Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) have earned an average rating of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $87.44.

ACHC has been the topic of several research analyst reports. Mizuho decreased their target price on Acadia Healthcare from $84.00 to $70.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. StockNews.com lowered shares of Acadia Healthcare from a “hold” rating to a “sell” rating in a report on Tuesday, May 21st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Acadia Healthcare from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Cantor Fitzgerald reissued a “neutral” rating and issued a $90.00 price target on shares of Acadia Healthcare in a report on Monday, August 19th. Finally, TD Cowen reduced their price objective on Acadia Healthcare from $101.00 to $91.00 and set a “buy” rating on the stock in a report on Friday, May 17th.

Acadia Healthcare Trading Up 4.8 %

Shares of Acadia Healthcare stock opened at $79.91 on Friday. The stock has a market capitalization of $7.41 billion, a P/E ratio of -570.79, a price-to-earnings-growth ratio of 2.21 and a beta of 1.32. The company has a quick ratio of 1.27, a current ratio of 1.18 and a debt-to-equity ratio of 0.60. The company has a 50-day simple moving average of $68.70 and a 200 day simple moving average of $72.73. Acadia Healthcare has a 12-month low of $62.04 and a 12-month high of $87.77.

Acadia Healthcare (NASDAQ:ACHC) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.04. The company had revenue of $796.00 million during the quarter, compared to analyst estimates of $784.38 million. Acadia Healthcare had a negative net margin of 0.17% and a positive return on equity of 11.42%. The company’s revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the business posted $0.92 earnings per share. Research analysts expect that Acadia Healthcare will post 3.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Acadia Healthcare

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ACHC. Rhenman & Partners Asset Management AB acquired a new position in shares of Acadia Healthcare during the 4th quarter worth about $1,448,000. Sivik Global Healthcare LLC increased its stake in Acadia Healthcare by 20.0% in the fourth quarter. Sivik Global Healthcare LLC now owns 90,000 shares of the company’s stock valued at $6,998,000 after purchasing an additional 15,000 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Acadia Healthcare in the second quarter worth $800,000. TCW Group Inc. boosted its position in shares of Acadia Healthcare by 63.8% during the second quarter. TCW Group Inc. now owns 62,888 shares of the company’s stock worth $4,247,000 after purchasing an additional 24,487 shares in the last quarter. Finally, Axiom Investors LLC DE increased its position in shares of Acadia Healthcare by 349.0% in the 4th quarter. Axiom Investors LLC DE now owns 68,380 shares of the company’s stock valued at $5,317,000 after buying an additional 53,150 shares in the last quarter.

Acadia Healthcare Company Profile

Acadia Healthcare Company, Inc provides behavioral healthcare services in the United States and Puerto Rico. The company develops and operates acute inpatient psychiatric facilities, specialty treatment facilities comprising residential recovery facilities and eating disorder facilities, comprehensive treatment centers, and residential treatment centers, as well as facilities offering outpatient behavioral healthcare services for the behavioral healthcare and recovery needs of communities.