FY2024 EPS Estimate for Target Hospitality Lifted by Analyst

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

A number of other equities research analysts also recently issued reports on TH. Oppenheimer restated a “market perform” rating on shares of Target Hospitality in a research note on Thursday. Northland Securities boosted their target price on shares of Target Hospitality from $9.00 to $11.00 and gave the company a “market perform” rating in a research report on Wednesday.

Target Hospitality Stock Performance

Target Hospitality stock opened at $9.28 on Friday. Target Hospitality has a one year low of $6.11 and a one year high of $11.84. The stock has a fifty day moving average of $8.39 and a 200 day moving average of $9.29. The stock 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.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TH. BNP Paribas Financial Markets boosted its holdings in shares of Target Hospitality by 154.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 83,708 shares of the company’s stock valued at $651,000 after purchasing an additional 50,758 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Target Hospitality by 28.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 271,590 shares of the company’s stock valued at $2,113,000 after purchasing an additional 60,569 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Target Hospitality during the 3rd quarter valued at about $87,000. Victory Capital Management Inc. boosted its holdings in shares of Target Hospitality by 48.5% during the 3rd 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 during the last quarter. Finally, LB Partners LLC boosted its holdings in shares of Target Hospitality by 300.3% during the 3rd quarter. LB Partners LLC now owns 536,428 shares of the company’s stock valued at $4,173,000 after purchasing an additional 402,428 shares during the last quarter. Institutional investors own 32.40% of the company’s stock.

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.