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

Healthcare Services Group (NASDAQ:HCSG) had its price objective decreased by equities researchers at Robert W. Baird from $14.00 to $12.00 in a report released on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the business services provider’s stock. Robert W. Baird’s price objective points to a potential upside of 11.73% from the stock’s previous close.

HCSG has been the subject of a number of other research reports. Benchmark reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Healthcare Services Group in a report on Thursday, July 25th. Royal Bank of Canada reduced their price target on Healthcare Services Group from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.00.

Healthcare Services Group Stock Up 0.4 %

Shares of HCSG stock opened at $10.74 on Thursday. Healthcare Services Group has a 52-week low of $8.94 and a 52-week high of $13.00. The stock has a market cap of $790.96 million, a PE ratio of 18.84 and a beta of 0.52. The business has a 50-day simple moving average of $10.72 and a 200-day simple moving average of $10.88.

Healthcare Services Group (NASDAQ:HCSG) last announced 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 company had revenue of $428.10 million during the quarter, compared to the consensus estimate of $429.95 million. Healthcare Services Group had a return on equity of 12.58% and a net margin of 1.82%. Healthcare Services Group’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 earnings per share. Sell-side analysts anticipate that Healthcare Services Group will post 0.78 earnings per share for the current fiscal year.

Institutional Trading of Healthcare Services Group

Several institutional investors have recently modified their holdings of HCSG. Headlands Technologies LLC acquired a new stake in Healthcare Services Group in the 1st quarter worth about $27,000. Financial Management Professionals Inc. purchased a new stake in shares of Healthcare Services Group during the first quarter worth approximately $55,000. PNC Financial Services Group Inc. raised its stake in Healthcare Services Group by 38.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,186 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 1,714 shares during the last quarter. Bleakley Financial Group LLC purchased a new position in Healthcare Services Group in the 3rd quarter valued at $116,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in Healthcare Services Group during the 2nd quarter worth $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.