Healthcare Services Group, Inc. (NASDAQ:HCSG) Given Average Recommendation of “Moderate Buy” by Analysts

Healthcare Services Group, Inc. (NASDAQ:HCSG) has been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $19.25.

HCSG has been the topic of several analyst reports. Zacks Research lowered Healthcare Services Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Healthcare Services Group in a research report on Wednesday, October 8th. Robert W. Baird lifted their price objective on shares of Healthcare Services Group from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. UBS Group boosted their target price on shares of Healthcare Services Group from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Finally, Wall Street Zen upgraded shares of Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday.

Healthcare Services Group Stock Down 2.4%

Shares of NASDAQ:HCSG opened at $17.87 on Wednesday. The company has a market cap of $1.26 billion, a PE ratio of 33.09 and a beta of 0.70. Healthcare Services Group has a fifty-two week low of $9.13 and a fifty-two week high of $20.00. The firm has a 50-day simple moving average of $16.44 and a 200 day simple moving average of $14.91.

Healthcare Services Group (NASDAQ:HCSG) last posted its earnings results on Wednesday, October 22nd. The business services provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02. The company had revenue of $464.34 million during the quarter, compared to analyst estimates of $460.36 million. Healthcare Services Group had a return on equity of 12.23% and a net margin of 2.20%.The business’s revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.19 earnings per share. Healthcare Services Group has set its Q4 2025 guidance at EPS. As a group, research analysts forecast that Healthcare Services Group will post 0.74 EPS for the current fiscal year.

Institutional Trading of Healthcare Services Group

Large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its position in Healthcare Services Group by 163.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,186 shares of the business services provider’s stock worth $33,000 after acquiring an additional 1,356 shares during the period. GAMMA Investing LLC increased its holdings in shares of Healthcare Services Group by 94.9% during the third quarter. GAMMA Investing LLC now owns 2,843 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 1,384 shares during the period. USA Financial Formulas bought a new stake in shares of Healthcare Services Group during the second quarter valued at about $60,000. US Bancorp DE lifted its holdings in Healthcare Services Group by 161.4% in the first quarter. US Bancorp DE now owns 8,097 shares of the business services provider’s stock worth $82,000 after purchasing an additional 5,000 shares during the period. Finally, Martingale Asset Management L P acquired a new stake in Healthcare Services Group in the first quarter worth about $127,000. 97.97% of the stock is currently owned by institutional investors and hedge funds.

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 of nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.