Healthcare Services Group, Inc. (NASDAQ:HCSG) Receives $14.80 Average PT from Brokerages

Healthcare Services Group, Inc. (NASDAQ:HCSG - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the five analysts that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $14.80.

A number of equities analysts have weighed in on the company. Wall Street Zen upgraded Healthcare Services Group from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. UBS Group upgraded Healthcare Services Group from a "neutral" rating to a "buy" rating and upped their target price for the stock from $12.00 to $15.00 in a research note on Thursday, April 24th. Robert W. Baird upped their target price on Healthcare Services Group from $12.00 to $13.00 and gave the stock a "neutral" rating in a research note on Thursday, April 24th. Finally, Macquarie upped their target price on Healthcare Services Group from $13.00 to $15.00 and gave the stock a "neutral" rating in a research note on Monday, April 28th.

Hedge Funds Weigh In On Healthcare Services Group

Several institutional investors and hedge funds have recently bought and sold shares of HCSG. Wealthfront Advisers LLC bought a new position in Healthcare Services Group during the 4th quarter worth approximately $166,278,000. Nuveen LLC purchased a new position in shares of Healthcare Services Group in the first quarter worth $11,745,000. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Healthcare Services Group by 90.5% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 1,190,280 shares of the business services provider's stock worth $11,998,000 after buying an additional 565,520 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Healthcare Services Group in the fourth quarter worth $5,909,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Healthcare Services Group in the first quarter worth $4,601,000. 97.97% of the stock is currently owned by institutional investors.

Healthcare Services Group Stock Up 0.3%

Shares of NASDAQ:HCSG traded up $0.04 during midday trading on Monday, reaching $14.32. 213,244 shares of the company traded hands, compared to its average volume of 501,500. Healthcare Services Group has a 12 month low of $9.13 and a 12 month high of $14.90. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 26.62 and a beta of 0.55. The firm's fifty day moving average price is $11.89 and its two-hundred day moving average price is $11.61.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.05. Healthcare Services Group had a return on equity of 11.76% and a net margin of 2.30%. The company had revenue of $447.66 million for the quarter, compared to analyst estimates of $443.82 million. During the same period in the previous year, the company posted $0.22 EPS. The firm's revenue for the quarter was up 5.7% compared to the same quarter last year. Analysts forecast that Healthcare Services Group will post 0.74 earnings per share for the current year.

About Healthcare Services Group

Healthcare Services Group, Inc provides management, administrative, and operating services to the housekeeping, laundry, linen, facility maintenance, and dietary service departments of nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.