Equities Analysts Issue Forecasts for Acadia Healthcare Company, Inc.’s Q3 2023 Earnings (NASDAQ:ACHC)

Acadia Healthcare Company, Inc. (NASDAQ:ACHC – Get Rating) – Equities research analysts at Zacks Research boosted their Q3 2023 earnings per share estimates for shares of Acadia Healthcare in a research note issued on Monday, March 13th. Zacks Research analyst D. Chatterjee now anticipates that the company will earn $0.87 per share for the quarter, up from their previous forecast of $0.85. The consensus estimate for Acadia Healthcare’s current full-year earnings is $3.30 per share. Zacks Research also issued estimates for Acadia Healthcare’s Q4 2024 earnings at $0.89 EPS.

ACHC has been the subject of several other reports. Deutsche Bank Aktiengesellschaft reduced their price target on Acadia Healthcare from $82.00 to $75.00 and set a “hold” rating for the company in a report on Monday, March 6th. Loop Capital upgraded shares of Acadia Healthcare from a “hold” rating to a “buy” rating and raised their price objective for the company from $90.00 to $95.00 in a research note on Monday, December 12th. StockNews.com initiated coverage on shares of Acadia Healthcare in a research note on Thursday. They issued a “hold” rating on the stock. Mizuho reduced their price target on shares of Acadia Healthcare from $87.00 to $80.00 and set a “neutral” rating for the company in a research report on Monday, March 6th. Finally, Stephens lowered their price objective on Acadia Healthcare from $92.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 1st. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $89.67.

Acadia Healthcare Stock Up 2.6 %

Shares of NASDAQ:ACHC opened at $70.23 on Thursday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.49. The stock has a fifty day simple moving average of $79.81 and a two-hundred day simple moving average of $81.39. Acadia Healthcare has a 12-month low of $63.20 and a 12-month high of $89.85. The stock has a market capitalization of $6.41 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 1.46 and a beta of 1.31.

Institutional Trading of Acadia Healthcare

A number of large investors have recently made changes to their positions in ACHC. Vanguard Group Inc. grew its position in Acadia Healthcare by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 8,758,004 shares of the company’s stock worth $684,700,000 after purchasing an additional 131,959 shares during the period. BlackRock Inc. boosted its stake in shares of Acadia Healthcare by 1.0% in the 3rd quarter. BlackRock Inc. now owns 7,728,265 shares of the company’s stock worth $604,195,000 after buying an additional 73,055 shares during the last quarter. State Street Corp grew its holdings in shares of Acadia Healthcare by 2.4% in the third quarter. State Street Corp now owns 2,451,285 shares of the company’s stock worth $191,641,000 after acquiring an additional 58,451 shares during the period. Fred Alger Management LLC increased its position in Acadia Healthcare by 14.6% during the fourth quarter. Fred Alger Management LLC now owns 2,323,220 shares of the company’s stock valued at $191,247,000 after acquiring an additional 296,704 shares during the last quarter. Finally, Durable Capital Partners LP lifted its holdings in Acadia Healthcare by 30.8% in the fourth quarter. Durable Capital Partners LP now owns 1,941,595 shares of the company’s stock valued at $159,832,000 after acquiring an additional 457,687 shares during the period. 99.79% of the stock is currently owned by institutional investors.

Acadia Healthcare Company Profile

(Get Rating)

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 is classified in the following categories: acute inpatient psychiatric facilities, specialty treatment facilities, residential treatment centers, and outpatient community-based services.