Healthcare Services Group, Inc. (NASDAQ:HCSG – Get Free Report) has been given a consensus recommendation of “Hold” by the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $24.50.
Several equities research analysts have recently issued reports on the stock. Zacks Research lowered shares of Healthcare Services Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Benchmark upped their target price on Healthcare Services Group from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Royal Bank Of Canada increased their price target on shares of Healthcare Services Group from $22.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 23rd. UBS Group raised their price objective on Healthcare Services Group from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Wall Street Zen upgraded Healthcare Services Group from a “hold” rating to a “buy” rating in a research note on Sunday, March 29th.
Read Our Latest Analysis on HCSG
Healthcare Services Group Stock Performance
Healthcare Services Group (NASDAQ:HCSG – Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.15. The business had revenue of $462.77 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.23 EPS. As a group, sell-side analysts expect that Healthcare Services Group will post 1.01 earnings per share for the current fiscal year.
Institutional Trading of Healthcare Services Group
Several large investors have recently added to or reduced their stakes in the business. Miller Global Investments LLC acquired a new position in shares of Healthcare Services Group during the fourth quarter valued at $26,000. EverSource Wealth Advisors LLC lifted its stake in Healthcare Services Group by 163.4% during the second 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. Caitong International Asset Management Co. Ltd bought a new stake in shares of Healthcare Services Group during the 4th quarter worth $33,000. KBC Group NV acquired a new position in shares of Healthcare Services Group in the 1st quarter valued at $35,000. Finally, Farther Finance Advisors LLC increased its position in shares of Healthcare Services Group by 32.0% in the fourth quarter. Farther Finance Advisors LLC now owns 3,619 shares of the business services provider’s stock worth $69,000 after acquiring an additional 877 shares in the last quarter. 97.97% of the stock is currently owned by institutional investors and hedge funds.
Healthcare Services Group Company Profile
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.
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