Target Hospitality (NASDAQ:TH) Shares Up 12.7% - Should You Buy?

Key Points

• Target Hospitality's shares increased by 12.7% on Thursday, reaching a high of $8.73, though trading volume was down 53% compared to the average.
• Analysts have upgraded Target Hospitality's rating from "sell" to "hold," and it currently holds an average price target of $11.25.
• The company reported a loss of ($0.15) earnings per share, missing analysts' estimates by ($0.05) in its latest earnings report on August 7th.

Target Hospitality Corp. (NASDAQ:TH - Get Free Report) shares shot up 12.7% on Thursday . The stock traded as high as $8.73 and last traded at $8.23. 285,716 shares changed hands during trading, a decline of 53% from the average session volume of 609,078 shares. The stock had previously closed at $7.30.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Target Hospitality from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $11.25.

Target Hospitality Stock Up 12.3%

The firm has a 50-day moving average of $7.38 and a two-hundred day moving average of $7.33. The firm has a market cap of $814.75 million, a price-to-earnings ratio of 19.07 and a beta of 1.92. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.10.

Target Hospitality (NASDAQ:TH - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.05). Target Hospitality had a return on equity of 11.34% and a net margin of 12.71%. As a group, sell-side analysts predict that Target Hospitality Corp. will post 0.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Target Hospitality

Several large investors have recently made changes to their positions in the stock. Conversant Capital LLC raised its holdings in Target Hospitality by 2.1% in the 4th quarter. Conversant Capital LLC now owns 4,889,046 shares of the company's stock valued at $47,253,000 after acquiring an additional 100,000 shares in the last quarter. Vanguard Group Inc. grew its stake in Target Hospitality by 4.2% during the fourth quarter. Vanguard Group Inc. now owns 1,965,362 shares of the company's stock worth $18,995,000 after buying an additional 79,561 shares in the last quarter. Appian Way Asset Management LP bought a new position in Target Hospitality in the 1st quarter valued at about $11,872,000. Philadelphia Financial Management of San Francisco LLC acquired a new position in shares of Target Hospitality in the 1st quarter valued at approximately $11,441,000. Finally, Empyrean Capital Partners LP bought a new stake in shares of Target Hospitality during the 4th quarter worth approximately $9,781,000. Institutional investors and hedge funds own 32.40% of the company's stock.

About Target Hospitality

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.