Healthcare Services Group (NASDAQ:HCSG) Price Target Raised to $24.00 at Benchmark

Key Points

• Healthcare Services Group's price target has been raised from $19.00 to $24.00 by Benchmark, indicating a potential upside of 27.32%.
• The stock currently has a Moderate Buy average rating with a consensus price target of $17.50, following mixed ratings from various analysts.
• In its latest earnings report, the company reported $0.23 earnings per share, exceeding expectations and showcasing an 8.5% year-over-year revenue growth.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) had its target price boosted by analysts at Benchmark from $19.00 to $24.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the business services provider's stock. Benchmark's price objective indicates a potential upside of 27.32% from the company's current price.

HCSG has been the topic of a number of other reports. Zacks Research cut Healthcare Services Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 30th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Healthcare Services Group in a research report on Wednesday, October 8th. Macquarie raised shares of Healthcare Services Group from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $15.00 to $16.00 in a research report on Tuesday, July 29th. Robert W. Baird increased their price objective on shares of Healthcare Services Group from $13.00 to $15.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, Wall Street Zen lowered shares of Healthcare Services Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Healthcare Services Group currently has an average rating of "Moderate Buy" and an average price target of $17.50.

Healthcare Services Group Stock Up 13.8%

HCSG opened at $18.85 on Thursday. The firm's 50 day moving average is $15.98 and its 200-day moving average is $14.37. Healthcare Services Group has a 52-week low of $9.13 and a 52-week high of $20.00. The firm has a market capitalization of $1.36 billion, a P/E ratio of 134.64 and a beta of 0.70.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last released its quarterly earnings results on Wednesday, October 22nd. The business services provider reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.02. Healthcare Services Group had a net margin of 0.61% and a return on equity of 11.74%. The business had revenue of $464.34 million during the quarter, compared to analyst estimates of $460.36 million. During the same period last year, the business earned $0.19 EPS. The business's revenue was up 8.5% on a year-over-year basis. Healthcare Services Group has set its Q4 2025 guidance at EPS. Equities analysts expect that Healthcare Services Group will post 0.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP John Christopher Shea sold 21,368 shares of the business's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $13.25, for a total transaction of $283,126.00. Following the completion of the sale, the executive vice president owned 32,976 shares of the company's stock, valued at $436,932. This represents a 39.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.60% of the stock is currently owned by insiders.

Institutional Trading of Healthcare Services Group

Several hedge funds have recently bought and sold shares of the company. North Star Investment Management Corp. grew its position in Healthcare Services Group by 21.3% in the 3rd quarter. North Star Investment Management Corp. now owns 170,950 shares of the business services provider's stock worth $2,877,000 after purchasing an additional 30,000 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Healthcare Services Group by 9.3% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 33,903 shares of the business services provider's stock valued at $571,000 after buying an additional 2,879 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Healthcare Services Group during the third quarter worth approximately $1,379,000. Synergy Asset Management LLC bought a new position in Healthcare Services Group in the 3rd quarter worth approximately $2,860,000. Finally, Trail Ridge Investment Advisors LLC increased its position in Healthcare Services Group by 2.6% in the 3rd quarter. Trail Ridge Investment Advisors LLC now owns 24,309 shares of the business services provider's stock valued at $409,000 after acquiring an additional 609 shares during the period. 97.97% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.