Healthcare Services Group, Inc. (NASDAQ:HCSG).
Equity analyst Baird starting coverage on the stock setting a rating of “Outperform”. October 14 investment analysts at Stifel Nicolaus made no change to the company rating of “Buy” and raised the price expectation from $38.00 to $39.00.
On July 28 Stifel Nicolaus left the company rating at “Buy” but lowered the price expectation to $37.00 from $38.00. On March 25 Jefferies made no change to the stock rating of “Hold” and raised the price target from $31.50 to $33.00.
On February 25 Stifel Nicolaus held the company rating at “Buy” and moved up the price target from $34.00 to $37.00.
The company is so far trading up since yesterday’s close of $46.62. Additionally the company recently announced a dividend paid on Friday the 23rd of June 2017. The dividend was $0.188 per share for the quarter which is $0.75 annualized. This dividend represents a yield of $1.61. The ex-dividend date was set for Wednesday the 17th of May 2017.
The stock last traded at $50.94 marginally over the 50 day moving average of $47.31 and a tad higher than the 200 day moving average of $43.25. The 50 day moving average was up $3.22 or +6.80% whereas the 200 day moving average was up $7.28 or +16.82%.
Healthcare Services Group, Inc., launched on November 22, 1976, provides management, administrative and operating services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of the healthcare industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States. The Company operates through two segments: housekeeping, laundry, linen and other services (Housekeeping), and dietary department services (Dietary). The Company provides its Housekeeping services to all of its client facilities and provides Dietary services to over 1,000 facilities. The Business’s programs include IntelliClean, Personal Select, Classics Cafe and Homestyle settings..
Healthcare Services Group, Inc.’s P/E ratio is 46.36 and market cap is 3.69B. In the last earnings report the EPS was $1.09 and is projected to be $1.21 for the current year with 72,988,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.33 with next year’s EPS projected to be $1.39.
Short traders are feeling a little more bullish on the company if you look at the motion in short interest. The stock recorded a fall in short interest of -4.90% between May 31, 2017 and May 15, 2017. Short shares fell from 4,641,419 to 4,414,190 over that period. The short-interest ratio increased to 19.3 and the short interest percentage is 0.06% as of May 15.