Target Hospitality (NASDAQ:TH) Stock Price Expected to Rise, Northland Securities Analyst Says

Target Hospitality (NASDAQ:TH) had its target price lifted by research analysts at Northland Securities from $9.00 to $11.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Northland Securities’ target price would suggest a potential upside of 11.79% from the stock’s previous close.

Target Hospitality Stock Up 6.8 %

Target Hospitality stock opened at $9.84 on Wednesday. Target Hospitality has a twelve month low of $6.11 and a twelve month high of $11.88. The business has a fifty day moving average of $8.39 and a two-hundred day moving average of $9.29. The firm has a market cap of $988.23 million, a P/E ratio of 8.95, a P/E/G ratio of 1.00 and a beta of 2.09.

Target Hospitality (NASDAQ:TH) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.08. Target Hospitality had a return on equity of 30.89% and a net margin of 23.97%. The company had revenue of $95.19 million for the quarter, compared to the consensus estimate of $87.90 million. Equities analysts expect that Target Hospitality will post 0.62 earnings per share for the current year.

Hedge Funds Weigh In On Target Hospitality

Several hedge funds have recently made changes to their positions in TH. Covestor Ltd grew its holdings in Target Hospitality by 13.9% during the first quarter. Covestor Ltd now owns 8,925 shares of the company’s stock worth $97,000 after acquiring an additional 1,092 shares during the period. Intech Investment Management LLC acquired a new position in Target Hospitality in the third quarter valued at approximately $87,000. Bleakley Financial Group LLC purchased a new position in shares of Target Hospitality during the 1st quarter worth $122,000. Quest Partners LLC increased its position in shares of Target Hospitality by 4,201.9% during the 2nd quarter. Quest Partners LLC now owns 13,508 shares of the company’s stock worth $118,000 after purchasing an additional 13,194 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Target Hospitality in the 3rd quarter valued at about $108,000. 32.40% of the stock is owned by institutional investors and hedge funds.

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.