Target Hospitality Corp (TH) Gets a Buy Rating from Northland Securities


Northland Securities analyst Jeff Grampp reiterated a Buy rating on Target Hospitality Corp (TH) today and set a price target of $13. The company’s shares closed yesterday at $9.31, close to its 52-week low of $9.23.

Grampp observed:

“We view this as a positive sign for future consolidation of the Permian Basin. Additionally, management found the time to host a conference call with us yesterday and we include incremental takeaways below, noting its overall positive tone and optimism in business prospects. We reiterate our Outperform rating and $13 PT.”

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.

Currently, the analyst consensus on Target Hospitality Corp is a Strong Buy with an average price target of $13.60.

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The company has a one-year high of $12.11 and a one-year low of $9.23. Currently, Target Hospitality Corp has an average volume of 280.9K.

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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