Target Hospitality (NASDAQ:TH) Raised to “Outperform” at Northland Securities

Target Hospitality (NASDAQ:TH) was upgraded by stock analysts at Northland Securities from a “market perform” rating to an “outperform” rating in a note issued to investors on Wednesday, Marketbeat reports. The brokerage presently has a $15.00 price target on the stock, up from their prior price target of $11.00. Northland Securities’ target price indicates a potential upside of 55.60% from the stock’s current price.

Separately, Oppenheimer reiterated a “market perform” rating on shares of Target Hospitality in a research note on Thursday, November 14th.

Target Hospitality Trading Down 2.4 %

Shares of TH stock opened at $9.64 on Wednesday. The company has a market cap of $953.78 million, a PE ratio of 11.08, a P/E/G ratio of 1.90 and a beta of 2.07. The company’s fifty day simple moving average is $9.33 and its 200-day simple moving average is $9.04. Target Hospitality has a 52 week low of $6.11 and a 52 week high of $11.84.

Institutional Investors Weigh In On Target Hospitality

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TH. Intech Investment Management LLC bought a new stake in shares of Target Hospitality during the 3rd quarter worth about $87,000. SG Americas Securities LLC acquired a new stake in shares of Target Hospitality in the third quarter worth $108,000. The Manufacturers Life Insurance Company grew its position in Target Hospitality by 11.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,480 shares of the company’s stock worth $126,000 after purchasing an additional 1,540 shares during the last quarter. Creative Planning bought a new position in Target Hospitality during the third quarter valued at about $145,000. Finally, Victory Capital Management Inc. raised its stake in shares of Target Hospitality by 48.5% in the third quarter. Victory Capital Management Inc. now owns 37,504 shares of the company’s stock valued at $292,000 after purchasing an additional 12,242 shares in the last quarter. Hedge funds and other institutional investors own 32.40% of the company’s stock.

About Target Hospitality

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.