Target Hospitality (NASDAQ:TH) Stock Price 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)'s share price was up 12.7% during mid-day trading on Thursday . The stock traded as high as $8.73 and last traded at $8.23. Approximately 285,716 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 609,078 shares. The stock had previously closed at $7.30.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Target Hospitality from a "hold" rating to a "sell" rating in a report on Saturday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Target Hospitality has an average rating of "Hold" and a consensus target price of $11.25.

Target Hospitality Stock Down 3.3%

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.97 and a quick ratio of 1.97. The firm's fifty day moving average is $7.44 and its 200-day moving average is $7.25. The stock has a market capitalization of $811.77 million, a price-to-earnings ratio of 81.70 and a beta of 1.92.

Target Hospitality (NASDAQ:TH - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.04). Target Hospitality had a net margin of 3.58% and a return on equity of 3.22%. The business had revenue of $61.61 million for the quarter, compared to the consensus estimate of $56.43 million. On average, sell-side analysts predict that Target Hospitality Corp. will post 0.65 earnings per share for the current year.

Hedge Funds Weigh In On Target Hospitality

Several large investors have recently made changes to their positions in TH. Vanguard Group Inc. raised its position in Target Hospitality by 4.2% during the fourth quarter. Vanguard Group Inc. now owns 1,965,362 shares of the company's stock valued at $18,995,000 after acquiring an additional 79,561 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Target Hospitality by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 861,693 shares of the company's stock worth $8,330,000 after acquiring an additional 6,624 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Target Hospitality by 51.7% in the fourth quarter. Wells Fargo & Company MN now owns 15,394 shares of the company's stock worth $149,000 after acquiring an additional 5,246 shares during the last quarter. Renaissance Technologies LLC lifted its position in Target Hospitality by 1.8% in the fourth quarter. Renaissance Technologies LLC now owns 870,124 shares of the company's stock worth $8,410,000 after purchasing an additional 14,992 shares during the period. Finally, XTX Topco Ltd bought a new position in Target Hospitality in the fourth quarter worth $113,000. 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.