Stocks of Target Hospitality Corp. (NASDAQ:TH) traded higher last session on Wall Street, down -1.04% to $13.28.
According to the data, Target Hospitality Corp. (NASDAQ:TH) has 3 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $23.00 and a low of $20.00, we find $20.00. Given the previous closing price of $13.42, this indicates a potential upside of 49.03 percent. TH stock price is now -5.89% away from the 50-day moving average and -7.37% away from the 200-day moving average. The market capitalization of the company currently stands at $1.38B.
A total of 0 analysts have issued a hold rating and 3 have given it a buy rating. Brokers who have rated the stock have averaged $21.00 as their price target over the next twelve months.
With the price target maintained at $6, Oppenheimer recently Upgraded its rating from Perform to Outperform for Target Hospitality Corp. (NASDAQ: TH).
In other news, Kalamaras Eric, EVP and CFO sold 7,970 shares of the company’s stock on Jun 12. The stock was sold for $131,983 at an average price of $16.56. Upon completion of the transaction, the EVP and CFO now directly owns 25,969 shares in the company, valued at $0.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 09, EVP and CFO Kalamaras Eric sold 47,195 shares of the business’s stock. A total of $780,605 was realized by selling the stock at an average price of $16.54. This leaves the insider owning 33,939 shares of the company worth $0.45 million. Insiders disposed of 3,080,089 shares of company stock worth roughly $40.9 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 PHILADELPHIA FINANCIAL MANAGEMENT OF SAN FRANCISCO, LLC during the first quarter worth $11,516,000. DRIEHAUS CAPITAL MANAGEMENT LLC invested $4,372,000 in shares of TH during the first quarter. In the first quarter, MILLENNIUM MANAGEMENT LLC acquired a new stake in Target Hospitality Corp. valued at approximately $3,515,000. GARNET EQUITY CAPITAL HOLDINGS, INC. acquired a new stake in TH for approximately $2,270,000. NORDEA INVESTMENT MANAGEMENT AB purchased a new stake in TH valued at around $971,000 in the second quarter. In total, there are 199 active investors with 97.50% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $13.47 for Target Hospitality Corp. (NASDAQ: TH). During the past 12 months, Target Hospitality Corp. has had a low of $4.84 and a high of $18.48. As of last week, the company has a debt-to-equity ratio of 0.87, a current ratio of 0.30, and a quick ratio of 0.30. According to the stock market information, the enterprise value for the company is $1.53B, which is based on a 11.72 price-to-earnings ratio, a 0.78 price-to-earnings-growth ratio, and a beta of 2.14. The fifty day moving average price for TH is $14.11 and a two-hundred day moving average price translates $14.34 for the stock.
The latest earnings results from Target Hospitality Corp. (NASDAQ: TH) was released for Mar, 2023. According to the Specialty Business Services Company, earnings per share came in at $0.38, missing analysts’ expectations of $0.39 by -0.01. This compares to $0.01 EPS in the same period last year. The net profit margin was 20.60% and return on equity was 65.80% for TH. The company reported revenue of $147.82 million for the quarter, compared to $80.33 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 84.0 percent. For the current quarter, analysts expect TH to generate $136.13M 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. In addition, the company 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. Target Hospitality Corp. was founded in 1978 and is headquartered in The Woodlands, Texas.
