Healthcare Services Group, Inc. (NASDAQ:HCSG) has been assigned a $52.00 target price by analysts at Jefferies Group LLC in a research report issued to clients and investors on Thursday. The firm currently has a “hold” rating on the business services provider’s stock. Jefferies Group LLC’s price objective would suggest a potential downside of 1.18% from the stock’s current price. Jefferies Group also issued estimates for Healthcare Services Group’s FY2018 earnings at $1.37 EPS.

Other equities analysts also recently issued reports about the company. Zacks Investment Research upgraded Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Friday, July 14th. Credit Suisse Group reiterated an “outperform” rating and issued a $56.00 target price (up from $50.00) on shares of Healthcare Services Group in a research report on Thursday, July 13th. Stifel Nicolaus reiterated a “buy” rating and issued a $50.00 target price (up from $48.00) on shares of Healthcare Services Group in a research report on Wednesday, July 12th. BidaskClub downgraded Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 3rd. Finally, Robert W. Baird increased their target price on Healthcare Services Group from $47.00 to $52.00 and gave the company an “outperform” rating in a research report on Wednesday, July 12th. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $53.60.

Shares of Healthcare Services Group (HCSG) traded up 1.88% during mid-day trading on Thursday, reaching $52.62. The company had a trading volume of 485,735 shares. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 44.22 and a beta of 0.62. The firm’s 50-day moving average price is $52.92 and its 200 day moving average price is $49.42. Healthcare Services Group has a 52-week low of $34.83 and a 52-week high of $55.68.

Healthcare Services Group (NASDAQ:HCSG) last posted its earnings results on Tuesday, October 17th. The business services provider reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. The firm had revenue of $491.40 million during the quarter, compared to the consensus estimate of $485.53 million. Healthcare Services Group had a return on equity of 24.17% and a net margin of 5.00%. The business’s quarterly revenue was up 25.1% on a year-over-year basis. During the same period last year, the company earned $0.27 earnings per share. Equities analysts expect that Healthcare Services Group will post $1.24 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This news story was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another domain, it was copied illegally and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/10/22/healthcare-services-group-inc-hcsg-given-a-52-00-price-target-by-jefferies-group-llc-analysts.html.

In other news, CFO John Christopher Shea sold 4,750 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $52.00, for a total transaction of $247,000.00. Following the completion of the transaction, the chief financial officer now directly owns 7,157 shares in the company, valued at $372,164. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert L. Frome sold 5,000 shares of the firm’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $53.00, for a total value of $265,000.00. Following the transaction, the director now owns 20,501 shares of the company’s stock, valued at $1,086,553. The disclosure for this sale can be found here. Insiders have sold 34,750 shares of company stock valued at $1,804,825 over the last 90 days. 4.30% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Healthcare Services Group by 9.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,700 shares of the business services provider’s stock worth $126,000 after acquiring an additional 242 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of Healthcare Services Group by 4.0% during the second quarter. LS Investment Advisors LLC now owns 2,834 shares of the business services provider’s stock worth $133,000 after acquiring an additional 108 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Healthcare Services Group by 4.7% during the second quarter. Public Employees Retirement System of Ohio now owns 3,005 shares of the business services provider’s stock worth $141,000 after acquiring an additional 135 shares during the last quarter. Bruderman Asset Management LLC bought a new position in shares of Healthcare Services Group during the second quarter worth about $170,000. Finally, Riverhead Capital Management LLC raised its position in shares of Healthcare Services Group by 69.1% during the second quarter. Riverhead Capital Management LLC now owns 4,059 shares of the business services provider’s stock worth $190,000 after acquiring an additional 1,659 shares during the last quarter. Institutional investors own 91.48% 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 the healthcare industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.

Receive News & Ratings for Healthcare Services Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthcare Services Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.