Target Hospitality Corp. (NASDAQ:TH - Get Free Report) was up 7.9% on Tuesday . The stock traded as high as $5.62 and last traded at $5.45. Approximately 476,609 shares traded hands during trading, a decline of 47% from the average daily volume of 892,374 shares. The stock had previously closed at $5.05.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on TH. Northland Capmk upgraded Target Hospitality from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 29th. Stifel Nicolaus cut their price target on shares of Target Hospitality from $10.00 to $5.00 and set a "hold" rating on the stock in a report on Wednesday, February 26th. Northland Securities upgraded Target Hospitality from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $11.00 to $15.00 in a research report on Wednesday, January 29th. Finally, Oppenheimer reiterated a "market perform" rating on shares of Target Hospitality in a report on Thursday, November 14th.
Get Our Latest Stock Report on Target Hospitality
Target Hospitality Trading Down 1.1 %
The company has a market cap of $549.12 million, a PE ratio of 6.38, a P/E/G ratio of 1.81 and a beta of 2.07. The company's 50 day moving average is $9.27 and its 200 day moving average is $8.89.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Empyrean Capital Partners LP purchased a new position in Target Hospitality during the fourth quarter valued at approximately $9,781,000. Teacher Retirement System of Texas bought a new stake in Target Hospitality during the fourth quarter valued at about $2,705,000. Shay Capital LLC purchased a new position in Target Hospitality in the fourth quarter valued at about $2,667,000. Arrowstreet Capital Limited Partnership raised its holdings in Target Hospitality by 32.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,008,702 shares of the company's stock worth $9,749,000 after purchasing an additional 245,252 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Target Hospitality by 420.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 199,358 shares of the company's stock worth $1,927,000 after acquiring an additional 161,036 shares in the last quarter. Institutional investors own 32.40% of the company's stock.
Target Hospitality Company Profile
(
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.
Further Reading
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 Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
