Target Hospitality (NASDAQ:TH) Stock Rating Upgraded by Northland Capmk

Target Hospitality (NASDAQ:TH) was upgraded by stock analysts at Northland Capmk from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Other research analysts have also issued research reports about the company. Northland Securities raised Target Hospitality from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $11.00 to $15.00 in a research report on Wednesday. Oppenheimer reissued a “market perform” rating on shares of Target Hospitality in a research report on Thursday, November 14th.

Target Hospitality Stock Down 2.4 %

Shares of TH opened at $9.64 on Wednesday. Target Hospitality has a twelve month low of $6.11 and a twelve month high of $11.84. The company has a 50 day moving average of $9.33 and a 200-day moving average of $9.04. The stock has a market capitalization of $953.78 million, a P/E ratio of 11.08, a P/E/G ratio of 1.90 and a beta of 2.07.

Institutional Trading of Target Hospitality

Institutional investors have recently modified their holdings of the stock. Intech Investment Management LLC acquired a new stake in Target Hospitality in the third quarter valued at about $87,000. SG Americas Securities LLC bought a new position in shares of Target Hospitality in the third quarter worth about $108,000. The Manufacturers Life Insurance Company boosted its stake in shares of Target Hospitality by 11.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,480 shares of the company’s stock valued at $126,000 after purchasing an additional 1,540 shares in the last quarter. Creative Planning bought a new stake in shares of Target Hospitality during the 3rd quarter valued at approximately $145,000. Finally, Victory Capital Management Inc. increased its position in Target Hospitality by 48.5% during the 3rd quarter. Victory Capital Management Inc. now owns 37,504 shares of the company’s stock worth $292,000 after purchasing an additional 12,242 shares in the last quarter. 32.40% of the stock is currently owned by institutional investors.

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.