Healthcare Services Group, Inc. (NASDAQ:HCSG)‘s stock had its “outperform” rating reiterated by equities researchers at Credit Suisse Group in a research report issued to clients and investors on Friday. They currently have a $62.00 target price on the business services provider’s stock, up from their prior target price of $56.00. Credit Suisse Group’s target price would suggest a potential upside of 17.58% from the stock’s current price.

Several other research firms also recently commented on HCSG. Jefferies Group LLC reissued a “hold” rating and set a $49.00 target price on shares of Healthcare Services Group in a research report on Friday, July 7th. Robert W. Baird boosted their price target on shares of Healthcare Services Group from $47.00 to $52.00 and gave the stock an “outperform” rating in a report on Wednesday, July 12th. They noted that the move was a valuation call. Stifel Nicolaus restated a “buy” rating and set a $50.00 price target (up from $48.00) on shares of Healthcare Services Group in a report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research note on Friday, July 14th. Finally, BidaskClub upgraded shares of Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $54.80.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings results on Tuesday, October 17th. The business services provider reported $0.31 EPS for the quarter, hitting analysts’ consensus estimates of $0.31. Healthcare Services Group had a net margin of 5.00% and a return on equity of 24.17%. The company had revenue of $491.40 million for the quarter, compared to analyst estimates of $485.53 million. During the same quarter in the previous year, the business earned $0.27 earnings per share. Healthcare Services Group’s revenue was up 25.1% compared to the same quarter last year.

ILLEGAL ACTIVITY WARNING: “Healthcare Services Group, Inc. (HCSG) Earns “Outperform” Rating from Credit Suisse Group” was originally published by American Banking News and is the property of of American Banking News. If you are accessing this report on another domain, it was illegally stolen and republished in violation of international copyright legislation. The correct version of this report can be read at https://www.americanbankingnews.com/2017/11/03/healthcare-services-group-inc-hcsg-earns-outperform-rating-from-credit-suisse-group.html.

In other news, Director John Briggs sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $50.75, for a total value of $126,875.00. Following the completion of the sale, the director now directly owns 18,579 shares of the company’s stock, valued at approximately $942,884.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 4.30% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. LS Investment Advisors LLC increased its position in Healthcare Services Group by 5.4% in the second quarter. LS Investment Advisors LLC now owns 2,694 shares of the business services provider’s stock worth $111,000 after purchasing an additional 139 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted 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 valued at $126,000 after buying an additional 242 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Healthcare Services Group by 77.2% during the second quarter. Victory Capital Management Inc. now owns 3,416 shares of the business services provider’s stock valued at $141,000 after buying an additional 1,488 shares during the last quarter. Public Employees Retirement System of Ohio lifted 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 valued at $141,000 after buying an additional 135 shares during the last quarter. Finally, Bruderman Asset Management LLC acquired a new position in shares of Healthcare Services Group during the second quarter valued at about $170,000. Hedge funds and other institutional investors own 91.37% 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.