Healthcare Services Group (NASDAQ:HCSG – Get Free Report) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.
Several other equities research analysts have also weighed in on HCSG. UBS Group increased their target price on Healthcare Services Group from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Benchmark boosted their price target on shares of Healthcare Services Group from $28.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Wall Street Zen raised shares of Healthcare Services Group from a “hold” rating to a “buy” rating in a report on Sunday, March 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Healthcare Services Group in a report on Tuesday, June 2nd. Finally, BMO Capital Markets lifted their price objective on shares of Healthcare Services Group from $22.00 to $24.00 and gave the company a “market perform” rating in a research report on Thursday, April 23rd. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $24.00.
View Our Latest Report on Healthcare Services Group
Healthcare Services Group Trading Up 2.2%
Healthcare Services Group (NASDAQ:HCSG – Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.15. The business had revenue of $462.77 million for the quarter, compared to analysts’ expectations of $479.79 million. Healthcare Services Group had a return on equity of 17.81% and a net margin of 3.67%.The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 EPS. As a group, analysts predict that Healthcare Services Group will post 1.01 EPS for the current fiscal year.
Hedge Funds Weigh In On Healthcare Services Group
Hedge funds have recently made changes to their positions in the business. Janus Henderson Group PLC raised its holdings in shares of Healthcare Services Group by 5.5% in the 1st quarter. Janus Henderson Group PLC now owns 890,035 shares of the business services provider’s stock worth $16,510,000 after purchasing an additional 46,427 shares in the last quarter. California State Teachers Retirement System boosted its holdings in Healthcare Services Group by 35.1% during the first quarter. California State Teachers Retirement System now owns 91,270 shares of the business services provider’s stock worth $1,693,000 after buying an additional 23,700 shares in the last quarter. Royal Bank of Canada grew its position in Healthcare Services Group by 33.1% in the first quarter. Royal Bank of Canada now owns 393,601 shares of the business services provider’s stock worth $7,301,000 after buying an additional 97,833 shares during the last quarter. Empowered Funds LLC grew its position in Healthcare Services Group by 123.6% in the first quarter. Empowered Funds LLC now owns 215,824 shares of the business services provider’s stock worth $4,004,000 after buying an additional 119,290 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Healthcare Services Group by 40.8% in the first quarter. The Manufacturers Life Insurance Company now owns 29,711 shares of the business services provider’s stock valued at $551,000 after buying an additional 8,604 shares in the last quarter. Institutional investors and hedge funds own 97.97% of the company’s stock.
About Healthcare Services Group
Healthcare Services Group, Inc (NASDAQ: HCSG) is a leading provider of support services to healthcare facilities across the United States. The company specializes in environmental services, including housekeeping and sanitation, as well as linen and laundry management. In addition, Healthcare Services Group offers dietary and nutrition services, catering to hospitals, skilled nursing facilities, assisted living communities and other long-term care providers.
Founded as a family-owned business in the late 1970s, the company completed its initial public offering in 1997.
Featured Articles
- Five stocks we like better than Healthcare Services Group
- AirJoule Unveils Prime System, Clearing Path to Commercialization
- Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
- Nike Q4 Beat Masks Core Weakness as Analysts Cut Price Targets
- Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case
Receive News & Ratings for Healthcare Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthcare Services Group and related companies with MarketBeat.com's FREE daily email newsletter.
