Healthcare Services Group (NASDAQ:HCSG) Rating Increased to Strong-Buy at Wall Street Zen

Healthcare Services Group (NASDAQ:HCSG) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

Other research analysts also recently issued research reports about the stock. Macquarie raised shares of Healthcare Services Group from a “neutral” rating to an “outperform” rating and raised their target price for the company from $15.00 to $16.00 in a research report on Tuesday, July 29th. UBS Group lifted their target price on shares of Healthcare Services Group from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday. Robert W. Baird boosted their price objective on shares of Healthcare Services Group from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Benchmark boosted their price objective on shares of Healthcare Services Group from $19.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Healthcare Services Group in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $19.25.

Healthcare Services Group Price Performance

Shares of HCSG opened at $17.87 on Friday. The company has a market capitalization of $1.26 billion, a P/E ratio of 33.09 and a beta of 0.70. Healthcare Services Group has a one year low of $9.13 and a one year high of $20.00. The business’s 50 day simple moving average is $16.44 and its 200-day simple moving average is $14.83.

Healthcare Services Group (NASDAQ:HCSG) last announced its earnings results on Wednesday, October 22nd. The business services provider reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. Healthcare Services Group had a net margin of 2.20% and a return on equity of 12.23%. The company had revenue of $464.34 million for the quarter, compared to analyst estimates of $460.36 million. During the same period in the prior year, the business earned $0.19 earnings per share. Healthcare Services Group’s quarterly revenue was up 8.5% on a year-over-year basis. Healthcare Services Group has set its Q4 2025 guidance at EPS. On average, sell-side analysts anticipate that Healthcare Services Group will post 0.74 EPS for the current fiscal year.

Institutional Trading of Healthcare Services Group

Large investors have recently added to or reduced their stakes in the stock. Trail Ridge Investment Advisors LLC raised its holdings in Healthcare Services Group by 2.6% in the 3rd quarter. Trail Ridge Investment Advisors LLC now owns 24,309 shares of the business services provider’s stock valued at $409,000 after acquiring an additional 609 shares in the last quarter. Amalgamated Bank grew its position in Healthcare Services Group by 3.4% during the 3rd quarter. Amalgamated Bank now owns 21,563 shares of the business services provider’s stock worth $363,000 after acquiring an additional 719 shares during the last quarter. Hsbc Holdings PLC grew its position in Healthcare Services Group by 1.7% during the 1st quarter. Hsbc Holdings PLC now owns 53,175 shares of the business services provider’s stock worth $539,000 after acquiring an additional 868 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Healthcare Services Group by 6.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,721 shares of the business services provider’s stock worth $281,000 after acquiring an additional 1,135 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey grew its position in Healthcare Services Group by 8.3% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 15,925 shares of the business services provider’s stock worth $239,000 after acquiring an additional 1,224 shares during the last quarter. Hedge funds and other institutional investors own 97.97% of the company’s stock.

About Healthcare Services Group

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.