ValuEngine upgraded shares of Healthcare Services Group (NASDAQ:HCSG) from a sell rating to a hold rating in a research report sent to investors on Friday, ValuEngine reports.

Other analysts have also issued research reports about the stock. Benchmark set a $50.00 target price on shares of Healthcare Services Group and gave the company a buy rating in a research note on Tuesday, March 5th. BidaskClub lowered shares of Healthcare Services Group from a strong-buy rating to a buy rating in a research report on Thursday, January 31st. Jefferies Financial Group set a $48.00 price target on shares of Healthcare Services Group and gave the stock a buy rating in a research report on Tuesday, March 19th. Stephens set a $42.00 price target on shares of Healthcare Services Group and gave the stock a buy rating in a research report on Thursday, May 2nd. Finally, TheStreet lowered shares of Healthcare Services Group from a b- rating to a c+ rating in a research report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $41.33.

HCSG stock opened at $33.63 on Friday. Healthcare Services Group has a 1-year low of $28.24 and a 1-year high of $48.73. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 30.03, a price-to-earnings-growth ratio of 2.45 and a beta of 0.83.

Healthcare Services Group (NASDAQ:HCSG) last released its earnings results on Tuesday, April 30th. The business services provider reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.24). Healthcare Services Group had a net margin of 4.67% and a return on equity of 21.65%. The business had revenue of $476.11 million for the quarter, compared to the consensus estimate of $489.64 million. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. On average, equities research analysts forecast that Healthcare Services Group will post 1.25 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 24th will be given a dividend of $0.1975 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.79 annualized dividend and a dividend yield of 2.35%. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.20. Healthcare Services Group’s dividend payout ratio is currently 70.54%.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Healthcare Services Group by 3.0% during the fourth quarter. BlackRock Inc. now owns 8,497,753 shares of the business services provider’s stock worth $341,439,000 after acquiring an additional 248,258 shares during the last quarter. William Blair Investment Management LLC grew its position in Healthcare Services Group by 0.8% in the 1st quarter. William Blair Investment Management LLC now owns 4,203,079 shares of the business services provider’s stock valued at $138,660,000 after buying an additional 34,862 shares in the last quarter. Van Berkom & Associates Inc. grew its position in Healthcare Services Group by 27.9% in the 1st quarter. Van Berkom & Associates Inc. now owns 1,613,598 shares of the business services provider’s stock valued at $53,233,000 after buying an additional 352,162 shares in the last quarter. Conestoga Capital Advisors LLC grew its position in Healthcare Services Group by 2.9% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,504,772 shares of the business services provider’s stock valued at $60,462,000 after buying an additional 42,670 shares in the last quarter. Finally, TimesSquare Capital Management LLC grew its position in Healthcare Services Group by 9.8% in the 1st quarter. TimesSquare Capital Management LLC now owns 1,461,830 shares of the business services provider’s stock valued at $48,226,000 after buying an additional 131,030 shares in the last quarter.

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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Analyst Recommendations for Healthcare Services Group (NASDAQ:HCSG)

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