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

Healthcare Services Group, Inc. (NASDAQ:HCSG - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $14.80.

A number of research firms have commented on HCSG. Wall Street Zen raised shares of Healthcare Services Group from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Macquarie lifted their price objective on shares of Healthcare Services Group from $13.00 to $15.00 and gave the stock a "neutral" rating in a report on Monday, April 28th. Robert W. Baird boosted their price target on shares of Healthcare Services Group from $12.00 to $13.00 and gave the company a "neutral" rating in a report on Thursday, April 24th. Finally, UBS Group raised shares of Healthcare Services Group from a "neutral" rating to a "buy" rating and boosted their price target for the company from $12.00 to $15.00 in a report on Thursday, April 24th.

Healthcare Services Group Price Performance

HCSG stock traded down $0.08 during midday trading on Monday, reaching $14.20. 560,413 shares of the company's stock traded hands, compared to its average volume of 503,481. The company has a market capitalization of $1.04 billion, a P/E ratio of 26.30 and a beta of 0.55. Healthcare Services Group has a fifty-two week low of $9.13 and a fifty-two week high of $14.90. The business has a 50-day moving average price of $11.96 and a two-hundred day moving average price of $11.63.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last posted 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. The company had revenue of $447.66 million for the quarter, compared to analyst estimates of $443.82 million. Healthcare Services Group had a net margin of 2.30% and a return on equity of 11.76%. The business's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 earnings per share. As a group, research analysts forecast that Healthcare Services Group will post 0.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Healthcare Services Group

Institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new stake in Healthcare Services Group in the fourth quarter worth about $25,000. Sterling Capital Management LLC lifted its holdings in Healthcare Services Group by 803.4% in the fourth quarter. Sterling Capital Management LLC now owns 2,358 shares of the business services provider's stock worth $27,000 after purchasing an additional 2,097 shares during the period. US Bancorp DE lifted its holdings in Healthcare Services Group by 161.4% in the first quarter. US Bancorp DE now owns 8,097 shares of the business services provider's stock worth $82,000 after purchasing an additional 5,000 shares during the period. Bank of Montreal Can acquired a new stake in Healthcare Services Group in the fourth quarter worth about $118,000. Finally, Ieq Capital LLC acquired a new stake in Healthcare Services Group in the fourth quarter worth about $118,000. Institutional investors and hedge funds own 97.97% of the company's stock.

Healthcare Services Group Company Profile

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.