Healthcare Services Group (NASDAQ:HCSG)‘s stock had its “hold” rating reiterated by equities researchers at Jefferies Financial Group in a research note issued to investors on Friday, Marketbeat.com reports. They currently have a $32.00 price target on the business services provider’s stock, down from their prior price target of $40.00. Jefferies Financial Group’s target price indicates a potential upside of 5.30% from the stock’s current price.
Several other equities research analysts have also recently issued reports on HCSG. Benchmark restated a “buy” rating on shares of Healthcare Services Group in a report on Thursday, June 27th. TheStreet upgraded Tupperware Brands from a “d+” rating to a “c” rating in a report on Friday, March 15th. Robert W. Baird reduced their target price on Healthcare Services Group from $39.00 to $33.00 and set a “neutral” rating on the stock in a report on Tuesday, March 19th. Zacks Investment Research upgraded DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Finally, ValuEngine upgraded Zumiez from a “sell” rating to a “hold” rating in a report on Saturday, June 22nd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $38.67.
HCSG stock opened at $30.39 on Friday. Healthcare Services Group has a 52-week low of $28.24 and a 52-week high of $48.73. The business’s fifty day simple moving average is $31.54. The firm has a market capitalization of $2.28 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 2.41 and a beta of 0.76.
Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings data on Tuesday, April 30th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.24). Healthcare Services Group had a return on equity of 21.65% and a net margin of 4.67%. The business had revenue of $476.11 million for the quarter, compared to analyst estimates of $489.64 million. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. Equities research analysts anticipate that Healthcare Services Group will post 1.16 earnings per share for the current fiscal year.
In related news, Director Robert L. Frome sold 7,502 shares of Healthcare Services Group stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $32.64, for a total value of $244,865.28. Following the transaction, the director now owns 18,407 shares in the company, valued at $600,804.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Icon Wealth Partners LLC acquired a new position in shares of Healthcare Services Group during the first quarter worth about $45,000. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Healthcare Services Group by 43.6% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,512 shares of the business services provider’s stock worth $61,000 after purchasing an additional 459 shares in the last quarter. Ropes Wealth Advisors LLC lifted its stake in shares of Healthcare Services Group by 419.2% during the first quarter. Ropes Wealth Advisors LLC now owns 2,700 shares of the business services provider’s stock worth $89,000 after purchasing an additional 2,180 shares in the last quarter. Quantamental Technologies LLC lifted its stake in shares of Healthcare Services Group by 402.6% during the first quarter. Quantamental Technologies LLC now owns 2,900 shares of the business services provider’s stock worth $96,000 after purchasing an additional 2,323 shares in the last quarter. Finally, Osborn Williams & Donohoe LLC acquired a new position in shares of Healthcare Services Group during the first quarter worth about $112,000.
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.
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