Healthcare Services Group Price Target Increased to $30.00 by Analysts at Wunderlich (HCSG)
Stock analysts at Wunderlich hoisted their target price on shares of Healthcare Services Group (NASDAQ:HCSG) from $27.00 to $30.00 in a report issued on Friday, AR Network reports. The firm currently has a “buy” rating on the stock. Wunderlich’s price target would suggest a potential upside of 7.14% from the stock’s previous close.
In other Healthcare Services Group news, Director Robert L. Frome sold 5,800 shares of the company’s stock on the open market in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $27.92, for a total value of $161,936.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Healthcare Services Group (NASDAQ:HCSG) traded up 0.18% during mid-day trading on Friday, hitting $28.00. The stock had a trading volume of 277,163 shares. Healthcare Services Group has a 1-year low of $21.47 and a 1-year high of $25.95. The stock has a 50-day moving average of $24.72 and a 200-day moving average of $24.01. The company has a market cap of $1.952 billion and a price-to-earnings ratio of 35.38.
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. On average, analysts predict that Healthcare Services Group will post $0.81 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 20th. Shareholders 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 2.43%. The ex-dividend date is Wednesday, November 13th. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.17.
Several other analysts have also recently commented on the stock. Analysts at UBS AG raised their price target on shares of Healthcare Services Group from $27.00 to $28.00 in a research note to investors on Wednesday, October 9th. They now have a “buy” rating on the stock. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Healthcare Services Group in a research note to investors on Wednesday, October 9th. They now have a $28.00 price target on the stock, up previously from $27.00. Finally, 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 research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Healthcare Services Group presently has an average rating of “Buy” and an average price target of $27.60.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.