Brokerages Set Healthcare Services Group, Inc. (NASDAQ:HCSG) Price Target at $14.00

Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Get Free Report) have earned an average recommendation of "Hold" from the five brokerages that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two 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 $13.80.

HCSG has been the topic of a number of research reports. Benchmark reaffirmed a "buy" rating and issued a $17.00 price target on shares of Healthcare Services Group in a research note on Thursday, October 24th. Macquarie began coverage on Healthcare Services Group in a research note on Monday. They issued a "neutral" rating and a $13.00 price target on the stock. StockNews.com downgraded Healthcare Services Group from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Robert W. Baird lowered their target price on shares of Healthcare Services Group from $14.00 to $12.00 and set a "neutral" rating on the stock in a research note on Thursday, October 24th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC increased its stake in Healthcare Services Group by 804.0% during the third quarter. Farther Finance Advisors LLC now owns 2,730 shares of the business services provider's stock worth $30,000 after acquiring an additional 2,428 shares during the last quarter. Headlands Technologies LLC lifted its holdings in shares of Healthcare Services Group by 44.4% in the 2nd quarter. Headlands Technologies LLC now owns 3,107 shares of the business services provider's stock worth $33,000 after acquiring an additional 955 shares during the last quarter. Financial Management Professionals Inc. boosted its position in shares of Healthcare Services Group by 85.7% during the third quarter. Financial Management Professionals Inc. now owns 8,180 shares of the business services provider's stock worth $91,000 after buying an additional 3,774 shares during the period. Bleakley Financial Group LLC acquired a new position in Healthcare Services Group in the 3rd quarter valued at about $116,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of Healthcare Services Group in the second quarter valued at approximately $124,000. Institutional investors and hedge funds own 97.97% of the company's stock.

Healthcare Services Group Stock Down 1.4 %

Shares of Healthcare Services Group stock traded down $0.17 on Monday, reaching $12.37. The company's stock had a trading volume of 508,863 shares, compared to its average volume of 486,287. The company has a market capitalization of $906.61 million, a P/E ratio of 17.93 and a beta of 0.55. The stock has a 50-day moving average price of $11.53 and a 200-day moving average price of $11.05. Healthcare Services Group has a 52-week low of $8.98 and a 52-week high of $13.00.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.03. The firm had revenue of $428.10 million for the quarter, compared to analysts' expectations of $429.95 million. Healthcare Services Group had a net margin of 2.95% and a return on equity of 12.59%. The firm's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 EPS. Sell-side analysts forecast that Healthcare Services Group will post 0.81 earnings per share for the current fiscal year.

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.