Target Hospitality (NASDAQ:TH - Get Free Report) had its price target boosted by equities researchers at Northland Securities from $9.00 to $11.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "market perform" rating on the stock. Northland Securities' price objective points to a potential upside of 12.24% from the stock's current price.
Target Hospitality Price Performance
NASDAQ TH traded down $0.04 during trading hours on Wednesday, reaching $9.80. 784,206 shares of the stock traded hands, compared to its average volume of 534,936. The company has a market cap of $984.21 million, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 1.06 and a beta of 2.09. The stock has a 50 day simple moving average of $8.39 and a two-hundred day simple moving average of $9.29. Target Hospitality has a 1 year low of $6.11 and a 1 year high of $11.88.
Institutional Investors Weigh In On Target Hospitality
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Covestor Ltd lifted its stake in Target Hospitality by 13.9% in the first quarter. Covestor Ltd now owns 8,925 shares of the company's stock worth $97,000 after purchasing an additional 1,092 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of Target Hospitality during the third quarter valued at approximately $87,000. Bleakley Financial Group LLC bought a new stake in shares of Target Hospitality during the first quarter valued at approximately $122,000. Quest Partners LLC raised its stake in shares of Target Hospitality by 4,201.9% during the second quarter. Quest Partners LLC now owns 13,508 shares of the company's stock valued at $118,000 after acquiring an additional 13,194 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Target Hospitality during the third quarter valued at approximately $108,000. Hedge funds and other institutional investors own 32.40% of the company's stock.
About Target Hospitality
(
Get Free Report)
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.
Read More
Before you consider Target Hospitality, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Target Hospitality wasn't on the list.
While Target Hospitality currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2025 and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
