Northland Securities Issues Positive Forecast for Target Hospitality (NASDAQ:TH) Stock Price

Target Hospitality (NASDAQ:TH) had its target price upped by Northland Securities from $9.00 to $11.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has a market perform rating on the stock.

Target Hospitality Stock Performance

Shares of TH stock opened at $9.08 on Wednesday. The stock has a 50 day moving average price of $8.37 and a 200 day moving average price of $9.28. The firm has a market capitalization of $911.41 million, a P/E ratio of 10.43, a P/E/G ratio of 1.06 and a beta of 2.09. Target Hospitality has a 52-week low of $6.11 and a 52-week high of $11.84.

Institutional Investors Weigh In On Target Hospitality

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TH. Intech Investment Management LLC purchased a new stake in shares of Target Hospitality in the 3rd quarter worth $87,000. Covestor Ltd grew its holdings in Target Hospitality by 13.9% during the 1st quarter. Covestor Ltd now owns 8,925 shares of the company’s stock worth $97,000 after acquiring an additional 1,092 shares in the last quarter. SG Americas Securities LLC purchased a new position in Target Hospitality during the 3rd quarter valued at about $108,000. Quest Partners LLC raised its holdings in shares of 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 purchasing an additional 13,194 shares in the last quarter. Finally, Bleakley Financial Group LLC purchased a new stake in shares of Target Hospitality in the 1st quarter worth approximately $122,000. 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.