Target Hospitality (NASDAQ:TH) Reaches New 52-Week Low at $6.21

Target Hospitality Corp. (NASDAQ:THGet Free Report)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as $6.21 and last traded at $6.65, with a volume of 2556927 shares. The stock had previously closed at $10.50.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TH. Stifel Nicolaus reaffirmed a “hold” rating and issued a $12.00 price objective (down from $13.00) on shares of Target Hospitality in a research note on Friday, April 12th. Oppenheimer lowered their price target on Target Hospitality from $12.00 to $10.00 and set an “outperform” rating for the company in a research report on Monday, March 25th.

View Our Latest Stock Analysis on TH

Target Hospitality Stock Down 32.3 %

The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.78 and a current ratio of 2.78. The company has a fifty day simple moving average of $11.15 and a two-hundred day simple moving average of $10.18. The firm has a market capitalization of $712.99 million, a PE ratio of 4.89, a PEG ratio of 1.06 and a beta of 2.09.

Target Hospitality (NASDAQ:THGet Free Report) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. The firm had revenue of $106.70 million for the quarter, compared to the consensus estimate of $101.97 million. Target Hospitality had a net margin of 27.37% and a return on equity of 41.41%. The company’s quarterly revenue was down 27.8% on a year-over-year basis. During the same period last year, the firm earned $0.40 earnings per share. Analysts forecast that Target Hospitality Corp. will post 0.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Target Hospitality

Institutional investors have recently added to or reduced their stakes in the business. Naples Money Management LLC acquired a new position in shares of Target Hospitality in the fourth quarter valued at about $32,000. Tower Research Capital LLC TRC raised its position in Target Hospitality by 664.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,849 shares of the company’s stock worth $47,000 after buying an additional 4,215 shares during the last quarter. Denali Advisors LLC acquired a new stake in Target Hospitality during the 4th quarter valued at approximately $91,000. Covestor Ltd boosted its holdings in shares of Target Hospitality by 13.9% in the 1st quarter. Covestor Ltd now owns 8,925 shares of the company’s stock valued at $97,000 after acquiring an additional 1,092 shares during the last quarter. Finally, Simplicity Wealth LLC purchased a new stake in shares of Target Hospitality in the 1st quarter valued at $122,000. Institutional investors and hedge funds own 32.40% of the company’s stock.

Target Hospitality Company Profile

(Get Free Report)

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.

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