Healthcare Services Group, Inc. (HCSG) Receives $45.00 Consensus Price Target from Brokerages

Healthcare Services Group, Inc. (NASDAQ:HCSG) has earned an average recommendation of “Hold” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $46.00.

Several brokerages have recently weighed in on HCSG. Benchmark began coverage on shares of Healthcare Services Group in a research report on Tuesday. They issued a “buy” rating and a $50.00 price target for the company. Stifel Nicolaus cut shares of Healthcare Services Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $57.00 to $44.00 in a research report on Wednesday, April 18th. William Blair raised shares of Healthcare Services Group from a “market perform” rating to an “outperform” rating in a research report on Wednesday, June 6th. Zacks Investment Research cut shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 25th. Finally, BidaskClub cut shares of Healthcare Services Group from a “sell” rating to a “strong sell” rating in a research report on Friday, May 4th.

Shares of HCSG opened at $42.13 on Monday. Healthcare Services Group has a fifty-two week low of $35.04 and a fifty-two week high of $56.20. The company has a market capitalization of $2.88 billion, a PE ratio of 35.40, a price-to-earnings-growth ratio of 2.31 and a beta of 0.81.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings results on Tuesday, April 17th. The business services provider reported $0.00 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.38). Healthcare Services Group had a return on equity of 16.99% and a net margin of 3.38%. The business had revenue of $501.81 million during the quarter, compared to analysts’ expectations of $505.44 million. During the same period in the previous year, the company posted $0.30 EPS. Healthcare Services Group’s revenue for the quarter was up 24.1% on a year-over-year basis. research analysts expect that Healthcare Services Group will post 1.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, May 25th will be given a dividend of $0.1925 per share. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, May 24th. This represents a $0.77 dividend on an annualized basis and a yield of 1.83%. Healthcare Services Group’s dividend payout ratio is presently 64.71%.

In related news, Director Dino D. Ottaviano sold 1,500 shares of the stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $45.15, for a total transaction of $67,725.00. Following the completion of the sale, the director now owns 2,044 shares of the company’s stock, valued at $92,286.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert J. Moss sold 2,000 shares of the stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of $44.50, for a total transaction of $89,000.00. Following the sale, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $89,000. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Captrust Financial Advisors purchased a new stake in Healthcare Services Group during the fourth quarter valued at approximately $118,000. Israel Discount Bank of New York lifted its position in Healthcare Services Group by 112.2% during the fourth quarter. Israel Discount Bank of New York now owns 2,515 shares of the business services provider’s stock valued at $133,000 after acquiring an additional 1,330 shares during the last quarter. We Are One Seven LLC purchased a new stake in Healthcare Services Group during the fourth quarter valued at approximately $155,000. Whittier Trust Co. of Nevada Inc. lifted its position in Healthcare Services Group by 61.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 3,670 shares of the business services provider’s stock valued at $160,000 after acquiring an additional 1,400 shares during the last quarter. Finally, M&T Bank Corp purchased a new stake in Healthcare Services Group during the fourth quarter valued at approximately $208,000. 97.92% of the stock is owned by institutional investors.

About Healthcare Services Group

Healthcare Services Group, Inc provides management, administrative, and operating services to the housekeeping, laundry, linen, facility maintenance, and dietary service departments to nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.

Analyst Recommendations for Healthcare Services Group (NASDAQ:HCSG)

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