Brokerages Set Healthcare Services Group, Inc. (NASDAQ:HCSG) Price Target at $14.80

Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) have received an average rating of “Moderate Buy” from the five research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $14.80.

Several equities research analysts have weighed in on the company. UBS Group raised Healthcare Services Group from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $12.00 to $15.00 in a research note on Thursday, April 24th. Macquarie boosted their target price on Healthcare Services Group from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Monday, April 28th. Wall Street Zen upgraded Healthcare Services Group from a “hold” rating to a “buy” rating in a research report on Friday, April 25th. Finally, Robert W. Baird boosted their target price on Healthcare Services Group from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, April 24th.

Healthcare Services Group Price Performance

Shares of NASDAQ HCSG opened at $14.65 on Friday. The business’s 50 day moving average is $13.18 and its two-hundred day moving average is $11.89. Healthcare Services Group has a 1-year low of $9.13 and a 1-year high of $14.90. The stock has a market capitalization of $1.07 billion, a P/E ratio of 27.13 and a beta of 0.55.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.05. Healthcare Services Group had a return on equity of 11.76% and a net margin of 2.30%. The company had revenue of $447.66 million for the quarter, compared to analysts’ expectations of $443.82 million. During the same period in the previous year, the firm posted $0.22 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, equities research analysts anticipate that Healthcare Services Group will post 0.74 earnings per share for the current fiscal year.

Institutional Trading of Healthcare Services Group

Large investors have recently modified their holdings of the company. Global Alpha Capital Management Ltd. purchased a new stake in shares of Healthcare Services Group in the fourth quarter valued at approximately $822,000. Deutsche Bank AG boosted its holdings in shares of Healthcare Services Group by 14.8% in the fourth quarter. Deutsche Bank AG now owns 176,825 shares of the business services provider’s stock valued at $2,055,000 after purchasing an additional 22,834 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of Healthcare Services Group by 9.1% in the fourth quarter. Nuveen Asset Management LLC now owns 829,322 shares of the business services provider’s stock valued at $9,633,000 after purchasing an additional 68,935 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Healthcare Services Group by 3.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 157,750 shares of the business services provider’s stock valued at $1,832,000 after purchasing an additional 5,347 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Healthcare Services Group by 8.4% in the fourth quarter. Northern Trust Corp now owns 771,772 shares of the business services provider’s stock valued at $8,964,000 after purchasing an additional 59,829 shares during the period. Hedge funds and other institutional investors own 97.97% of the company’s stock.

Healthcare Services Group Company Profile

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.