Brokerages Set Healthcare Services Group, Inc. (NASDAQ:HCSG) PT at $14.00

Healthcare Services Group, Inc. (NASDAQ:HCSG) has received a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $14.40.

HCSG has been the topic of a number of research analyst reports. Robert W. Baird raised their target price on shares of Healthcare Services Group from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday. StockNews.com upgraded shares of Healthcare Services Group from a “hold” rating to a “buy” rating in a report on Friday. Finally, UBS Group upgraded Healthcare Services Group from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $12.00 to $15.00 in a research note on Thursday.

Healthcare Services Group Stock Performance

HCSG opened at $13.67 on Thursday. The company has a market cap of $996.76 million, a PE ratio of 25.32 and a beta of 0.62. The stock has a 50-day moving average of $10.45 and a 200-day moving average of $11.13. Healthcare Services Group has a 52-week low of $9.13 and a 52-week high of $13.69.

Healthcare Services Group (NASDAQ:HCSG) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. Healthcare Services Group had a return on equity of 11.76% and a net margin of 2.30%. The firm had revenue of $447.66 million during the quarter, compared to analysts’ expectations of $443.82 million. On average, research analysts predict that Healthcare Services Group will post 0.74 earnings per share for the current year.

Institutional Trading of Healthcare Services Group

A number of hedge funds have recently bought and sold shares of the stock. Wealthfront Advisers LLC bought a new position in shares of Healthcare Services Group during the 4th quarter worth about $166,278,000. Vanguard Group Inc. increased its stake in Healthcare Services Group by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 8,276,610 shares of the business services provider’s stock valued at $96,133,000 after acquiring an additional 23,373 shares during the period. Royce & Associates LP raised its holdings in Healthcare Services Group by 4.9% in the 4th quarter. Royce & Associates LP now owns 4,668,599 shares of the business services provider’s stock valued at $54,226,000 after acquiring an additional 219,103 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Healthcare Services Group by 9.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,523,745 shares of the business services provider’s stock worth $29,313,000 after acquiring an additional 208,810 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Healthcare Services Group by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,760,971 shares of the business services provider’s stock worth $19,674,000 after purchasing an additional 50,375 shares in the last quarter. 97.97% of the stock is owned by institutional investors.

Healthcare Services Group Company Profile

Healthcare Services Group, Inc provides management, administrative, and operating services to the housekeeping, laundry, linen, facility maintenance, and dietary service departments of nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.