Wall Street Zen Upgrades Target Hospitality (NASDAQ:TH) to "Hold"

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 analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Friday.

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

Target Hospitality Stock Up 1.7%

Shares of Target Hospitality stock traded up $0.15 during trading on Friday, reaching $9.03. The stock had a trading volume of 578,553 shares, compared to its average volume of 488,120. The company has a market capitalization of $901.01 million, a price-to-earnings ratio of 90.30 and a beta of 1.92. The stock has a fifty day moving average price of $7.84 and a two-hundred day moving average price of $7.20. Target Hospitality has a 52 week low of $4.00 and a 52 week high of $11.10. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.07.

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

Institutional Investors Weigh In On Target Hospitality

A number of large investors have recently added to or reduced their stakes in the stock. Caxton Associates LLP acquired a new stake in shares of Target Hospitality in the 2nd quarter valued at $330,000. Rubric Capital Management LP lifted its stake in shares of Target Hospitality by 9.5% in the 2nd quarter. Rubric Capital Management LP now owns 2,189,456 shares of the company's stock valued at $15,589,000 after acquiring an additional 189,456 shares during the last quarter. Man Group plc lifted its stake in shares of Target Hospitality by 56.4% in the 2nd quarter. Man Group plc now owns 53,036 shares of the company's stock valued at $378,000 after acquiring an additional 19,132 shares during the last quarter. Bridgeway Capital Management LLC raised its position in Target Hospitality by 7.9% during the 2nd 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 raised its position in Target Hospitality by 121.2% during the 2nd 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 and hedge funds 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.