Stocks of Target Hospitality Corp. (NASDAQ:TH) traded higher last session on Wall Street, up 3.81% to $15.55.
According to the data, Target Hospitality Corp. (NASDAQ:TH) has 3 analysts covering its stock. The consensus rating among analysts is ‘Buy’. TH stock price is now -2.03% away from the 50-day moving average and 23.20% away from the 200-day moving average. The market capitalization of the company currently stands at $1.48B.
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A total of 0 analysts have issued a hold rating and 3 have given it a buy rating.
With the price target maintained at $6, Oppenheimer recently Upgraded its rating from Perform to Outperform for Target Hospitality Corp. (NASDAQ: TH). On May 27, 2021, Stifel Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $3 to quote $4.50, while ‘Northland Capital’ rates the stock as ‘Outperform’.
In other news, Vlacich Jason Paul, Chief Accounting Officer sold 20,000 shares of the company’s stock on Jan 06. The stock was sold for $326,600 at an average price of $16.33. Upon completion of the transaction, the Chief Accounting Officer now directly owns 19,355 shares in the company, valued at $0.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 28, Chief Commercial Officer Schrenk Troy C. bought 4,609 shares of the business’s stock. A total of $68,075 was incurred on buying the stock at an average price of $14.77. This leaves the insider owning 36,104 shares of the company worth $0.56 million. Insiders disposed of 3,432,731 shares of company stock worth roughly $53.38 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TH stock. A new stake in Target Hospitality Corp. shares was purchased by COWBIRD CAPITAL LP during the first quarter worth $22,487,000. FIRST SABREPOINT CAPITAL MANAGEMENT LP invested $6,998,000 in shares of TH during the first quarter. In the first quarter, HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND acquired a new stake in Target Hospitality Corp. valued at approximately $6,784,000. FIRST TRUST ADVISORS LP acquired a new stake in TH for approximately $4,662,000. EMPYREAN CAPITAL PARTNERS, LP purchased a new stake in TH valued at around $4,276,000 in the second quarter. In total, there are 190 active investors with 97.50% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $15.00 for Target Hospitality Corp. (NASDAQ: TH). During the past 12 months, Target Hospitality Corp. has had a low of $3.25 and a high of $18.48. As of last week, the company has a debt-to-equity ratio of 2.30, a current ratio of 1.10, and a quick ratio of 1.10. The fifty day moving average price for TH is $15.87 and a two-hundred day moving average price translates $12.62 for the stock.
The latest earnings results from Target Hospitality Corp. (NASDAQ: TH) was released for Sep, 2022. According to the Specialty Business Services Company, earnings per share came in at $0.2, missing analysts’ expectations of $0.55 by -0.35. This compares to $0.07 EPS in the same period last year. The net profit margin was 10.50% and return on equity was 38.80% for TH. The company reported revenue of $159.56 million for the quarter, compared to $89.17 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 78.95 percent. For the current quarter, analysts expect TH to generate $148.27M in revenue.
Target Hospitality Corp.(TH) Company Profile
Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America. The company operates through four segments: Hospitality & Facilities Services – South, Hospitality & Facilities Services – Midwest, Government, and TCPL Keystone. It owns a network of specialty rental accommodation units. The company also provides catering and food, maintenance, housekeeping, grounds-keeping, security, health and recreation, workforce community management, concierge, and laundry services. It serves the U.S. government, government contractors, investment grade natural resource development companies, and energy infrastructure companies. The company was founded in 1978 and is headquartered in The Woodlands, Texas.
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