Healthcare Services Group (HCSG) Receives Analyst Rating

Healthcare Services Group (HCSG) : 4 analysts are covering Healthcare Services Group (HCSG) and their average rating on the stock is 2, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Healthcare Services Group (HCSG) stock is expected to deviate a maximum of $3.06 from the average target price of $43.67 for the short term period. 3 Street Experts have initiated coverage on the stock with the most promising target being $47 and the most muted being $41.


Healthcare Services Group (NASDAQ:HCSG): After opening at $37.61, the stock dipped to an intraday low of $37.25 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $38.18 and the buying power remained strong till the end. The stock closed at $37.78 for the day, a gain of 0.59% for the day session. The total traded volume was 495,386. The stocks close on the previous trading day was $37.56.

Healthcare Services Group, Inc. provides management, administrative and operating services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of the health care industry. The Company caters to nursing homes, retirement complexes, rehabilitation centers and hospitals located in the United States. The Company operates its business in two segments: Housekeeping and Dietary. The Housekeeping segment includes housekeeping, laundry and linen. Housekeeping segment also includes laundering and processing the bed linens, uniforms and other assorted linen items utilized by a client facility. The Dietary segment includes dietary department services. Dietary consists of managing the clients dietary department, which is principally responsible for food purchasing, meal preparation and providing professional dietitian consulting services, which includes the development of a menu that meets a patients dietary needs.

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