Healthcare Services Group (NASDAQ:HCSG) Now Covered by Analysts at BMO Capital Markets

Stock analysts at BMO Capital Markets began coverage on shares of Healthcare Services Group (NASDAQ:HCSG) in a research report issued on Thursday, Marketbeat reports. The firm set a “market perform” rating and a $20.00 price target on the business services provider’s stock. BMO Capital Markets’ target price points to a potential upside of 14.68% from the stock’s current price.

Several other equities research analysts have also recently commented on the company. Zacks Research cut Healthcare Services Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Benchmark boosted their price target on shares of Healthcare Services Group from $19.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Wall Street Zen upgraded shares of Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. UBS Group increased their price target on shares of Healthcare Services Group from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Finally, Macquarie upgraded Healthcare Services Group from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $15.00 to $16.00 in a report on Tuesday, July 29th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Healthcare Services Group presently has a consensus rating of “Hold” and a consensus target price of $19.40.

Healthcare Services Group Stock Performance

Shares of HCSG traded down $0.26 during trading hours on Thursday, hitting $17.44. 89,033 shares of the stock were exchanged, compared to its average volume of 682,639. The stock’s 50-day moving average price is $16.77 and its two-hundred day moving average price is $15.25. Healthcare Services Group has a 12-month low of $9.13 and a 12-month high of $20.00. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 32.30 and a beta of 0.73.

Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings results on Wednesday, October 22nd. The business services provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. Healthcare Services Group had a net margin of 2.20% and a return on equity of 12.23%. The firm had revenue of $464.34 million for the quarter, compared to the consensus estimate of $460.36 million. During the same period last year, the firm posted $0.19 earnings per share. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. Healthcare Services Group has set its Q4 2025 guidance at EPS. On average, research analysts expect that Healthcare Services Group will post 0.74 earnings per share for the current year.

Institutional Trading of Healthcare Services Group

A number of large investors have recently modified their holdings of HCSG. EverSource Wealth Advisors LLC boosted its holdings in Healthcare Services Group by 163.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,186 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 1,356 shares during the period. GAMMA Investing LLC raised its position in Healthcare Services Group by 94.9% in the 3rd quarter. GAMMA Investing LLC now owns 2,843 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 1,384 shares in the last quarter. USA Financial Formulas purchased a new position in shares of Healthcare Services Group in the 2nd quarter valued at about $60,000. LSV Asset Management purchased a new position in shares of Healthcare Services Group in the 3rd quarter valued at about $108,000. Finally, US Bancorp DE grew its position in shares of Healthcare Services Group by 161.4% during the first quarter. US Bancorp DE now owns 8,097 shares of the business services provider’s stock worth $82,000 after buying an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors 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.