Healthcare Services Group (HCSG) Upgraded by ValuEngine to Hold

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

Several other research analysts also recently weighed in on the stock. Stephens set a $42.00 target price on shares of Healthcare Services Group and gave the stock a buy rating in a report on Thursday, May 2nd. Jefferies Financial Group set a $48.00 target price on shares of Healthcare Services Group and gave the stock a buy rating in a report on Friday, April 12th. BidaskClub raised shares of Healthcare Services Group from a sell rating to a hold rating in a report on Friday, April 5th. Robert W. Baird dropped their target price on shares of Healthcare Services Group from $39.00 to $33.00 and set a neutral rating for the company in a report on Tuesday, March 19th. Finally, TheStreet downgraded shares of Healthcare Services Group from a b- rating to a c+ rating in a report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Healthcare Services Group presently has a consensus rating of Hold and a consensus target price of $41.33.

Healthcare Services Group stock traded down $0.16 during mid-day trading on Friday, hitting $33.60. The stock had a trading volume of 516,725 shares, compared to its average volume of 934,574. The company has a market capitalization of $2.50 billion, a P/E ratio of 30.00, a P/E/G ratio of 2.46 and a beta of 0.83. Healthcare Services Group has a one year low of $28.24 and a one year high of $48.73.

Healthcare Services Group (NASDAQ:HCSG) last issued 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). The firm had revenue of $476.11 million during the quarter, compared to the consensus estimate of $489.64 million. Healthcare Services Group had a return on equity of 21.65% and a net margin of 4.67%. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. As a group, analysts anticipate that Healthcare Services Group will post 1.25 earnings per share for the current fiscal year.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in HCSG. Kore Private Wealth LLC bought a new position in shares of Healthcare Services Group during the 1st quarter valued at about $25,000. Group One Trading L.P. boosted its holdings in shares of Healthcare Services Group by 1,942.1% during the 4th quarter. Group One Trading L.P. now owns 700 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 738 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Healthcare Services Group by 3,976.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,186,395 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 1,157,289 shares during the last quarter. Icon Wealth Partners LLC bought a new position in shares of Healthcare Services Group during the 1st quarter valued at about $45,000. Finally, Cresset Asset Management LLC bought a new position in shares of Healthcare Services Group during the 1st quarter valued at about $48,000.

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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