Robert W. Baird Cuts Healthcare Services Group (NASDAQ:HCSG) Price Target to $12.00

Healthcare Services Group (NASDAQ:HCSG) had its price target lowered by Robert W. Baird from $14.00 to $12.00 in a research note issued to investors on Thursday morning, Benzinga reports. The firm currently has a neutral rating on the business services provider’s stock.

A number of other equities research analysts also recently weighed in on the stock. Benchmark reissued a “buy” rating and set a $17.00 price target on shares of Healthcare Services Group in a research note on Thursday, July 25th. Royal Bank of Canada decreased their price objective on shares of Healthcare Services Group from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $14.00.

Healthcare Services Group Price Performance

Shares of NASDAQ:HCSG opened at $10.74 on Thursday. Healthcare Services Group has a fifty-two week low of $8.94 and a fifty-two week high of $13.00. The business has a 50-day moving average of $10.72 and a two-hundred day moving average of $10.86. The stock has a market capitalization of $788.10 million, a P/E ratio of 24.98 and a beta of 0.52.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The company had revenue of $428.10 million during the quarter, compared to the consensus estimate of $429.95 million. Healthcare Services Group had a net margin of 1.82% and a return on equity of 12.58%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the firm earned $0.17 EPS. As a group, research analysts expect that Healthcare Services Group will post 0.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HCSG. New York State Teachers Retirement System raised its holdings in shares of Healthcare Services Group by 5.3% in the 3rd quarter. New York State Teachers Retirement System now owns 128,203 shares of the business services provider’s stock valued at $1,432,000 after purchasing an additional 6,418 shares during the period. Semanteon Capital Management LP raised its stake in Healthcare Services Group by 40.5% in the third quarter. Semanteon Capital Management LP now owns 22,827 shares of the business services provider’s stock valued at $255,000 after buying an additional 6,575 shares during the period. Financial Management Professionals Inc. lifted its position in shares of Healthcare Services Group by 85.7% in the third quarter. Financial Management Professionals Inc. now owns 8,180 shares of the business services provider’s stock valued at $91,000 after buying an additional 3,774 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Healthcare Services Group by 62.6% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 19,119 shares of the business services provider’s stock worth $214,000 after acquiring an additional 7,362 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in Healthcare Services Group by 1,017.5% in the 3rd quarter. International Assets Investment Management LLC now owns 10,292 shares of the business services provider’s stock valued at $1,150,000 after acquiring an additional 9,371 shares during the period. 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.