Target Hospitality (NASDAQ:TH) Upgraded by Wall Street Zen to "Hold" Rating

Key Points

• Target Hospitality has been upgraded from a "sell" to a "hold" rating by Wall Street Zen and is seeing strong interest from analysts, with a consensus rating of "Buy" and a target price of $13.00.
• Stifel Nicolaus has raised its price target for Target Hospitality from $7.50 to $11.00, reflecting growing confidence in the stock's potential.
• The company's stock has recently shown positive movement, opening at $9.00 and experiencing a 1.7% increase, while institutional investors are significantly increasing their stakes in the firm.

Target Hospitality (NASDAQ:TH - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Friday.

Separately, Stifel Nicolaus raised Target Hospitality from a "hold" rating to a "buy" rating and raised their price target for the stock from $7.50 to $11.00 in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $13.00.

Target Hospitality Stock Up 1.7%

Shares of TH stock opened at $9.00 on Friday. The stock has a market cap of $898.02 million, a P/E ratio of 90.00 and a beta of 1.92. Target Hospitality has a one year low of $4.00 and a one year high of $11.10. The stock has a fifty day moving average price of $7.69 and a 200 day moving average price of $7.21. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.47 and a quick ratio of 1.47.

Target Hospitality (NASDAQ:TH - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $56.43 million. Target Hospitality has set its FY 2025 guidance at EPS. Analysts predict that Target Hospitality will post 0.65 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. AdvisorNet Financial Inc boosted its stake in Target Hospitality by 1,305.4% during the second quarter. AdvisorNet Financial Inc now owns 4,160 shares of the company's stock valued at $30,000 after buying an additional 3,864 shares during the period. Royce & Associates LP boosted its stake in Target Hospitality by 44.0% during the first quarter. Royce & Associates LP now owns 15,783 shares of the company's stock valued at $104,000 after buying an additional 4,819 shares during the period. Two Sigma Advisers LP bought a new position in Target Hospitality in the fourth quarter valued at $105,000. EntryPoint Capital LLC bought a new position in Target Hospitality in the first quarter valued at $108,000. Finally, XTX Topco Ltd bought a new position in Target Hospitality in the fourth quarter valued at $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.

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