Healthcare Services Group (NASDAQ:HCSG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Healthcare Services Group, Inc. provides housekeeping, laundry, linen, facility maintenance and food services to the health care industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals. Healthcare Services Group has the experience and expertise to meet these needs, making the preferred choice for hospital and senior living clients nationwide. Healthcare Services Group has delivered exceptional housekeeping/laundry and dining/nutrition services to an ever-changing healthcare industry. Healthcare Services provide professional management of ancillary services to a diverse mix of satisfied clients. Flexible and responsive, our people are trained to help you achieve success by delivering innovative solutions, exceptional performance and measurable results. “

Several other analysts have also recently weighed in on HCSG. ValuEngine upgraded shares of Healthcare Services Group from a “hold” rating to a “buy” rating in a research note on Friday, November 16th. BidaskClub upgraded shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 10th. Jefferies Financial Group set a $53.00 price objective on shares of Healthcare Services Group and gave the stock a “buy” rating in a research note on Tuesday, October 2nd. Stephens assumed coverage on shares of Healthcare Services Group in a research note on Tuesday, October 2nd. They issued an “overweight” rating for the company. Finally, Berenberg Bank assumed coverage on shares of Healthcare Services Group in a research note on Thursday, October 4th. They issued a “hold” rating and a $40.00 price objective for the company. One analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Healthcare Services Group currently has an average rating of “Buy” and a consensus target price of $46.00.

Shares of Healthcare Services Group stock opened at $44.86 on Tuesday. Healthcare Services Group has a twelve month low of $35.04 and a twelve month high of $56.20. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 37.70 and a beta of 0.71.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings data on Tuesday, October 16th. The business services provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.02). Healthcare Services Group had a return on equity of 17.80% and a net margin of 3.59%. The business had revenue of $506.90 million during the quarter, compared to analyst estimates of $510.27 million. During the same quarter last year, the firm earned $0.31 EPS. Healthcare Services Group’s revenue for the quarter was up 3.2% compared to the same quarter last year. Equities analysts expect that Healthcare Services Group will post 1.44 earnings per share for the current fiscal year.

In other Healthcare Services Group news, Director Robert J. Moss sold 5,001 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $43.95, for a total value of $219,793.95. Following the transaction, the director now directly owns 5,001 shares of the company’s stock, valued at approximately $219,793.95. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.00% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC increased its holdings in Healthcare Services Group by 3.0% in the 2nd quarter. MetLife Investment Advisors LLC now owns 80,115 shares of the business services provider’s stock valued at $3,460,000 after buying an additional 2,325 shares during the period. Stephens Inc. AR increased its holdings in Healthcare Services Group by 34.0% in the 2nd quarter. Stephens Inc. AR now owns 8,712 shares of the business services provider’s stock valued at $376,000 after buying an additional 2,211 shares during the period. AMI Asset Management Corp increased its holdings in Healthcare Services Group by 5.4% in the 3rd quarter. AMI Asset Management Corp now owns 854,408 shares of the business services provider’s stock valued at $34,706,000 after buying an additional 44,151 shares during the period. Liberty Mutual Group Asset Management Inc. bought a new position in Healthcare Services Group in the 2nd quarter valued at about $634,000. Finally, Vident Investment Advisory LLC increased its holdings in Healthcare Services Group by 101.0% in the 2nd quarter. Vident Investment Advisory LLC now owns 60,791 shares of the business services provider’s stock valued at $2,626,000 after buying an additional 30,554 shares during the period.

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.

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Analyst Recommendations for Healthcare Services Group (NASDAQ:HCSG)

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