Benchmark Starts Healthcare Services Group (HCSG) at Buy; Macro Defensive-Growth Characteristics
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Price: $22.97 +0.17%
Rating Summary:
6 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 13 | New: 20
Rating Summary:
6 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 13 | New: 20
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Benchmark initiates coverage on Healthcare Services Group (NASDAQ: HCSG) with a Buy.
Benchmark analyst said, "We believe that Healthcare Services Group has significant defensive-growth characteristics. We believe that the “Aging of the Population” will drive an increase in demand for services provided by long-term care facilities and other healthcare related facilities. We estimate that this increased demand for healthcare services will drive an increase in demand for HCSG’s professional services...We believe that HCSG is positioned to benefit from the current outsourcing trend among healthcare providers...We believe that HCSG participates in a large and growing multi-billion market that is characterized by high customer retention with a highly visible revenue stream."
For an analyst ratings summary and ratings history on Healthcare Services Group click here. For more ratings news on Healthcare Services Group click here.
Shares of Healthcare Services Group closed at $20.35 yesterday.
Benchmark analyst said, "We believe that Healthcare Services Group has significant defensive-growth characteristics. We believe that the “Aging of the Population” will drive an increase in demand for services provided by long-term care facilities and other healthcare related facilities. We estimate that this increased demand for healthcare services will drive an increase in demand for HCSG’s professional services...We believe that HCSG is positioned to benefit from the current outsourcing trend among healthcare providers...We believe that HCSG participates in a large and growing multi-billion market that is characterized by high customer retention with a highly visible revenue stream."
For an analyst ratings summary and ratings history on Healthcare Services Group click here. For more ratings news on Healthcare Services Group click here.
Shares of Healthcare Services Group closed at $20.35 yesterday.
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