tuesday.

Target Hospitality Stock Performance

Shares of Target Hospitality stock opened at $17.44 on Friday. The company has a market capitalization of $1.75 billion, a PE ratio of -45.89 and a beta of 1.49. The company has a 50-day simple moving average of $17.54 and a two-hundred day simple moving average of $13.86. Target Hospitality has a one year low of $5.97 and a one year high of $20.85. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.85 and a current ratio of 0.65.

Target Hospitality (NASDAQ:TH - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.09) earnings per share for the quarter, beating analysts' consensus estimates of ($0.11) by $0.02. The business had revenue of $85.45 million for the quarter, compared to analysts' expectations of $79.30 million. Target Hospitality had a negative net margin of 10.85% and a negative return on equity of 9.80%. Research analysts expect that Target Hospitality will post -0.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Target Hospitality

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada boosted its stake in Target Hospitality by 3,549.2% in the 1st 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 acquired a new position in Target Hospitality during the 1st quarter valued at approximately $114,000. Goldman Sachs Group Inc. raised its holdings 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 buying an additional 143,505 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of Target Hospitality in the first quarter worth $660,000. Finally, Strs Ohio acquired a new stake in shares of Target Hospitality during the first quarter worth $131,000. Institutional investors and hedge funds own 32.40% of the company's stock.

Target Hospitality Company Profile

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.

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