Healthcare Services Group PT Raised to $28.00 (HCSG)
Equities researchers at UBS AG lifted their target price on shares of Healthcare Services Group (NASDAQ:HCSG) from $27.00 to $28.00 in a research report issued on Wednesday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. UBS AG’s target price would indicate a potential upside of 12.31% from the company’s current price.
Shares of Healthcare Services Group (NASDAQ:HCSG) traded down 0.04% on Wednesday, hitting $24.93. 368,628 shares of the company’s stock traded hands. Healthcare Services Group has a one year low of $21.47 and a one year high of $26.54. The stock has a 50-day moving average of $25.28 and a 200-day moving average of $24.16. The company has a market cap of $1.740 billion and a P/E ratio of 32.82.
Healthcare Services Group (NASDAQ:HCSG) last released its earnings data on Tuesday, October 8th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $298.50 million for the quarter, compared to the consensus estimate of $298.73 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. Analysts expect that Healthcare Services Group will post $0.82 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 20th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Wednesday, November 13th. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.17.
A number of other analysts have also recently weighed in on HCSG. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Healthcare Services Group in a research note to investors on Wednesday. They now have a $28.00 price target on the stock, up previously from $27.00. Analysts at Jefferies Group initiated coverage on shares of Healthcare Services Group in a research note to investors on Thursday, September 26th. They set a “hold” rating and a $25.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $27.00.
Healthcare Services Group, Inc provides management, administrative and operating services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of the health care industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.
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