Target Hospitality (NASDAQ:TH) Raised to Hold at Wall Street Zen

Key Points

• Target Hospitality has received an upgrade from Wall Street Zen, increasing its rating from "sell" to "hold".
• Stifel Nicolaus also upgraded the company, raising its price target from $7.50 to $11.00, with a consensus target price set at $13.00.
• For its latest quarter, Target Hospitality reported a revenue of $61.61 million, surpassing estimates, but missed earnings expectations by reporting ($0.15) EPS.

Wall Street Zen upgraded shares of Target Hospitality (NASDAQ:TH - Free Report) from a sell rating to a hold rating in a report published on Sunday morning.

Separately, Stifel Nicolaus raised shares of Target Hospitality from a "hold" rating to a "buy" rating and increased their price target for the stock from $7.50 to $11.00 in a report on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Target Hospitality currently has an average rating of "Buy" and a consensus price target of $13.00.

Target Hospitality Price Performance

Shares of Target Hospitality stock traded down $0.12 on Friday, reaching $8.78. The stock had a trading volume of 217,399 shares, compared to its average volume of 583,274. Target Hospitality has a 1 year low of $4.00 and a 1 year high of $11.10. The company has a market cap of $875.57 million, a P/E ratio of 87.90 and a beta of 2.00. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.07. The business's 50 day moving average is $8.30 and its two-hundred day moving average is $7.36.

Target Hospitality (NASDAQ:TH - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.04). Target Hospitality had a return on equity of 3.26% and a net margin of 3.58%.The firm had revenue of $61.61 million during the quarter, compared to analysts' expectations of $56.43 million. Target Hospitality has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Target Hospitality will post 0.65 EPS for the current year.

Insider Buying and Selling

In other Target Hospitality news, EVP Troy C. Schrenk sold 49,344 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $8.58, for a total transaction of $423,371.52. Following the transaction, the executive vice president directly owned 174,553 shares in the company, valued at $1,497,664.74. This trade represents a 22.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 68.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Caxton Associates LLP bought a new position in shares of Target Hospitality in the second quarter worth approximately $330,000. Rubric Capital Management LP grew its holdings in shares of Target Hospitality by 9.5% in the second quarter. Rubric Capital Management LP now owns 2,189,456 shares of the company's stock worth $15,589,000 after purchasing an additional 189,456 shares during the last quarter. Man Group plc grew its holdings in shares of Target Hospitality by 56.4% in the second quarter. Man Group plc now owns 53,036 shares of the company's stock worth $378,000 after purchasing an additional 19,132 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of Target Hospitality by 7.9% in the second quarter. Bridgeway Capital Management LLC now owns 135,179 shares of the company's stock worth $962,000 after purchasing an additional 9,908 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Target Hospitality by 121.2% in the second quarter. Bank of America Corp DE now owns 111,693 shares of the company's stock worth $795,000 after purchasing an additional 61,195 shares during the last quarter. Institutional investors own 32.40% of the company's stock.

Target Hospitality Company Profile

Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America. The company operates through two segments, Hospitality & Facilities Services - South and Government. It owns a network of specialty rental accommodation units. In addition, the company provides catering and food, maintenance, housekeeping, grounds-keeping, security, health and recreation facilities, workforce community management, concierge, and laundry services.