Oppenheimer Reaffirms Their Hold Rating on Target Hospitality (TH)

In a report released yesterday, Scott Schneeberger from Oppenheimer maintained a Hold rating on Target Hospitality (THResearch Report). The company’s shares closed last Tuesday at $3.23.

According to TipRanks.com, Schneeberger is a 5-star analyst with an average return of 12.8% and a 66.5% success rate. Schneeberger covers the Services sector, focusing on stocks such as Service International, Stericycle, and H&R Block.

Target Hospitality has an analyst consensus of Hold, with a price target consensus of $2.50, which is a -4.2% downside from current levels. In a report issued on March 31, Deutsche Bank also maintained a Hold rating on the stock with a $2.50 price target.

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Based on Target Hospitality’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $51.61 million and GAAP net loss of $9.21 million. In comparison, last year the company earned revenue of $76.11 million and had a net profit of $66K.

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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.