Target Hospitality (NASDAQ:TH) Shares Gap Up After Analyst Upgrade

Target Hospitality Corp. (NASDAQ:TH)’s share price gapped up prior to trading on Tuesday after Stifel Nicolaus upgraded the stock from a hold rating to a buy rating. The stock had previously closed at $8.05, but opened at $8.87. Stifel Nicolaus now has a $11.00 price target on the stock, up from their previous price target of $7.50. Target Hospitality shares last traded at $8.73, with a volume of 275,668 shares changing hands.

Separately, Wall Street Zen cut Target Hospitality from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $13.00.

Institutional Investors Weigh In On Target Hospitality

A number of institutional investors have recently made changes to their positions in the stock. AdvisorNet Financial Inc grew its stake in shares of Target Hospitality by 1,305.4% in 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 in the last quarter. Royce & Associates LP increased 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 worth $104,000 after purchasing an additional 4,819 shares during the period. Two Sigma Advisers LP purchased a new stake in Target Hospitality during the 4th quarter worth approximately $105,000. EntryPoint Capital LLC acquired a new stake in Target Hospitality during the 1st quarter worth approximately $108,000. Finally, XTX Topco Ltd acquired a new stake in shares of Target Hospitality in the fourth quarter valued at $113,000. 32.40% of the stock is currently owned by institutional investors and hedge funds.

Target Hospitality Stock Up 4.7%

The firm has a market cap of $898.02 million, a PE ratio of 90.00 and a beta of 1.92. 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 firm has a 50 day moving average price of $7.61 and a 200-day moving average price of $7.21.

Target Hospitality (NASDAQ:TH) last released its earnings results on Thursday, August 7th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04). The firm had revenue of $61.61 million for the quarter, compared to analysts’ expectations of $56.43 million. Target Hospitality had a return on equity of 3.26% and a net margin of 3.58%. Target Hospitality has set its FY 2025 guidance at EPS. Research analysts forecast that Target Hospitality Corp. will post 0.65 EPS for the current fiscal year.

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.