Target Hospitality (NASDAQ:TH) Price Target Raised to $11.00 at Northland Securities

Posted by ABMN Staff on Nov 15th, 2024

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

Target Hospitality Trading Down 5.3 %

Shares of TH 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’s 50 day simple moving average is $8.39 and its 200-day simple moving average is $9.29. Target Hospitality has a 12-month low of $6.11 and a 12-month high of $11.84.

Hedge Funds Weigh In On Target Hospitality

A number of hedge funds have recently modified their holdings of the business. Covestor Ltd grew its position in 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 buying an additional 1,092 shares during the last quarter. Intech Investment Management LLC purchased a new position in Target Hospitality in the 3rd quarter valued at $87,000. Bleakley Financial Group LLC purchased a new position in Target Hospitality in the 1st quarter valued at $122,000. Quest Partners LLC grew its position in Target Hospitality by 4,201.9% in the 2nd quarter. Quest Partners LLC now owns 13,508 shares of the company’s stock valued at $118,000 after buying an additional 13,194 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Target Hospitality in the 3rd quarter valued at $108,000. 32.40% of the stock is currently owned by hedge funds and other institutional investors.

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.