Acadia Healthcare (NASDAQ:ACHC) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Acadia Healthcare (NASDAQ:ACHC) from a sell rating to a hold rating in a research note released on Thursday morning.

A number of other equities research analysts have also recently commented on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $94.00 target price on shares of Acadia Healthcare in a report on Friday, September 20th. KeyCorp initiated coverage on shares of Acadia Healthcare in a research note on Friday, October 11th. They issued a “sector weight” rating for the company. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Acadia Healthcare from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Barclays decreased their price objective on Acadia Healthcare from $83.00 to $76.00 and set an “overweight” rating on the stock in a report on Monday, September 30th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $90.00 target price on shares of Acadia Healthcare in a research note on Tuesday, October 1st. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Acadia Healthcare has a consensus rating of “Moderate Buy” and a consensus target price of $86.67.

Acadia Healthcare Price Performance

NASDAQ ACHC traded down $0.66 during mid-day trading on Thursday, hitting $38.70. The stock had a trading volume of 564,885 shares, compared to its average volume of 997,254. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.60. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 12.90, a P/E/G ratio of 1.76 and a beta of 1.33. Acadia Healthcare has a 52-week low of $38.39 and a 52-week high of $87.77. The company has a 50 day simple moving average of $58.83 and a 200 day simple moving average of $65.92.

Acadia Healthcare (NASDAQ:ACHC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.90 by $0.01. The business had revenue of $815.60 million for the quarter, compared to analyst estimates of $819.42 million. Acadia Healthcare had a net margin of 8.99% and a return on equity of 11.12%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.91 EPS. Equities analysts forecast that Acadia Healthcare will post 3.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Acadia Healthcare

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in Acadia Healthcare by 86.1% in the second quarter. Blue Trust Inc. now owns 536 shares of the company’s stock valued at $36,000 after buying an additional 248 shares during the period. GAMMA Investing LLC raised its stake in shares of Acadia Healthcare by 57.1% in the 3rd quarter. GAMMA Investing LLC now owns 663 shares of the company’s stock valued at $42,000 after acquiring an additional 241 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Acadia Healthcare during the 2nd quarter valued at $59,000. Covestor Ltd boosted its position in Acadia Healthcare by 834.4% during the 3rd quarter. Covestor Ltd now owns 1,140 shares of the company’s stock worth $72,000 after purchasing an additional 1,018 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new position in Acadia Healthcare in the third quarter valued at about $86,000.

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.