Healthcare Services Group (NASDAQ:HCSG) Price Target Raised to $15.00 at Robert W. Baird

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) had its price objective boosted by analysts at Robert W. Baird from $13.00 to $15.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the business services provider's stock. Robert W. Baird's price objective would suggest a potential upside of 7.74% from the stock's previous close.

A number of other brokerages have also commented on HCSG. Macquarie raised their target price on shares of Healthcare Services Group from $13.00 to $15.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. Wall Street Zen raised shares of Healthcare Services Group from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Finally, UBS Group raised shares of Healthcare Services Group from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $12.00 to $15.00 in a report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $15.60.

Healthcare Services Group Stock Performance

Shares of HCSG traded down $0.71 during midday trading on Thursday, hitting $13.92. 427,248 shares of the company traded hands, compared to its average volume of 632,920. The firm has a 50 day moving average of $14.33 and a 200-day moving average of $12.33. Healthcare Services Group has a 52 week low of $9.13 and a 52 week high of $15.73. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 24.82 and a beta of 0.57.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. The business had revenue of $458.50 million during the quarter, compared to the consensus estimate of $450.78 million. Healthcare Services Group had a net margin of 2.38% and a return on equity of 11.68%. The firm's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.20 earnings per share. Sell-side analysts predict that Healthcare Services Group will post 0.74 earnings per share for the current fiscal year.

Institutional Trading of Healthcare Services Group

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Healthcare Services Group by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 8,276,610 shares of the business services provider's stock valued at $96,133,000 after purchasing an additional 23,373 shares during the period. Royce & Associates LP lifted its stake in shares of Healthcare Services Group by 0.3% in the first quarter. Royce & Associates LP now owns 4,684,038 shares of the business services provider's stock valued at $47,215,000 after purchasing an additional 15,439 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Healthcare Services Group by 0.8% in the first quarter. Mackenzie Financial Corp now owns 4,128,934 shares of the business services provider's stock valued at $41,620,000 after purchasing an additional 34,037 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Healthcare Services Group by 9.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,523,745 shares of the business services provider's stock valued at $29,313,000 after purchasing an additional 208,810 shares during the period. Finally, Palisade Capital Management LP lifted its stake in shares of Healthcare Services Group by 0.9% in the first quarter. Palisade Capital Management LP now owns 2,237,866 shares of the business services provider's stock valued at $22,558,000 after purchasing an additional 20,720 shares during the period. Institutional investors and hedge funds own 97.97% of the company's stock.

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.

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