Professional
Added to YB: 2024-06-28
Pitch date: 2024-06-27
TH [bullish]
Target Hospitality Corp.
+61.95%
current return
Author Info
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Company Info
Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America.
Market Cap
$652.6M
Pitch Price
$8.41
Price Target
9.50 (-30%)
Dividend
N/A
EV/EBITDA
7.02
P/E
-65.76
EV/Sales
2.02
Sector
Hotels, Restaurants and Leisure
Category
special_situation
Show full summary:
Target Hospitality (TH): An Attractive Bet on Deal Closure and Future Catalysts
TH: $8.2 implies 40% prob of $10.8 deal. EBITDA cut $39M in line w/ expectations. 65% owner likely still committed. Unaffected price $6.5 (4.2x EV/EBITDA). $10.8 bid = 2.6 up vs 2 down. 75-80% deal probability. Potential ICE contract upside. Quick resolution likely. Mispriced at $8.2, should be $9.5+.
Read full article (1 min)