Northland Capmk Has Positive Outlook of TH FY2024 Earnings

Target Hospitality Corp. (NASDAQ:TH) – Research analysts at Northland Capmk upped their FY2024 EPS estimates for shares of Target Hospitality in a report released on Wednesday, November 13th. Northland Capmk analyst G. Gibas now expects that the company will post earnings per share of $0.65 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.

Several other analysts have also recently commented on the stock. Northland Securities raised their target price 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. Oppenheimer reiterated a “market perform” rating on shares of Target Hospitality in a report on Thursday.

Target Hospitality Price Performance

Shares of NASDAQ:TH opened at $9.08 on Friday. The stock has a market cap of $911.41 million, a P/E ratio of 10.43, a P/E/G ratio of 1.06 and a beta of 2.09. The firm has a fifty day moving average price of $8.37 and a 200 day moving average price of $9.28. Target Hospitality has a 1-year low of $6.11 and a 1-year high of $11.84.

Institutional Investors Weigh In On Target Hospitality

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted 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 worth $19,579,000 after acquiring an additional 26,796 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Target Hospitality by 10.1% in the third quarter. HighTower Advisors LLC now owns 1,466,356 shares of the company’s stock worth $11,408,000 after acquiring an additional 134,966 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Target Hospitality by 6.1% in the second quarter. Renaissance Technologies LLC now owns 741,036 shares of the company’s stock worth $6,454,000 after acquiring an additional 42,800 shares during the last quarter. State Street Corp boosted its position in shares of Target Hospitality by 1.7% in the third quarter. State Street Corp now owns 725,905 shares of the company’s stock worth $5,648,000 after acquiring an additional 12,087 shares during the last quarter. Finally, LB Partners LLC boosted its position in shares of Target Hospitality by 300.3% in the third quarter. LB Partners LLC now owns 536,428 shares of the company’s stock worth $4,173,000 after acquiring an additional 402,428 shares during the last quarter. 32.40% of the stock is currently owned by hedge funds and other institutional investors.

Target Hospitality Company Profile

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.