Brokerages Set Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Target Price at $79.67

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) has received an average rating of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $79.67.

Several equities research analysts have recently issued reports on the company. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $90.00 target price on shares of Acadia Healthcare in a report on Tuesday, October 1st. Royal Bank of Canada decreased their price objective on Acadia Healthcare from $94.00 to $64.00 and set an “outperform” rating on the stock in a report on Monday, November 18th. StockNews.com lowered shares of Acadia Healthcare from a “hold” rating to a “sell” rating in a report on Friday, November 22nd. Barclays decreased their price target on shares of Acadia Healthcare from $76.00 to $43.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Finally, KeyCorp began coverage on shares of Acadia Healthcare in a research note on Friday, October 11th. They issued a “sector weight” rating for the company.

Acadia Healthcare Stock Performance

ACHC opened at $41.12 on Monday. The firm has a market cap of $3.82 billion, a P/E ratio of 13.48, a PEG ratio of 1.87 and a beta of 1.29. Acadia Healthcare has a 1-year low of $36.50 and a 1-year high of $87.77. The company has a 50 day simple moving average of $47.30 and a two-hundred day simple moving average of $62.62. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.07 and a quick ratio of 1.07.

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

Institutional Investors Weigh In On Acadia Healthcare

Several hedge funds and other institutional investors have recently modified their holdings of ACHC. Oddo BHF Asset Management Sas purchased a new stake in Acadia Healthcare in the third quarter worth $1,613,000. Franklin Resources Inc. grew its holdings in shares of Acadia Healthcare by 273.1% in the third quarter. Franklin Resources Inc. now owns 105,228 shares of the company’s stock worth $6,673,000 after purchasing an additional 77,027 shares during the last quarter. Tidal Investments LLC increased its stake in Acadia Healthcare by 7.9% in the 3rd quarter. Tidal Investments LLC now owns 4,664 shares of the company’s stock worth $296,000 after buying an additional 340 shares during the period. Teachers Retirement System of The State of Kentucky boosted its position in Acadia Healthcare by 8.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 56,594 shares of the company’s stock valued at $3,589,000 after buying an additional 4,426 shares during the period. Finally, Neo Ivy Capital Management bought a new position in Acadia Healthcare in the 3rd quarter worth about $758,000.

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.