Northland Securities Forecasts Strong Price Appreciation for Target Hospitality (NASDAQ:TH) Stock

Target Hospitality (NASDAQ:TH) had its price objective lifted by Northland Securities from $9.00 to $11.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Northland Securities’ price objective would suggest a potential upside of 18.53% from the company’s current price.

Target Hospitality Price Performance

Shares of TH stock opened at $9.28 on Wednesday. The firm has a market cap of $931.99 million, a PE ratio of 11.26, a price-to-earnings-growth ratio of 1.06 and a beta of 2.09. The company has a 50-day moving average of $8.39 and a two-hundred day moving average of $9.29. Target Hospitality has a 1-year low of $6.11 and a 1-year high of $11.84.

Institutional Trading of Target Hospitality

Several hedge funds have recently added to or reduced their stakes in TH. LB Partners LLC raised its holdings in Target Hospitality by 300.3% in the third quarter. LB Partners LLC now owns 536,428 shares of the company’s stock valued at $4,173,000 after acquiring an additional 402,428 shares in the last quarter. DRW Securities LLC purchased a new position in Target Hospitality in the second quarter valued at approximately $1,456,000. Denali Advisors LLC increased its stake in Target Hospitality by 856.2% in the second quarter. Denali Advisors LLC now owns 185,500 shares of the company’s stock valued at $1,616,000 after purchasing an additional 166,100 shares during the last quarter. Atlas Merchant Capital LLC purchased a new position in Target Hospitality in the second quarter valued at approximately $1,306,000. Finally, American Century Companies Inc. increased its stake in Target Hospitality by 39.7% in the second quarter. American Century Companies Inc. now owns 397,324 shares of the company’s stock valued at $3,461,000 after purchasing an additional 112,833 shares during the last quarter. Institutional investors and hedge funds 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.