Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Receives $87.56 Average PT from Analysts

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) has been given a consensus rating of “Moderate Buy” by the nine brokerages that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $87.56.

ACHC has been the subject of a number of analyst reports. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $90.00 target price on shares of Acadia Healthcare in a research note on Tuesday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $94.00 target price on shares of Acadia Healthcare in a research note on Wednesday, May 22nd. Bank of America decreased their target price on shares of Acadia Healthcare from $105.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. TD Cowen cut their price target on shares of Acadia Healthcare from $101.00 to $91.00 and set a “buy” rating on the stock in a report on Friday, May 17th. Finally, Mizuho cut their price target on shares of Acadia Healthcare from $84.00 to $70.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd.

Acadia Healthcare Price Performance

ACHC stock opened at $65.43 on Friday. Acadia Healthcare has a 1 year low of $62.04 and a 1 year high of $87.77. The firm has a 50-day moving average of $67.56 and a 200 day moving average of $75.35. The company has a market cap of $6.07 billion, a P/E ratio of -467.32, a PEG ratio of 1.98 and a beta of 1.31. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.27 and a quick ratio of 1.27.

Acadia Healthcare (NASDAQ:ACHC) last announced its earnings results on Thursday, May 2nd. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. Acadia Healthcare had a negative net margin of 0.38% and a positive return on equity of 11.49%. The business had revenue of $768.10 million during the quarter, compared to the consensus estimate of $779.20 million. During the same quarter last year, the firm earned $0.75 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, sell-side analysts forecast that Acadia Healthcare will post 3.52 EPS for the current year.

Institutional Investors Weigh In On Acadia Healthcare

Several institutional investors and hedge funds have recently added to or reduced their stakes in ACHC. Avidity Partners Management LP boosted its holdings in Acadia Healthcare by 61.8% in the fourth quarter. Avidity Partners Management LP now owns 1,156,692 shares of the company’s stock worth $89,944,000 after purchasing an additional 441,692 shares during the last quarter. Sea Cliff Partners Management LP purchased a new stake in Acadia Healthcare in the fourth quarter worth approximately $26,338,000. Vaughan Nelson Investment Management L.P. purchased a new stake in Acadia Healthcare in the fourth quarter worth approximately $24,157,000. Jennison Associates LLC boosted its holdings in Acadia Healthcare by 26.1% in the fourth quarter. Jennison Associates LLC now owns 1,148,755 shares of the company’s stock worth $89,327,000 after purchasing an additional 238,114 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Acadia Healthcare by 59.3% in the first quarter. Principal Financial Group Inc. now owns 539,162 shares of the company’s stock worth $42,712,000 after purchasing an additional 200,765 shares during the last quarter.

About Acadia Healthcare

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.