Healthcare Services Group (NASDAQ:HCSG) Given New $18.00 Price Target at Credit Suisse Group

Healthcare Services Group (NASDAQ:HCSG – Get Rating) had its price target lifted by analysts at Credit Suisse Group from $17.00 to $18.00 in a report released on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. Credit Suisse Group’s price objective suggests a potential downside of 9.59% from the stock’s previous close.

Several other research analysts have also recently issued reports on HCSG. Zacks Investment Research cut shares of Healthcare Services Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 26th. Royal Bank of Canada raised their target price on shares of Healthcare Services Group from $17.00 to $20.00 and gave the stock a “sector perform” rating in a report on Thursday. Robert W. Baird raised their target price on shares of Healthcare Services Group from $17.00 to $23.00 in a report on Thursday. StockNews.com began coverage on shares of Healthcare Services Group in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Jefferies Financial Group cut shares of Healthcare Services Group from a “hold” rating to an “underperform” rating and reduced their target price for the stock from $19.00 to $13.50 in a report on Thursday, February 10th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $21.70.

Healthcare Services Group stock opened at $19.91 on Thursday. The firm has a 50 day simple moving average of $17.17 and a 200-day simple moving average of $18.37. The stock has a market capitalization of $1.47 billion, a PE ratio of 32.11 and a beta of 0.35. Healthcare Services Group has a 12-month low of $14.75 and a 12-month high of $32.96.

Healthcare Services Group (NASDAQ:HCSG – Get Rating) last posted its quarterly earnings data on Wednesday, April 20th. The business services provider reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.09. The business had revenue of $426.80 million during the quarter, compared to analysts’ expectations of $424.78 million. Healthcare Services Group had a net margin of 2.79% and a return on equity of 9.58%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $0.33 earnings per share. As a group, equities research analysts forecast that Healthcare Services Group will post 0.43 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. grew its position 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 in the last quarter. Point72 Hong Kong Ltd grew its position 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 in the last quarter. Sageworth Trust Co of South Dakota purchased a new position in Healthcare Services Group during the 4th quarter worth approximately $46,000. Covestor Ltd purchased a new position in Healthcare Services Group during the 4th quarter worth approximately $46,000. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of 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 valued at $130,000 after buying 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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