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

Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHCGet Rating) have earned an average rating of “Buy” from the fifteen research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $72.85.

Several research firms recently issued reports on ACHC. SVB Leerink lifted their price objective on Acadia Healthcare from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, April 8th. StockNews.com began coverage on Acadia Healthcare in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Credit Suisse Group lifted their price objective on Acadia Healthcare from $74.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, March 2nd.

Shares of Acadia Healthcare stock opened at $67.24 on Wednesday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.59. Acadia Healthcare has a twelve month low of $50.07 and a twelve month high of $76.69. The business has a 50-day moving average price of $65.40 and a 200 day moving average price of $60.39. The firm has a market cap of $6.09 billion, a PE ratio of 32.02, a P/E/G ratio of 2.42 and a beta of 1.40.

Acadia Healthcare (NASDAQ:ACHCGet Rating) last announced its quarterly earnings results on Monday, February 28th. The company reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.01). Acadia Healthcare had a net margin of 8.24% and a return on equity of 9.66%. The business had revenue of $593.48 million during the quarter, compared to analysts’ expectations of $587.80 million. During the same quarter in the prior year, the firm earned $1.13 EPS. Acadia Healthcare’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, sell-side analysts expect that Acadia Healthcare will post 3.01 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in Acadia Healthcare by 3.5% in the fourth quarter. BlackRock Inc. now owns 7,588,129 shares of the company’s stock valued at $460,597,000 after acquiring an additional 259,180 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Acadia Healthcare by 26.3% in the fourth quarter. Alliancebernstein L.P. now owns 2,748,073 shares of the company’s stock valued at $166,808,000 after acquiring an additional 571,384 shares during the last quarter. State Street Corp lifted its holdings in Acadia Healthcare by 1.5% in the fourth quarter. State Street Corp now owns 2,334,972 shares of the company’s stock valued at $141,733,000 after acquiring an additional 33,738 shares during the last quarter. Viking Global Investors LP lifted its stake in Acadia Healthcare by 2.1% during the third quarter. Viking Global Investors LP now owns 2,102,758 shares of the company’s stock worth $134,114,000 after purchasing an additional 42,633 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Acadia Healthcare by 132.5% during the fourth quarter. Invesco Ltd. now owns 1,598,040 shares of the company’s stock worth $97,000,000 after buying an additional 910,813 shares during the period.

Acadia Healthcare Company Profile (Get Rating)

Acadia Healthcare Company, Inc develops and operates inpatient psychiatric facilities, residential treatment centers, group homes, substance abuse facilities, and outpatient behavioral healthcare facilities to serve the behavioral health and recovery needs of communities in the United States and Puerto Rico.

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Analyst Recommendations for Acadia Healthcare (NASDAQ:ACHC)

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