Target Hospitality Corp. (NYSE:TH) Receives Consensus Recommendation of “Buy” from Brokerages

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Target Hospitality Corp. (NYSE:TH) has received a consensus rating of “Buy” from the six analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $12.92.

Several equities research analysts have recently weighed in on the stock. Deutsche Bank reissued a “buy” rating and issued a $24.00 target price on shares of ABB in a research report on Tuesday, May 21st. National Bank of Canada reiterated a “sector perform” rating on shares of Target Hospitality in a research report on Friday, July 12th. Oppenheimer dropped their target price on shares of KemPharm from $8.00 to $3.00 and set an “outperform” rating for the company in a research report on Thursday, May 23rd. Credit Suisse Group upgraded shares of Vipshop from an “underperform” rating to a “neutral” rating in a research report on Thursday, May 23rd. Finally, Stifel Nicolaus upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating and increased their target price for the stock from $135.00 to $180.00 in a research report on Wednesday, May 15th.

In other news, insider Troy C. Schrenk bought 3,200 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were acquired at an average cost of $10.93 per share, for a total transaction of $34,976.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James B. Archer bought 28,000 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were purchased at an average price of $10.74 per share, for a total transaction of $300,720.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 41,200 shares of company stock worth $443,496 in the last three months.

A number of hedge funds have recently added to or reduced their stakes in TH. Private Capital Management LLC acquired a new position in shares of Target Hospitality in the first quarter valued at approximately $9,646,000. Mint Tower Capital Management B.V. bought a new position in Target Hospitality in the 1st quarter worth about $1,202,000. Finally, Mesirow Financial Investment Management Inc. boosted its stake in Target Hospitality by 107.2% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 71,603 shares of the company’s stock worth $675,000 after purchasing an additional 37,039 shares during the period.

Shares of TH stock traded down $0.17 on Friday, hitting $8.90. The company had a trading volume of 3,978 shares, compared to its average volume of 346,858. The company’s 50-day simple moving average is $9.65. Target Hospitality has a twelve month low of $8.92 and a twelve month high of $12.11.

Target Hospitality (NYSE:TH) last posted its 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.

About Target Hospitality

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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Analyst Recommendations for Target Hospitality (NYSE:TH)

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