Healthcare Services Group, Inc. (NASDAQ:HCSG) Given Consensus Rating of “Hold” by Analysts

Shares of Healthcare Services Group, Inc. (NASDAQ:HCSGGet Rating) have been given a consensus rating of “Hold” by the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $18.50.

A number of equities analysts recently commented on HCSG shares. Zacks Investment Research lowered Healthcare Services Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 26th. Jefferies Financial Group lowered Healthcare Services Group from a “hold” rating to an “underperform” rating and dropped their price target for the company from $19.00 to $13.50 in a research note on Thursday, February 10th. Finally, StockNews.com started coverage on Healthcare Services Group in a research note on Thursday, March 31st. They set a “hold” rating for the company.

Shares of NASDAQ HCSG traded up $0.01 during mid-day trading on Monday, reaching $17.11. The company’s stock had a trading volume of 882,124 shares, compared to its average volume of 1,054,884. The firm has a market capitalization of $1.27 billion, a PE ratio of 27.60 and a beta of 0.35. The stock has a fifty day moving average of $17.10 and a two-hundred day moving average of $18.56. Healthcare Services Group has a 52 week low of $14.75 and a 52 week high of $32.96.

Healthcare Services Group (NASDAQ:HCSGGet Rating) last released its quarterly earnings data on Wednesday, February 9th. The business services provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.10). The business had revenue of $420.45 million during the quarter, compared to the consensus estimate of $419.01 million. Healthcare Services Group had a return on equity of 9.58% and a net margin of 2.79%. As a group, equities research analysts anticipate that Healthcare Services Group will post 0.43 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 25th. Stockholders of record on Friday, February 25th were issued a $0.2113 dividend. This represents a $0.85 annualized dividend and a dividend yield of 4.94%. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.21. The ex-dividend date was Thursday, February 24th. Healthcare Services Group’s dividend payout ratio is presently 137.10%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its holdings in Healthcare Services Group by 403.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,546 shares of the business services provider’s stock worth $27,000 after purchasing an additional 1,239 shares during the period. Point72 Hong Kong Ltd increased its holdings in Healthcare Services Group by 275.0% during the 3rd quarter. Point72 Hong Kong Ltd now owns 1,560 shares of the business services provider’s stock worth $39,000 after purchasing an additional 1,144 shares during the period. Sageworth Trust Co of South Dakota purchased a new position in Healthcare Services Group during the 4th quarter worth $46,000. Covestor Ltd purchased a new position in Healthcare Services Group during the 4th quarter worth $46,000. Finally, Public Employees Retirement System of Ohio increased its holdings in Healthcare Services Group by 18.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 7,285 shares of the business services provider’s stock worth $130,000 after purchasing an additional 1,113 shares during the period.

Healthcare Services Group Company Profile (Get Rating)

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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Analyst Recommendations for Healthcare Services Group (NASDAQ:HCSG)

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