FY2024 EPS Estimate for Target Hospitality Raised by Analyst

Target Hospitality Corp. (NASDAQ:TH - Free Report) - Stock analysts at Northland Capmk upped their FY2024 earnings estimates for Target Hospitality in a research report issued on Wednesday, November 13th. Northland Capmk analyst G. Gibas now forecasts that the company will post earnings of $0.65 per share for the year, up from their prior forecast of $0.59. The consensus estimate for Target Hospitality's current full-year earnings is $0.62 per share. Northland Capmk also issued estimates for Target Hospitality's Q4 2024 earnings at $0.07 EPS and Q4 2025 earnings at $0.09 EPS.

TH has been the topic of several other reports. Oppenheimer reaffirmed a "market perform" rating on shares of Target Hospitality in a report on Thursday. Northland Securities raised their price objective on shares of Target Hospitality from $9.00 to $11.00 and gave the stock a "market perform" rating in a research note on Wednesday.

Target Hospitality Trading Down 2.2 %

Shares of NASDAQ TH traded down $0.21 during trading on Friday, reaching $9.08. 828,208 shares of the company traded hands, compared to its average volume of 536,888. The stock has a market cap of $911.41 million, a P/E ratio of 10.61, a PEG ratio of 1.06 and a beta of 2.09. The firm's fifty day simple moving average is $8.38 and its 200 day simple moving average is $9.29. Target Hospitality has a 12-month low of $6.11 and a 12-month high of $11.84.

Institutional Trading of Target Hospitality

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its stake in shares of Target Hospitality by 10.1% during the first quarter. BNP Paribas Financial Markets now owns 45,231 shares of the company's stock worth $492,000 after purchasing an additional 4,161 shares in the last quarter. Bleakley Financial Group LLC acquired a new position in shares of Target Hospitality during the first quarter valued at approximately $122,000. Vanguard Group Inc. lifted its position in shares of Target Hospitality by 1.5% in the first quarter. Vanguard Group Inc. now owns 1,801,234 shares of the company's stock valued at $19,579,000 after acquiring an additional 26,796 shares in the last quarter. Covestor Ltd lifted its position in shares of Target Hospitality by 13.9% in the first quarter. Covestor Ltd now owns 8,925 shares of the company's stock valued at $97,000 after acquiring an additional 1,092 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its stake in shares of Target Hospitality by 347.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 17,128 shares of the company's stock worth $186,000 after acquiring an additional 13,301 shares during the last quarter. 32.40% of the stock is currently owned by hedge funds and other institutional investors.

About Target Hospitality

Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America. The company operates through two segments, Hospitality & Facilities Services - South and Government. 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 facilities, workforce community management, concierge, and laundry services.