Healthcare Services Group, Inc. (NASDAQ:HCSG) Receives $14.80 Consensus Target Price from Analysts

Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) have been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $14.80.

A number of equities research analysts recently weighed in on the company. Robert W. Baird upped their price objective on Healthcare Services Group from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, April 24th. UBS Group upgraded Healthcare Services Group from a “neutral” rating to a “buy” rating and increased their price target for the company from $12.00 to $15.00 in a research note on Thursday, April 24th. Wall Street Zen upgraded Healthcare Services Group from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. Finally, Macquarie increased their price target on Healthcare Services Group from $13.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday, April 28th.

Healthcare Services Group Price Performance

Shares of NASDAQ HCSG opened at $14.65 on Friday. The stock has a market capitalization of $1.07 billion, a P/E ratio of 27.13 and a beta of 0.55. Healthcare Services Group has a 1-year low of $9.13 and a 1-year high of $14.90. The business has a fifty day moving average price of $13.18 and a 200 day moving average price of $11.89.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The firm had revenue of $447.66 million during the quarter, compared to analysts’ expectations of $443.82 million. Healthcare Services Group had a return on equity of 11.76% and a net margin of 2.30%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 EPS. As a group, equities research analysts anticipate that Healthcare Services Group will post 0.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Healthcare Services Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HCSG. SBI Securities Co. Ltd. acquired a new position in shares of Healthcare Services Group in the fourth quarter valued at about $25,000. Sterling Capital Management LLC increased its holdings in shares of Healthcare Services Group by 803.4% in the fourth quarter. Sterling Capital Management LLC now owns 2,358 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 2,097 shares during the period. US Bancorp DE increased its holdings in shares of Healthcare Services Group by 161.4% in the first quarter. US Bancorp DE now owns 8,097 shares of the business services provider’s stock valued at $82,000 after purchasing an additional 5,000 shares during the period. Bank of Montreal Can acquired a new position in shares of Healthcare Services Group in the fourth quarter valued at about $118,000. Finally, Ieq Capital LLC acquired a new position in shares of Healthcare Services Group in the fourth quarter valued at about $118,000. 97.97% of the stock is currently owned by hedge funds and other institutional investors.

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 nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.