Oppenheimer reaffirmed their outperform rating on shares of Target Hospitality (NASDAQ:TH – Get Rating) in a report issued on Monday, Benzinga reports. Oppenheimer currently has a $22.00 price objective on the stock.
Several other brokerages have also issued reports on TH. TheStreet upgraded Target Hospitality from a c+ rating to a b rating in a report on Wednesday, February 1st. Northland Securities raised their price target on Target Hospitality from $22.00 to $26.00 in a research note on Monday.
Target Hospitality Stock Up 0.3 %
TH stock opened at $16.71 on Monday. The company has a 50 day moving average of $16.05 and a two-hundred day moving average of $14.33. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 0.62 and a beta of 2.24. Target Hospitality has a 12-month low of $4.68 and a 12-month high of $18.48. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.30.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of TH. Raymond James & Associates bought a new stake in shares of Target Hospitality in the first quarter valued at about $70,000. Vanguard Group Inc. lifted its position in shares of Target Hospitality by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 1,457,558 shares of the company’s stock worth $8,744,000 after acquiring an additional 16,020 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Target Hospitality by 4.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 67,987 shares of the company’s stock worth $408,000 after purchasing an additional 3,199 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Target Hospitality by 17.1% during the first quarter. Renaissance Technologies LLC now owns 311,500 shares of the company’s stock valued at $1,869,000 after purchasing an additional 45,452 shares during the period. Finally, Engineers Gate Manager LP raised its stake in shares of Target Hospitality by 652.4% in the first quarter. Engineers Gate Manager LP now owns 79,099 shares of the company’s stock valued at $475,000 after purchasing an additional 68,586 shares in the last quarter. 30.30% of the stock is currently owned by institutional investors and hedge funds.
About Target Hospitality
Target Hospitality Corp. engages in the provision of rental accommodations with premium catering and value-added hospitality services. It operates through the following business segments: Hospitality & Facilities Services – South, Hospitality & Facilities Services Midwest, and Government. The Hospitality & Facilities Services – South segment operates facilities in the Permian Basin region and communities in Texas and New Mexico.
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