Northland Securities analyst Jeff Grampp reiterated a Buy rating on Target Hospitality Corp (TH) today and set a price target of $14. The company’s shares closed last Monday at $7.90, close to its 52-week low of $7.35.
Grampp wrote:
“We currently estimate near 20% EBITDA growth from 1H19 to 2H19 as a result of organic growth and acquisitions previously announced, therefore we believe the growth is relatively low-risk. We reiterate our Outperform rating and $14 PT.”
According to TipRanks.com, Grampp ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -17.0% and a 20.2% success rate. Grampp covers the Basic Materials sector, focusing on stocks such as Sundance Energy Australia, Penn Virginia Corporation, and SilverBow Resources Inc.
Target Hospitality Corp has an analyst consensus of Strong Buy, with a price target consensus of $13.50.
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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 $1.17 million.
Based on the recent corporate insider activity of 17 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.
