Healthcare Services Group’s “Buy” Rating Reaffirmed at Stifel Nicolaus (HCSG)
Healthcare Services Group (NASDAQ:HCSG)‘s stock had its “buy” rating reiterated by equities research analysts at Stifel Nicolaus in a research note issued to investors on Wednesday, AnalystRatingsNetwork.com reports. They currently have a $28.00 target price on the stock, up from their previous target price of $27.00. Stifel Nicolaus’ price target indicates a potential upside of 12.27% from the company’s current price.
The analysts wrote, “Healthcare Services Group reported third quarter EPS of $0.20, matching our at-consensus estimate. Revenues topped our estimate, an important feature in the company’s recurring revenue operating model. Margins were lower than modeled due to the influx of new Dietary revenues, but we continue to expect margin improvement going forward. We maintain our Buy rating and our revised target price is $28.”
Separately, 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.
Shares of Healthcare Services Group (NASDAQ:HCSG) traded up 1.00% during mid-day trading on Wednesday, hitting $25.19. 106,262 shares of the company’s stock traded hands. Healthcare Services Group has a 52-week low of $21.47 and a 52-week 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 $1.758 billion and a P/E ratio of 32.82.
Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings results on Tuesday, October 8th. The company reported $0.20 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis. On average, analysts predict that Healthcare Services Group will post $0.82 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 20th. Shareholders of record on Friday, November 15th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.73%.
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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