Target Hospitality downgraded by Stifel with a new price target
$TH
Hotels/Resorts
Consumer Discretionary
Stifel downgraded Target Hospitality from Buy to Hold and set a new price target of $12.00 from $13.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/14/2024 | Perform | Oppenheimer | |
| 4/12/2024 | $13.00 → $12.00 | Buy → Hold | Stifel |
| 6/23/2021 | $6.00 | Perform → Outperform | Oppenheimer |
Shares of accommodations and hospitality services provider Target Hospitality Corp. (NASDAQ:TH) are trading higher after the company provided a business update and revised its 2024 outlook following the termination of a significant contract. Recently, the U.S. government notified Target Hospitality that the South Texas Family Residential Center (STFRC) contract will end on August 9, 2024. This contract contributed approximately $55.9 million to Target Hospitality’s revenue in 2023. With the STFRC contract termination and other factors, Target Hospitality updated 2024 financial projections, with total revenue of $375 million – $385 million (consensus $396.10 million), down from the prev
The Special Committee has made no decision at this time with respect to the Proposal, and the Company does not undertake any obligation to provide any updates with respect to the Proposal or any other transaction, except as required by applicable law or other regulatory requirements. There can be no assurance that any transaction will result from the Special Committee's evaluation of the Proposal, or, if so, the timing, terms and conditions of such transaction.
4 - Target Hospitality Corp. (0001712189) (Issuer)
4 - Target Hospitality Corp. (0001712189) (Issuer)
4 - Target Hospitality Corp. (0001712189) (Issuer)
THE WOODLANDS, Texas, Nov. 12, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ:TH), one of North America's largest providers of vertically-integrated modular accommodations and value-added hospitality services, today reported results for the three months ended September 30, 2024. Financial and Operational Highlights Revenue of $95.2 million for the three months ended September 30, 2024.Net income of $20.1 million for the three months ended September 30, 2024.Basic and diluted income per share of $0.20 for the three months ended September 30, 2024.Adjusted EBITDA(1) of $49.7 million for the three months ended September 30, 2024.Strong c
THE WOODLANDS, Texas, Nov. 4, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ:TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced that it will release its third quarter 2024 financial results before the market opens on Tuesday, November 12, 2024. The Company has also scheduled a conference call for Tuesday, November 12, 2024, at 9:00 am Eastern Time (8:00 am Central Time) to discuss the results. The conference call will be available by live webcast through the Investors section of Target Hospitality's website at www.TargetHospitality.com. Th
THE WOODLANDS, Texas, Aug. 7, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ:TH), one of North America's largest providers of vertically-integrated modular accommodations and value-added hospitality services, today reported results for the three months ended June 30, 2024. Financial and Operational Highlights Revenue of $100.7 million for the three months ended June 30, 2024.Net income of $18.4 million for the three months ended June 30, 2024.Basic and diluted income per share of $0.18 for the three months ended June 30, 2024.Adjusted EBITDA(1) of $52.2 million for the three months ended June 30, 2024.Strong cash generation with appro
8-K - Target Hospitality Corp. (0001712189) (Filer)
8-K - Target Hospitality Corp. (0001712189) (Filer)
10-Q - Target Hospitality Corp. (0001712189) (Filer)
THE WOODLANDS, Texas, Nov. 18, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ:TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced the extension and amendment of the Company's Pecos Children's Center ("PCC") contract, reaffirmed its previously announced 2024 financial outlook and enhanced its strategic capabilities. Since 2021, PCC has served as a cornerstone to the U.S. government's critical domestic humanitarian aid mission. The essential nature of this community supported a seamless PCC annual contract extension, representing the commun
THE WOODLANDS, Texas, Nov. 12, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ:TH), one of North America's largest providers of vertically-integrated modular accommodations and value-added hospitality services, today reported results for the three months ended September 30, 2024. Financial and Operational Highlights Revenue of $95.2 million for the three months ended September 30, 2024.Net income of $20.1 million for the three months ended September 30, 2024.Basic and diluted income per share of $0.20 for the three months ended September 30, 2024.Adjusted EBITDA(1) of $49.7 million for the three months ended September 30, 2024.Strong c
THE WOODLANDS, Texas, Nov. 4, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ:TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced that it will release its third quarter 2024 financial results before the market opens on Tuesday, November 12, 2024. The Company has also scheduled a conference call for Tuesday, November 12, 2024, at 9:00 am Eastern Time (8:00 am Central Time) to discuss the results. The conference call will be available by live webcast through the Investors section of Target Hospitality's website at www.TargetHospitality.com. Th
SC 13G - Target Hospitality Corp. (0001712189) (Subject)
SC 13D/A - Target Hospitality Corp. (0001712189) (Subject)
SC 13G/A - Target Hospitality Corp. (0001712189) (Subject)
Oppenheimer resumed coverage of Target Hospitality with a rating of Perform
Stifel downgraded Target Hospitality from Buy to Hold and set a new price target of $12.00 from $13.00 previously
Oppenheimer upgraded Target Hospitality from Perform to Outperform and set a new price target of $6.00
THE WOODLANDS, Texas, Feb. 20, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality," "Target" or the "Company") (NASDAQ:TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services today announced the appointment of Mr. John C. Dorman to its board of directors, effective February 16, 2024. Mr. Dorman will serve as an independent director as well as a member of the Nominating and Corporate Governance and Audit Committees. Mr. Dorman's experience serving in executive leadership roles, through the founding and growth of multiple entrepreneurial successes, will provide relevant insight as Target continues to pu
THE WOODLANDS, Texas, June 20, 2023 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality," "Target" or the "Company") (NASDAQ:TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, advances its strategic diversification focus, with the appointment of Mr. Alejandro ("Alex") Hernandez to its board of directors, effective June 19, 2023. Mr. Hernandez will serve as an independent director as well as a member of the Audit and Compensation Committees. Mr. Hernandez's experience serving in executive leadership roles across a variety of end markets, including energy transition, renewables, nuclear services, and dat
THE WOODLANDS, Texas, Feb. 28, 2022 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ:TH), North America's largest provider of vertically-integrated modular accommodations and value-added hospitality services, today announced that Brad Archer has decided to step down as President, Chief Executive Officer and member of the Company's Board of Directors. As part of its succession plan, the Board has formed a search committee and will engage an executive search firm to identify a successor CEO. Mr. Archer will continue to lead the Company in his current position, assist with the CEO search and help onboard his successor until December 31, 2022, e