Target Hospitality (NYSE:TH) announced its earnings results on Tuesday. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.01), Morningstar.com reports. The company had revenue of $81.36 million for the quarter, compared to analyst estimates of $82.58 million.

TH traded down $1.16 during trading hours on Wednesday, hitting $6.74. 14,565 shares of the company’s stock were exchanged, compared to its average volume of 320,919. Target Hospitality has a 1-year low of $7.35 and a 1-year high of $12.11. The firm has a 50-day moving average price of $8.75.

Several research analysts recently commented on the stock. Deutsche Bank assumed coverage on shares of Target Hospitality in a report on Tuesday, May 21st. They set a “buy” rating and a $14.00 target price for the company. National Bank of Canada restated a “sector perform” rating on shares of Target Hospitality in a report on Friday, July 12th. Northland Securities set a $14.00 target price on shares of Target Hospitality and gave the stock a “buy” rating in a report on Tuesday, July 2nd. Oppenheimer assumed coverage on shares of Target Hospitality in a report on Thursday, May 23rd. They set an “outperform” rating and a $13.00 target price for the company. Finally, Stifel Nicolaus assumed coverage on shares of Target Hospitality in a report on Wednesday, May 15th. They set a “buy” rating and a $10.59 target price for the company. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Target Hospitality currently has a consensus rating of “Buy” and an average target price of $12.92.

In other Target Hospitality news, CEO James B. Archer bought 28,000 shares of Target Hospitality stock in a transaction that occurred on Friday, May 17th. The stock was acquired at an average price of $10.74 per share, for a total transaction of $300,720.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrew P. Studdert bought 10,000 shares of Target Hospitality stock in a transaction that occurred on Friday, May 17th. The shares were acquired at an average price of $10.78 per share, with a total value of $107,800.00. The disclosure for this purchase can be found here. Insiders have purchased 41,200 shares of company stock valued at $443,496 in the last 90 days.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of Montreal Can bought a new position in shares of Target Hospitality in the second quarter valued at about $25,000. Strs Ohio bought a new position in shares of Target Hospitality in the second quarter valued at about $80,000. JPMorgan Chase & Co. raised its position in shares of Target Hospitality by 885.8% in the second quarter. JPMorgan Chase & Co. now owns 11,830 shares of the company’s stock valued at $107,000 after purchasing an additional 10,630 shares during the period. Creative Planning bought a new position in shares of Target Hospitality in the second quarter valued at about $138,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Target Hospitality by 981.6% in the second quarter. Tower Research Capital LLC TRC now owns 18,204 shares of the company’s stock valued at $166,000 after purchasing an additional 16,521 shares during the period.

Target Hospitality Company Profile

Target Hospitality Corp., through its subsidiaries, provides specialty rental accommodations with catering and value-added hospitality services in the United States. The company was formerly known as Platinum Eagle Acquisition Corp. and changed its name to Target Hospitality Corp. in March 2019. The company is headquartered in The Woodlands, Texas.

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