Raymond James Financial Reiterates Outperform Rating for Acadia Healthcare (NASDAQ:ACHC)

Acadia Healthcare (NASDAQ:ACHC)‘s stock had its “outperform” rating reaffirmed by Raymond James Financial in a report issued on Thursday, Marketbeat.com reports. They currently have a $26.00 target price on the stock, down from their prior target price of $40.00. Raymond James Financial’s price target indicates a potential upside of 23.93% from the stock’s previous close.

Several other analysts have also recently issued reports on ACHC. Mizuho set a $22.00 price objective on shares of Acadia Healthcare and gave the company a “neutral” rating in a research note on Wednesday. Cowen reiterated a “buy” rating on shares of Acadia Healthcare in a report on Thursday, August 7th. UBS Group decreased their target price on shares of Acadia Healthcare from $45.00 to $31.00 and set a “buy” rating on the stock in a report on Thursday, August 7th. Guggenheim decreased their target price on shares of Acadia Healthcare from $36.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, August 7th. Finally, Barclays decreased their target price on shares of Acadia Healthcare from $28.00 to $20.00 and set an “equal weight” rating on the stock in a report on Thursday, August 7th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.77.

Acadia Healthcare Stock Up 1.5%

Shares of NASDAQ ACHC opened at $20.98 on Thursday. Acadia Healthcare has a 12-month low of $17.13 and a 12-month high of $82.40. The stock has a market cap of $1.94 billion, a PE ratio of 13.89, a P/E/G ratio of 4.02 and a beta of 0.88. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.73. The company has a 50-day moving average of $21.97 and a 200 day moving average of $27.05.

Acadia Healthcare (NASDAQ:ACHC) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.12. Acadia Healthcare had a net margin of 4.31% and a return on equity of 8.34%. The company had revenue of $869.23 million during the quarter, compared to analysts’ expectations of $839.59 million. During the same quarter in the prior year, the company earned $0.91 EPS. Acadia Healthcare’s revenue was up 9.2% compared to the same quarter last year. As a group, sell-side analysts predict that Acadia Healthcare will post 3.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Acadia Healthcare

Several large investors have recently made changes to their positions in ACHC. Citigroup Inc. lifted its holdings in shares of Acadia Healthcare by 5,144.2% in the 1st quarter. Citigroup Inc. now owns 2,376,209 shares of the company’s stock worth $72,047,000 after acquiring an additional 2,330,898 shares during the last quarter. Hawk Ridge Capital Management LP lifted its holdings in shares of Acadia Healthcare by 437.5% in the 1st quarter. Hawk Ridge Capital Management LP now owns 2,473,226 shares of the company’s stock worth $74,988,000 after acquiring an additional 2,013,126 shares during the last quarter. Madison Avenue Partners LP acquired a new position in shares of Acadia Healthcare in the 4th quarter worth approximately $76,339,000. Abrams Bison Investments LLC acquired a new position in shares of Acadia Healthcare in the 1st quarter worth approximately $55,182,000. Finally, Sachem Head Capital Management LP acquired a new position in shares of Acadia Healthcare in the 4th quarter worth approximately $52,734,000.

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.