Healthcare Services Group (NASDAQ:HCSG) Rating Lowered to Buy at Wall Street Zen

Healthcare Services Group (NASDAQ:HCSG) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday.

Other equities analysts also recently issued reports about the company. Benchmark raised their price objective on Healthcare Services Group from $19.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. UBS Group restated a “buy” rating on shares of Healthcare Services Group in a research report on Monday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Healthcare Services Group in a research note on Tuesday. Zacks Research lowered shares of Healthcare Services Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Finally, BMO Capital Markets began coverage on shares of Healthcare Services Group in a research report on Thursday, November 13th. They set a “market perform” rating and a $20.00 target price for the company. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.40.

Healthcare Services Group Trading Down 1.0%

HCSG stock opened at $18.76 on Friday. The company’s 50-day moving average price is $17.27 and its 200 day moving average price is $15.55. Healthcare Services Group has a 52 week low of $9.13 and a 52 week high of $20.00. The company has a market cap of $1.32 billion, a P/E ratio of 34.74 and a beta of 0.73.

Healthcare Services Group (NASDAQ:HCSG) last issued its earnings results on Wednesday, October 22nd. The business services provider reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. Healthcare Services Group had a net margin of 2.20% and a return on equity of 12.23%. The company had revenue of $464.34 million during the quarter, compared to analysts’ expectations of $460.36 million. During the same period last year, the company posted $0.19 earnings per share. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. Healthcare Services Group has set its Q4 2025 guidance at EPS. On average, equities research analysts expect that Healthcare Services Group will post 0.74 earnings per share for the current year.

Institutional Trading of Healthcare Services Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised its stake in Healthcare Services Group by 163.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,186 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 1,356 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Healthcare Services Group by 94.9% during the 3rd quarter. GAMMA Investing LLC now owns 2,843 shares of the business services provider’s stock worth $48,000 after purchasing an additional 1,384 shares during the last quarter. USA Financial Formulas purchased a new stake in shares of Healthcare Services Group during the second quarter worth about $60,000. US Bancorp DE raised its position 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 buying an additional 5,000 shares during the last quarter. Finally, LSV Asset Management acquired a new position in shares of Healthcare Services Group in the third quarter valued at approximately $108,000. Hedge funds and other institutional investors own 97.97% of the company’s stock.

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.