BMO Capital Markets Begins Coverage on Healthcare Services Group (NASDAQ:HCSG)

Investment analysts at BMO Capital Markets started coverage on shares of Healthcare Services Group (NASDAQ:HCSG) in a note issued to investors on Thursday, MarketBeat reports. The brokerage set a “market perform” rating and a $20.00 price target on the business services provider’s stock. BMO Capital Markets’ price target indicates a potential upside of 15.27% from the stock’s current price.

A number of other analysts have also issued reports on the company. Zacks Research lowered Healthcare Services Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Macquarie upgraded Healthcare Services Group from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $15.00 to $16.00 in a research note on Tuesday, July 29th. Robert W. Baird upped their target price on Healthcare Services Group from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Wall Street Zen upgraded Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 1st. Finally, Benchmark lifted their price target on shares of Healthcare Services Group from $19.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $19.40.

Healthcare Services Group Trading Up 0.1%

NASDAQ HCSG opened at $17.35 on Thursday. The company’s fifty day simple moving average is $16.84 and its 200-day simple moving average is $15.29. Healthcare Services Group has a 52 week low of $9.13 and a 52 week high of $20.00. The stock has a market cap of $1.22 billion, a P/E ratio of 32.13 and a beta of 0.73.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings results on Wednesday, October 22nd. The business services provider reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $464.34 million during the quarter, compared to analyst estimates of $460.36 million. During the same period last year, the business earned $0.19 EPS. The business’s revenue 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 EPS for the current fiscal year.

Hedge Funds Weigh In On Healthcare Services Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its holdings in shares of Healthcare Services Group by 163.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,186 shares of the business services provider’s stock worth $33,000 after acquiring an additional 1,356 shares during the period. GAMMA Investing LLC increased its stake in shares of Healthcare Services Group by 94.9% in the third 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 during the period. USA Financial Formulas bought a new stake in shares of Healthcare Services Group during the second quarter valued at approximately $60,000. LSV Asset Management bought a new stake in shares of Healthcare Services Group during the third quarter valued at approximately $108,000. Finally, US Bancorp DE boosted 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 during the period. 97.97% of the stock is currently owned by institutional investors and hedge funds.

About Healthcare Services Group

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.