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

Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHCGet Rating) have earned an average recommendation of “Hold” from the fourteen research firms that are currently covering the firm, reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $75.57.

A number of research firms recently issued reports on ACHC. UBS Group set a $82.00 price target on shares of Acadia Healthcare in a research note on Monday. BMO Capital Markets increased their price target on shares of Acadia Healthcare from $67.00 to $82.00 in a report on Friday, May 6th. SVB Leerink boosted their price objective on Acadia Healthcare from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, April 8th. started coverage on Acadia Healthcare in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Credit Suisse Group boosted their target price on Acadia Healthcare from $74.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday, March 2nd.

Several institutional investors and hedge funds have recently modified their holdings of ACHC. Allspring Global Investments Holdings LLC bought a new position in shares of Acadia Healthcare in the fourth quarter worth about $4,130,000. Invesco Ltd. grew its stake in Acadia Healthcare by 132.5% in the 4th quarter. Invesco Ltd. now owns 1,598,040 shares of the company’s stock worth $97,000,000 after acquiring an additional 910,813 shares in the last quarter. Stephens Inc. AR increased its position in shares of Acadia Healthcare by 5.4% during the fourth quarter. Stephens Inc. AR now owns 5,616 shares of the company’s stock worth $341,000 after acquiring an additional 289 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in shares of Acadia Healthcare by 10.0% in the fourth quarter. Crossmark Global Holdings Inc. now owns 8,250 shares of the company’s stock valued at $501,000 after purchasing an additional 750 shares during the period. Finally, TD Asset Management Inc. increased its holdings in Acadia Healthcare by 103.1% during the 4th quarter. TD Asset Management Inc. now owns 856,000 shares of the company’s stock worth $51,959,000 after purchasing an additional 434,500 shares during the period. 99.66% of the stock is owned by hedge funds and other institutional investors.

Shares of ACHC stock opened at $67.64 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $6.12 billion, a price-to-earnings ratio of 25.43, a price-to-earnings-growth ratio of 1.74 and a beta of 1.28. Acadia Healthcare has a 12-month low of $50.07 and a 12-month high of $76.69. The stock’s 50-day moving average price is $69.69 and its 200-day moving average price is $62.99.

Acadia Healthcare (NASDAQ:ACHCGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.04. The business had revenue of $616.65 million during the quarter, compared to analysts’ expectations of $606.49 million. Acadia Healthcare had a return on equity of 10.16% and a net margin of 10.16%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 EPS. As a group, research analysts predict that Acadia Healthcare will post 3.09 EPS for the current fiscal year.

About Acadia Healthcare (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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