Oppenheimer Issues Positive Forecast for Target Hospitality (NASDAQ:TH) Stock Price

Target Hospitality (NASDAQ:TH) had its price target upped by research analysts at Oppenheimer from $11.00 to $18.00 in a report released on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price objective would suggest a potential upside of 20.12% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on TH. Wall Street Zen upgraded Target Hospitality from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Texas Capital raised Target Hospitality from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Target Hospitality in a report on Friday, March 27th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $15.00 price target (up from $11.00) on shares of Target Hospitality in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Target Hospitality has a consensus rating of “Moderate Buy” and a consensus target price of $16.50.

Target Hospitality Trading Up 4.5%

NASDAQ TH opened at $14.99 on Thursday. Target Hospitality has a 12 month low of $5.97 and a 12 month high of $15.10. The stock’s fifty day moving average price is $8.68 and its 200-day moving average price is $8.06. The stock has a market cap of $1.50 billion, a P/E ratio of -39.21 and a beta of 1.12.

Target Hospitality (NASDAQ:TH) last announced its earnings results on Wednesday, March 11th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.05). The firm had revenue of $89.78 million during the quarter, compared to analysts’ expectations of $85.20 million. Target Hospitality had a negative return on equity of 8.65% and a negative net margin of 11.58%. As a group, analysts forecast that Target Hospitality will post 0.65 earnings per share for the current fiscal year.

Insider Transactions at Target Hospitality

In other news, EVP Heidi Diane Lewis sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $7.34, for a total value of $66,060.00. Following the transaction, the executive vice president owned 131,742 shares in the company, valued at $966,986.28. This trade represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 68.00% of the company’s stock.

Institutional Investors Weigh In On Target Hospitality

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TH. Royal Bank of Canada increased its stake in Target Hospitality by 3,549.2% during the first quarter. Royal Bank of Canada now owns 43,863 shares of the company’s stock worth $289,000 after acquiring an additional 42,661 shares during the last quarter. AQR Capital Management LLC acquired a new stake in Target Hospitality during the first quarter worth $114,000. Goldman Sachs Group Inc. increased its stake in Target Hospitality by 104.9% during the first quarter. Goldman Sachs Group Inc. now owns 280,288 shares of the company’s stock worth $1,844,000 after acquiring an additional 143,505 shares during the last quarter. Empowered Funds LLC acquired a new stake in Target Hospitality during the first quarter worth $660,000. Finally, Strs Ohio acquired a new stake in Target Hospitality during the first quarter worth $131,000. Institutional investors and hedge funds own 32.40% of the company’s stock.

Target Hospitality Company Profile

Target Hospitality is a lodging solutions provider specializing in the ownership and operation of modular workforce housing communities across North America. The company serves large-scale clients in the energy, mining, construction and government sectors that require temporary or long-term accommodations for remote workforces. Its housing portfolio includes suite-style units, single-family cabins and “man-camp” dormitories, designed to match project size, duration and workforce composition.

In addition to lodging, Target Hospitality delivers integrated support services such as on-site dining and culinary management, housekeeping, maintenance, facility management and logistics planning.