Healthcare Services Group (NASDAQ:HCSG) Given New $15.00 Price Target at Macquarie

Healthcare Services Group (NASDAQ:HCSG) had its target price hoisted by Macquarie from $13.00 to $15.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a neutral rating on the business services provider’s stock.

Several other research firms also recently issued reports on HCSG. UBS Group raised Healthcare Services Group from a “neutral” rating to a “buy” rating and lifted their price target for the company from $12.00 to $15.00 in a research note on Thursday, April 24th. StockNews.com raised Healthcare Services Group from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Robert W. Baird lifted their target price on Healthcare Services Group from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Healthcare Services Group currently has an average rating of “Moderate Buy” and an average price target of $14.80.

Healthcare Services Group Trading Up 0.9 %

HCSG stock opened at $13.79 on Monday. The business’s 50-day moving average price is $10.52 and its two-hundred day moving average price is $11.16. The firm has a market cap of $1.01 billion, a PE ratio of 25.54 and a beta of 0.62. Healthcare Services Group has a 1-year low of $9.13 and a 1-year high of $13.90.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $443.82 million. During the same quarter last year, the business posted $0.22 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, analysts forecast 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 and other institutional investors have recently modified their holdings of HCSG. Wealthfront Advisers LLC bought a new position in Healthcare Services Group during the fourth quarter worth about $166,278,000. Vanguard Group Inc. grew its holdings 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 worth $96,133,000 after purchasing an additional 23,373 shares during the period. Royce & Associates LP grew its holdings in Healthcare Services Group by 4.9% during the fourth quarter. Royce & Associates LP now owns 4,668,599 shares of the business services provider’s stock worth $54,226,000 after purchasing an additional 219,103 shares during the period. Dimensional Fund Advisors LP grew its holdings in Healthcare Services Group by 9.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,523,745 shares of the business services provider’s stock worth $29,313,000 after purchasing an additional 208,810 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in Healthcare Services Group by 12.5% during the fourth quarter. Janus Henderson Group PLC now owns 1,266,785 shares of the business services provider’s stock worth $14,714,000 after purchasing an additional 140,708 shares during the period. Institutional investors and hedge funds 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.