Shares of Target Hospitality Corp. (NYSE:TH) have been given an average broker rating score of 1.00 (Strong Buy) from the four analysts that cover the company, Zacks Investment Research reports. Four equities research analysts have rated the stock with a strong buy recommendation.
Analysts have set a 12-month consensus price target of $13.75 for the company and are anticipating that the company will post $0.14 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Target Hospitality an industry rank of 158 out of 256 based on the ratings given to related companies.
Several equities analysts have weighed in on TH shares. Northland Securities restated a “buy” rating and set a $13.00 target price on shares of Target Hospitality in a report on Thursday, June 20th. Stifel Nicolaus started coverage on Target Hospitality in a report on Wednesday, May 15th. They set a “buy” rating and a $10.59 target price on the stock. Credit Suisse Group started coverage on Target Hospitality in a report on Thursday, May 23rd. They set an “outperform” rating and a $13.00 target price on the stock. Deutsche Bank started coverage on Target Hospitality in a report on Tuesday, May 21st. They set a “buy” rating and a $14.00 target price on the stock. Finally, Oppenheimer started coverage on Target Hospitality in a report on Thursday, May 23rd. They set an “outperform” rating and a $13.00 target price on the stock.
Target Hospitality (NYSE:TH) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.21 EPS for the quarter. The business had revenue of $81.98 million during the quarter.
In other Target Hospitality news, Director Andrew P. Studdert acquired 10,000 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were acquired at an average cost of $10.78 per share, for a total transaction of $107,800.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Troy C. Schrenk bought 3,200 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were purchased at an average cost of $10.93 per share, for a total transaction of $34,976.00. The disclosure for this purchase can be found here. Insiders bought 41,200 shares of company stock worth $443,496 over the last quarter.
An institutional investor recently bought a new position in Target Hospitality stock. Private Capital Management LLC purchased a new stake in shares of Target Hospitality Corp. (NYSE:TH) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,015,318 shares of the company’s stock, valued at approximately $9,646,000. Target Hospitality comprises about 7.2% of Private Capital Management LLC’s portfolio, making the stock its 27th largest position. Private Capital Management LLC owned about 2.50% of Target Hospitality as of its most recent SEC filing.
Target Hospitality Company Profile
Target Hospitality Corp., through its subsidiaries, provides specialty rental accommodations with catering and value-added hospitality services in the United States. The company was formerly known as Platinum Eagle Acquisition Corp. and changed its name to Target Hospitality Corp. in March 2019. The company is headquartered in The Woodlands, Texas.
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