Healthcare Services Group (NASDAQ:HCSG) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a report issued on Friday, BidAskClub reports.

A number of other research analysts have also recently issued reports on the company. Credit Suisse Group cut their price objective on Healthcare Services Group from $32.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday, April 22nd. Northland Securities started coverage on Healthcare Services Group in a report on Wednesday, July 22nd. They set a “hold” rating and a $33.00 price objective for the company. Royal Bank of Canada cut their price objective on Healthcare Services Group from $26.00 to $21.00 and set a “sector perform” rating for the company in a report on Wednesday, April 22nd. Robert W. Baird cut Healthcare Services Group from an “outperform” rating to a “neutral” rating and set a $29.00 price target for the company. in a report on Thursday, July 23rd. Finally, Benchmark cut Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Monday, July 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $28.17.

Shares of NASDAQ HCSG traded up $0.08 during midday trading on Friday, reaching $26.19. 475,270 shares of the company traded hands, compared to its average volume of 722,787. The firm has a market cap of $1.95 billion, a PE ratio of 24.25 and a beta of 0.61. The stock’s 50-day simple moving average is $24.96 and its 200-day simple moving average is $24.80. Healthcare Services Group has a 12 month low of $15.80 and a 12 month high of $31.30.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings data on Tuesday, July 21st. The business services provider reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.05. The company had revenue of $452.03 million during the quarter, compared to analysts’ expectations of $450.41 million. Healthcare Services Group had a return on equity of 17.86% and a net margin of 4.46%. Equities analysts expect that Healthcare Services Group will post 1.12 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Dupont Capital Management Corp acquired a new stake in Healthcare Services Group in the second quarter worth about $52,000. FinTrust Capital Advisors LLC acquired a new stake in Healthcare Services Group in the first quarter worth about $67,000. Financial Management Professionals Inc. acquired a new stake in Healthcare Services Group in the second quarter worth about $98,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Healthcare Services Group by 28.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,327 shares of the business services provider’s stock worth $151,000 after purchasing an additional 1,411 shares during the period. Finally, IndexIQ Advisors LLC acquired a new stake in Healthcare Services Group in the first quarter worth about $195,000.

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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Analyst Recommendations for Healthcare Services Group (NASDAQ:HCSG)

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