Healthcare Services Group (NASDAQ:HCSG) PT Raised to $14.00

Healthcare Services Group (NASDAQ:HCSG) had its price objective boosted by equities researchers at Robert W. Baird from $13.00 to $14.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the business services provider’s stock. Robert W. Baird’s price target suggests a potential upside of 23.35% from the company’s current price.

Healthcare Services Group Stock Performance

Shares of NASDAQ:HCSG opened at $11.35 on Thursday. The business’s fifty day moving average price is $10.80 and its two-hundred day moving average price is $11.12. The stock has a market cap of $835.88 million, a PE ratio of 19.91 and a beta of 0.53. Healthcare Services Group has a one year low of $8.75 and a one year high of $13.01.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The business had revenue of $426.30 million for the quarter, compared to the consensus estimate of $424.94 million. Healthcare Services Group had a return on equity of 12.58% and a net margin of 1.82%. The business’s revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.12 earnings per share. As a group, equities research analysts predict that Healthcare Services Group will post 0.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. National Bank of Canada FI increased its stake in Healthcare Services Group by 537.7% in the fourth quarter. National Bank of Canada FI now owns 134,625 shares of the business services provider’s stock valued at $1,432,000 after purchasing an additional 113,514 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Healthcare Services Group by 7.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,599,981 shares of the business services provider’s stock worth $16,592,000 after acquiring an additional 111,625 shares during the period. Confluence Investment Management LLC acquired a new stake in shares of Healthcare Services Group in the first quarter worth approximately $2,259,000. Vanguard Group Inc. grew its holdings in Healthcare Services Group by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 8,629,517 shares of the business services provider’s stock valued at $89,488,000 after purchasing an additional 167,779 shares during the period. Finally, Invenomic Capital Management LP purchased a new stake in Healthcare Services Group in the fourth quarter valued at approximately $4,216,000. 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.