Robert W. Baird Raises Healthcare Services Group (NASDAQ:HCSG) Price Target to $23.00

Healthcare Services Group (NASDAQ:HCSGGet Rating) had its price objective hoisted by equities researchers at Robert W. Baird from $17.00 to $23.00 in a report released on Thursday, The Fly reports. Robert W. Baird’s price objective points to a potential upside of 15.52% from the stock’s current price.

A number of other equities research analysts have also issued reports on the stock. Jefferies Financial Group lowered shares of Healthcare Services Group from a “hold” rating to an “underperform” rating and cut their price target for the company from $19.00 to $13.50 in a report on Thursday, February 10th. StockNews.com initiated coverage on shares of Healthcare Services Group in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Zacks Investment Research lowered shares of Healthcare Services Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 26th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $22.50.

NASDAQ HCSG opened at $19.91 on Thursday. The company’s 50 day simple moving average is $17.17 and its 200 day simple moving average is $18.37. Healthcare Services Group has a 12 month low of $14.75 and a 12 month high of $32.96. The company has a market capitalization of $1.47 billion, a P/E ratio of 32.11 and a beta of 0.35.

Healthcare Services Group (NASDAQ:HCSGGet Rating) last released its earnings results on Wednesday, April 20th. The business services provider reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.09. Healthcare Services Group had a net margin of 2.79% and a return on equity of 9.58%. The business had revenue of $426.80 million for the quarter, compared to the consensus estimate of $424.78 million. During the same period in the previous year, the firm earned $0.33 EPS. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, analysts forecast that Healthcare Services Group will post 0.43 EPS for the current year.

Several large investors have recently modified their holdings of HCSG. Northwestern Mutual Wealth Management Co. grew its position in Healthcare Services Group by 403.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,546 shares of the business services provider’s stock worth $27,000 after buying an additional 1,239 shares in the last quarter. Point72 Hong Kong Ltd raised its stake in shares of Healthcare Services Group by 275.0% in the third quarter. Point72 Hong Kong Ltd now owns 1,560 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 1,144 shares during the last quarter. Sageworth Trust Co of South Dakota bought a new position in Healthcare Services Group in the 4th quarter worth approximately $46,000. Covestor Ltd bought a new position in Healthcare Services Group in the 4th quarter worth approximately $46,000. Finally, Public Employees Retirement System of Ohio raised its position 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 acquiring an additional 1,113 shares during the last quarter.

About Healthcare Services Group (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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