Robert W. Baird Trims Healthcare Services Group (NASDAQ:HCSG) Target Price to $12.00

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) had its price objective decreased by Robert W. Baird from $14.00 to $12.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a "neutral" rating on the business services provider's stock. Robert W. Baird's price objective would suggest a potential upside of 12.15% from the company's current price.

HCSG has been the topic of a number of other research reports. Benchmark reiterated a "buy" rating and set a $17.00 target price on shares of Healthcare Services Group in a research report on Thursday, July 25th. Royal Bank of Canada decreased their price objective on shares of Healthcare Services Group from $15.00 to $14.00 and set an "outperform" rating on the stock in a report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Healthcare Services Group has a consensus rating of "Hold" and a consensus price target of $14.00.

Healthcare Services Group Stock Up 1.1 %

Shares of NASDAQ:HCSG traded up $0.12 during trading on Thursday, hitting $10.70. 632,091 shares of the stock traded hands, compared to its average volume of 502,576. The company has a fifty day moving average price of $10.72 and a two-hundred day moving average price of $10.89. Healthcare Services Group has a 52-week low of $8.75 and a 52-week high of $13.00. The company has a market cap of $788.01 million, a price-to-earnings ratio of 18.74 and a beta of 0.52.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.20 earnings per share for the quarter, hitting analysts' consensus estimates of $0.20. Healthcare Services Group had a net margin of 1.82% and a return on equity of 12.58%. The business had revenue of $426.30 million during the quarter, compared to the consensus estimate of $424.94 million. During the same quarter in the prior year, the firm posted $0.12 earnings per share. The company's revenue was up 1.8% compared to the same quarter last year. On average, equities research analysts predict that Healthcare Services Group will post 0.78 EPS for the current fiscal year.

Institutional Investors Weigh In On Healthcare Services Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in HCSG. Headlands Technologies LLC acquired a new position in Healthcare Services Group during the first quarter worth about $27,000. Financial Management Professionals Inc. acquired a new stake in shares of Healthcare Services Group in the first quarter valued at approximately $55,000. PNC Financial Services Group Inc. lifted its position in Healthcare Services Group by 38.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,186 shares of the business services provider's stock worth $64,000 after buying an additional 1,714 shares in the last quarter. Bleakley Financial Group LLC acquired a new position in Healthcare Services Group during the third quarter worth $116,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in Healthcare Services Group in the 2nd quarter valued at $124,000. Institutional investors and hedge funds own 97.97% of the company's stock.

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.