Northland Securities analyst Jeff Grampp maintained a Buy rating on Target Hospitality Corp (TH) today and set a price target of $13. The company’s shares closed yesterday at $9.23, equals to its 52-week low of $9.23.
Grampp said:
“We view this announcement as further evidence of TH’s value proposition to customers and beneficiary position in a low-cost oil basin. TH now trades at 6.3x 2020 EV/EBITDA, a 17% discount to its peer group.”
According to TipRanks.com, Grampp ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -13.3% and a 22.8% success rate. Grampp covers the Basic Materials sector, focusing on stocks such as Penn Virginia Corporation, Sundance Energy Australia, and SilverBow Resources Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Target Hospitality Corp with a $13.60 average price target.
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Based on Target Hospitality Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $13.98 million. In comparison, last year the company had a net profit of $749.9K.
Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TH in relation to earlier this year.
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Target Hospitality Corp. engages in the provision of rental accommodations with premium catering and value-added hospitality services. Its services include catering, housekeeping and maintenance, recreation and leisure, fitness, security, and transportation. The company was founded in July 12, 2017 and is headquartered in The Woodlands, TX.
