Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Receives Average Rating of “Buy” from Analysts

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) has received a consensus recommendation of “Buy” from the eighteen analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $66.88.

Several equities analysts have recently commented on the company. Barclays assumed coverage on Acadia Healthcare in a research report on Thursday, August 12th. They issued an “underweight” rating and a $69.00 price objective on the stock. Seaport Global Securities began coverage on Acadia Healthcare in a research report on Friday, July 9th. They issued a “neutral” rating and a $63.23 price objective on the stock. Cowen began coverage on Acadia Healthcare in a research report on Thursday, September 9th. They issued an “outperform” rating and a $79.00 target price on the stock. Citigroup boosted their target price on Acadia Healthcare from $73.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, August 4th. Finally, SVB Leerink began coverage on Acadia Healthcare in a research report on Monday, September 27th. They issued an “outperform” rating and a $85.00 target price on the stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Profund Advisors LLC boosted its position in Acadia Healthcare by 3.0% during the 1st quarter. Profund Advisors LLC now owns 5,940 shares of the company’s stock valued at $339,000 after acquiring an additional 175 shares in the last quarter. CWM Advisors LLC lifted its holdings in shares of Acadia Healthcare by 3.1% during the 2nd quarter. CWM Advisors LLC now owns 5,940 shares of the company’s stock valued at $373,000 after purchasing an additional 180 shares during the last quarter. Cresset Asset Management LLC lifted its holdings in shares of Acadia Healthcare by 3.5% during the 2nd quarter. Cresset Asset Management LLC now owns 5,342 shares of the company’s stock valued at $336,000 after purchasing an additional 180 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Acadia Healthcare by 0.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,895 shares of the company’s stock valued at $1,876,000 after purchasing an additional 191 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of Acadia Healthcare by 0.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 33,608 shares of the company’s stock valued at $2,109,000 after purchasing an additional 201 shares during the last quarter.

Shares of ACHC traded up $0.35 during trading hours on Friday, hitting $55.50. The stock had a trading volume of 4,932 shares, compared to its average volume of 476,659. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.35 and a quick ratio of 1.35. Acadia Healthcare has a 12 month low of $27.96 and a 12 month high of $68.65. The firm has a market capitalization of $4.99 billion, a PE ratio of -7.11, a PEG ratio of 6.90 and a beta of 1.56. The stock has a fifty day moving average price of $63.24 and a 200 day moving average price of $62.61.

Acadia Healthcare (NASDAQ:ACHC) last released its quarterly earnings results on Sunday, August 1st. The company reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.08. Acadia Healthcare had a positive return on equity of 11.70% and a negative net margin of 27.61%. The business had revenue of $582.20 million during the quarter, compared to analyst estimates of $560.88 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. Acadia Healthcare’s revenue for the quarter was up 18.5% on a year-over-year basis. As a group, analysts anticipate that Acadia Healthcare will post 2.6 EPS for the current fiscal year.

Acadia Healthcare Company Profile

Acadia Healthcare Co, Inc engages in the provision of behavioral healthcare services. It operates through the following business segments: United States (U.S.) Facilities and the United Kingdom (U.K.) Facilities. The U.S. Facilities segment classified in the following categories: acute inpatient psychiatric facilities; specialty treatment facilities; residential treatment centers; and outpatient community-based services.

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Analyst Recommendations for Acadia Healthcare (NASDAQ:ACHC)

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