In yesterday’s Wall Street session, Healthcare Services Group Inc. (NASDAQ:HCSG) shares traded at $14.75, up 2.86% from the previous session.
As of this writing, 6 analysts cover Healthcare Services Group Inc. (NASDAQ:HCSG). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $18.00 and a low of $14.00, we find $17.00. Given the previous closing price of $14.34, this indicates a potential upside of 18.55 percent. HCSG stock price is now 1.59% away from the 50-day moving average and 8.36% away from the 200-day moving average. The market capitalization of the company currently stands at $1.10B.
There are 4 analysts who have given it a hold rating, whereas 2 have given it a buy rating. Brokers who have rated the stock have averaged $16.40 as their price target over the next twelve months.
With the price target enhanced from $8.50 to $14, Jefferies Upgraded its rating from Underperform to Hold for Healthcare Services Group Inc. (NASDAQ: HCSG).
In other news, Simmons Kurt JR, Director bought 1,005 shares of the company’s stock on Jun 30. The stock was bought for $15,005 at an average price of $14.93. Upon completion of the transaction, the Director now directly owns 8,542 shares in the company, valued at $0.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 24, Principal Accounting Officer Brophy Andrew M sold 951 shares of the business’s stock. A total of $12,753 was realized by selling the stock at an average price of $13.41. This leaves the insider owning 3,644 shares of the company worth $53749.0. Insiders disposed of 48,507 shares of company stock worth roughly $0.72 million over the past 1 year. A total of 0.74% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HCSG stock. A new stake in Healthcare Services Group Inc. shares was purchased by J. GOLDMAN & CO LP during the first quarter worth $5,277,000. ERGOTELES LLC invested $5,223,000 in shares of HCSG during the first quarter. In the first quarter, CLARIVEST ASSET MANAGEMENT LLC acquired a new stake in Healthcare Services Group Inc. valued at approximately $4,179,000. EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in HCSG for approximately $3,181,000. ASSENAGON ASSET MANAGEMENT S.A. purchased a new stake in HCSG valued at around $2,543,000 in the second quarter. In total, there are 284 active investors with 97.92% ownership of the company’s stock.
Thursday morning saw Healthcare Services Group Inc. (NASDAQ: HCSG) opened at $14.38. During the past 12 months, Healthcare Services Group Inc. has had a low of $11.55 and a high of $18.74. As of last week, the company has a debt-to-equity ratio of 0.08, a current ratio of 3.10, and a quick ratio of 3.00. According to the stock market information, the enterprise value for the company is $1.03B, which is based on a 30.48 price-to-earnings ratio, a 3.39 price-to-earnings-growth ratio, and a beta of 0.43. The fifty day moving average price for HCSG is $14.51 and a two-hundred day moving average price translates $13.62 for the stock.
The latest earnings results from Healthcare Services Group Inc. (NASDAQ: HCSG) was released for Mar, 2023. According to the Medical Care Facilities Company, earnings per share came in at $0.17, beating analysts’ expectations of $0.13 by 0.04. This compares to $0.15 EPS in the same period last year. The net profit margin was 2.10% and return on equity was 8.30% for HCSG. The company reported revenue of $417.23 million for the quarter, compared to $426.81 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.24 percent. For the current quarter, analysts expect HCSG to generate $418.7M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/22/2022. Investors who held shares on 11/18/2022 were paid a $0.215 dividend. On an annualized basis, this represents a $0.86 dividend and a 5.83% percent yield. There was an ex-dividend date of 11/17/2022 for this dividend. In terms of dividend payout ratio, HCSG is presently at 132.60%.
