Northland Securities upgraded shares of Target Hospitality (NASDAQ:TH - Free Report) from a market perform rating to an outperform rating in a research report sent to investors on Wednesday, MarketBeat.com reports. Northland Securities currently has $15.00 price target on the stock, up from their prior price target of $11.00.
Separately, Oppenheimer reiterated a "market perform" rating on shares of Target Hospitality in a report on Thursday, November 14th.
Check Out Our Latest Analysis on Target Hospitality
Target Hospitality Trading Up 6.1 %
Shares of TH stock traded up $0.57 during mid-day trading on Wednesday, reaching $9.88. The stock had a trading volume of 561,357 shares, compared to its average volume of 572,225. Target Hospitality has a 12-month low of $6.11 and a 12-month high of $11.84. The business has a 50-day simple moving average of $9.29 and a 200 day simple moving average of $9.03. The company has a market cap of $977.53 million, a P/E ratio of 11.36, a price-to-earnings-growth ratio of 1.90 and a beta of 2.07.
Institutional Investors Weigh In On Target Hospitality
A number of institutional investors have recently added to or reduced their stakes in the company. Intech Investment Management LLC purchased a new stake in shares of Target Hospitality during the 3rd quarter worth about $87,000. SG Americas Securities LLC acquired a new position in Target Hospitality during the third quarter valued at approximately $108,000. The Manufacturers Life Insurance Company grew its stake in Target Hospitality by 11.9% during the second quarter. The Manufacturers Life Insurance Company now owns 14,480 shares of the company's stock worth $126,000 after buying an additional 1,540 shares during the period. Creative Planning acquired a new stake in shares of Target Hospitality in the third quarter worth $145,000. Finally, Victory Capital Management Inc. raised its stake in shares of Target Hospitality by 48.5% in the 3rd quarter. Victory Capital Management Inc. now owns 37,504 shares of the company's stock valued at $292,000 after acquiring an additional 12,242 shares during the period. Hedge funds and other institutional investors own 32.40% of the company's stock.
Target Hospitality Company Profile
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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.
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