Healthcare Services Group, Inc. (NASDAQ:HCSG) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) have earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $19.25.

Several equities analysts have weighed in on HCSG shares. Wall Street Zen raised Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Zacks Research lowered shares of Healthcare Services Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Robert W. Baird lifted their price objective on shares of Healthcare Services Group from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Healthcare Services Group in a report on Wednesday, October 8th. Finally, Benchmark raised 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.

Institutional Investors Weigh In On Healthcare Services Group

Several large investors have recently bought and sold shares of HCSG. EverSource Wealth Advisors LLC raised its position in 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 valued at $33,000 after purchasing an additional 1,356 shares in the last quarter. GAMMA Investing LLC raised its holdings in 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 acquiring an additional 1,384 shares in the last quarter. USA Financial Formulas purchased a new position in Healthcare Services Group in the second quarter worth approximately $60,000. US Bancorp DE grew its holdings in Healthcare Services Group by 161.4% during the 1st quarter. US Bancorp DE now owns 8,097 shares of the business services provider’s stock worth $82,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Martingale Asset Management L P purchased a new stake in shares of Healthcare Services Group in the 1st quarter valued at approximately $127,000. Hedge funds and other institutional investors own 97.97% of the company’s stock.

Healthcare Services Group Stock Up 0.8%

Shares of NASDAQ HCSG opened at $18.03 on Wednesday. The business’s 50 day moving average is $16.54 and its two-hundred day moving average is $15.02. Healthcare Services Group has a 52-week low of $9.13 and a 52-week high of $20.00. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 33.39 and a beta of 0.70.

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

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.