Analysts Set Healthcare Services Group, Inc. (HCSG) PT at $44.80

Share on StockTwits

Healthcare Services Group, Inc. (NASDAQ:HCSG) has been given a consensus rating of “Buy” by the eleven ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $44.80.

Several research firms recently weighed in on HCSG. Zacks Investment Research upgraded Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. ValuEngine downgraded Healthcare Services Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Jefferies Financial Group set a $53.00 price objective on Healthcare Services Group and gave the company a “buy” rating in a research report on Tuesday, October 2nd. BidaskClub upgraded Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 10th. Finally, Stephens began coverage on Healthcare Services Group in a research report on Tuesday, October 2nd. They issued an “overweight” rating on the stock.

NASDAQ HCSG traded up $0.05 on Monday, hitting $41.68. 891,751 shares of the company traded hands, compared to its average volume of 610,526. The company has a market capitalization of $3.07 billion, a PE ratio of 35.02 and a beta of 0.73. Healthcare Services Group has a 52-week low of $35.04 and a 52-week high of $56.20.

Healthcare Services Group (NASDAQ:HCSG) last released its earnings results on Tuesday, October 16th. The business services provider reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). The company had revenue of $506.90 million for the quarter, compared to analysts’ expectations of $510.27 million. Healthcare Services Group had a net margin of 3.59% and a return on equity of 17.80%. Healthcare Services Group’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 earnings per share. Sell-side analysts anticipate that Healthcare Services Group will post 1.44 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, November 23rd will be given a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 1.87%. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, November 21st. Healthcare Services Group’s payout ratio is presently 65.55%.

In related news, Director Robert J. Moss sold 5,001 shares of the business’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $43.95, for a total value of $219,793.95. Following the sale, the director now directly owns 5,001 shares in the company, valued at $219,793.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert J. Moss sold 2,000 shares of the business’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $47.55, for a total value of $95,100.00. Following the completion of the sale, the director now owns 2,000 shares in the company, valued at $95,100. The disclosure for this sale can be found here. Insiders sold 7,701 shares of company stock worth $347,780 over the last 90 days. Company insiders own 1.00% of the company’s stock.

Several large investors have recently bought and sold shares of HCSG. Advisors Asset Management Inc. purchased a new stake in shares of Healthcare Services Group in the third quarter worth about $111,000. Brookstone Capital Management purchased a new stake in shares of Healthcare Services Group in the second quarter worth about $203,000. Allianz Asset Management GmbH purchased a new stake in shares of Healthcare Services Group in the first quarter worth about $212,000. Signature Financial Management Inc. purchased a new stake in shares of Healthcare Services Group in the second quarter worth about $216,000. Finally, Eqis Capital Management Inc. purchased a new stake in shares of Healthcare Services Group in the second quarter worth about $222,000.

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

Featured Article: Exchange-Traded Funds (ETFs)

Analyst Recommendations for Healthcare Services Group (NASDAQ:HCSG)

Receive News & Ratings for Healthcare Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthcare Services Group and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.