Healthcare Services Group, Inc. (NASDAQ:HCSG) Receives Consensus Recommendation of “Hold” from Analysts

Healthcare Services Group, Inc. (NASDAQ:HCSGGet Free Report) has been given a consensus rating of “Hold” by the five ratings firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $13.80.

Several equities research analysts recently weighed in on HCSG shares. UBS Group began coverage on shares of Healthcare Services Group in a research report on Thursday, November 30th. They set a “neutral” rating and a $11.00 price target for the company. StockNews.com raised Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Monday. Royal Bank of Canada decreased their target price on shares of Healthcare Services Group from $16.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, October 26th. Finally, Benchmark restated a “buy” rating and issued a $16.00 price target on shares of Healthcare Services Group in a research note on Friday, December 22nd.

Read Our Latest Research Report on Healthcare Services Group

Healthcare Services Group Stock Performance

HCSG stock opened at $9.70 on Tuesday. The firm has a 50 day moving average price of $9.90 and a 200-day moving average price of $10.49. Healthcare Services Group has a 52-week low of $8.75 and a 52-week high of $15.97. The firm has a market capitalization of $716.35 million, a price-to-earnings ratio of 22.05 and a beta of 0.38.

Hedge Funds Weigh In On Healthcare Services Group

A number of institutional investors have recently bought and sold shares of HCSG. Quadrant Capital Group LLC increased its holdings in Healthcare Services Group by 371.9% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,798 shares of the business services provider’s stock worth $27,000 after acquiring an additional 1,417 shares in the last quarter. Point72 Middle East FZE purchased a new position in shares of Healthcare Services Group during the 4th quarter valued at $63,000. PNC Financial Services Group Inc. lifted its stake in shares of Healthcare Services Group by 38.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,186 shares of the business services provider’s stock valued at $64,000 after buying an additional 1,714 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Healthcare Services Group by 122.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,454 shares of the business services provider’s stock worth $66,000 after buying an additional 2,456 shares during the period. Finally, State of Wyoming increased its stake in Healthcare Services Group by 33.4% in the 4th quarter. State of Wyoming now owns 6,436 shares of the business services provider’s stock worth $77,000 after buying an additional 1,611 shares in the last quarter. 97.97% of the stock is owned by institutional investors.

Healthcare Services Group Company Profile

(Get Free Report

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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