Healthcare Services Group (NASDAQ:HCSG) Given New $15.00 Price Target at Macquarie

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) had its price target lifted by stock analysts at Macquarie from $13.00 to $15.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a "neutral" rating on the business services provider's stock. Macquarie's target price suggests a potential upside of 9.16% from the company's previous close.

Several other equities research analysts have also recently commented on HCSG. Robert W. Baird boosted their price target on shares of Healthcare Services Group from $12.00 to $13.00 and gave the stock a "neutral" rating in a research report on Thursday. UBS Group upgraded shares of Healthcare Services Group from a "neutral" rating to a "buy" rating and increased their price target for the company from $12.00 to $15.00 in a research note on Thursday. Finally, StockNews.com raised shares of Healthcare Services Group from a "hold" rating to a "buy" rating in a report on Friday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $14.80.

Healthcare Services Group Stock Performance

NASDAQ HCSG traded up $0.07 on Monday, reaching $13.74. The company had a trading volume of 326,853 shares, compared to its average volume of 488,361. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 25.45 and a beta of 0.62. The company's fifty day moving average is $10.45 and its 200-day moving average is $11.13. Healthcare Services Group has a 1-year low of $9.13 and a 1-year high of $13.87.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.23 earnings per share for the quarter, topping 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 firm had revenue of $447.66 million during the quarter, compared to the consensus estimate of $443.82 million. During the same quarter in the prior year, the firm posted $0.22 EPS. The business's revenue was up 5.7% on a year-over-year basis. On average, research analysts forecast that Healthcare Services Group will post 0.74 earnings per share for the current year.

Hedge Funds Weigh In On Healthcare Services Group

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in shares of Healthcare Services Group by 11.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 773,635 shares of the business services provider's stock worth $8,642,000 after purchasing an additional 76,456 shares during the period. Global Alpha Capital Management Ltd. acquired a new position in Healthcare Services Group in the fourth quarter valued at $822,000. Franklin Resources Inc. grew its holdings in Healthcare Services Group by 39.9% during the 3rd quarter. Franklin Resources Inc. now owns 560,588 shares of the business services provider's stock worth $5,858,000 after acquiring an additional 159,878 shares during the period. Barclays PLC grew its holdings in Healthcare Services Group by 169.3% during the 3rd quarter. Barclays PLC now owns 145,926 shares of the business services provider's stock worth $1,631,000 after acquiring an additional 91,733 shares during the period. Finally, Legato Capital Management LLC lifted its stake in shares of Healthcare Services Group by 215.5% in the 4th quarter. Legato Capital Management LLC now owns 139,263 shares of the business services provider's stock valued at $1,618,000 after purchasing an additional 95,118 shares during the period. Institutional investors 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.

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