Healthcare Services Group (NASDAQ:HCSG) Cut to Buy at Wall Street Zen

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Friday.

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HCSG has been the topic of a number of other research reports. Zacks Research lowered Healthcare Services Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 30th. BMO Capital Markets started coverage on shares of Healthcare Services Group in a report on Thursday, November 13th. They issued a "market perform" rating and a $20.00 price objective on the stock. UBS Group restated a "buy" rating on shares of Healthcare Services Group in a report on Monday. Benchmark boosted 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. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Healthcare Services Group in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $19.40.

View Our Latest Analysis on HCSG

Healthcare Services Group Trading Down 1.0%

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NASDAQ:HCSG opened at $18.76 on Friday. The stock has a 50 day moving average of $17.27 and a two-hundred day moving average of $15.55. Healthcare Services Group has a 12 month low of $9.13 and a 12 month high of $20.00. The firm has a market cap of $1.32 billion, a P/E ratio of 34.74 and a beta of 0.73.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last issued its quarterly earnings results on Wednesday, October 22nd. The business services provider reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.02. Healthcare Services Group had a return on equity of 12.23% and a net margin of 2.20%.The firm had revenue of $464.34 million for the quarter, compared to analyst estimates of $460.36 million. During the same period in the previous year, the company posted $0.19 earnings per share. 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 forecast that Healthcare Services Group will post 0.74 earnings per share for the current year.

Hedge Funds Weigh In On Healthcare Services Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its stake 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 valued at $33,000 after purchasing an additional 1,356 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Healthcare Services Group by 94.9% during the 3rd quarter. GAMMA Investing LLC now owns 2,843 shares of the business services provider's stock worth $48,000 after buying an additional 1,384 shares in the last quarter. USA Financial Formulas purchased a new position in shares of Healthcare Services Group during the 2nd quarter worth approximately $60,000. US Bancorp DE lifted its holdings in shares of Healthcare Services Group by 161.4% in the 1st quarter. US Bancorp DE now owns 8,097 shares of the business services provider's stock valued at $82,000 after buying an additional 5,000 shares during the period. Finally, LSV Asset Management purchased a new stake in shares of Healthcare Services Group in the third quarter valued at approximately $108,000. 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.

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