Acadia Healthcare (NASDAQ:ACHC) Rating Reiterated by Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their neutral rating on shares of Acadia Healthcare (NASDAQ:ACHC) in a research report report published on Thursday morning, Benzinga reports. Cantor Fitzgerald currently has a $90.00 price target on the stock.

Several other analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Acadia Healthcare from a sell rating to a hold rating and set a $70.00 price target for the company in a report on Thursday, April 25th. TD Cowen decreased their price target on shares of Acadia Healthcare from $101.00 to $91.00 and set a buy rating for the company in a report on Friday, May 17th. StockNews.com cut shares of Acadia Healthcare from a hold rating to a sell rating in a research note on Tuesday, May 21st. Bank of America reduced 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. Finally, Royal Bank of Canada reiterated an outperform rating and issued a $94.00 target price on shares of Acadia Healthcare in a research note on Wednesday, May 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $87.44.

Acadia Healthcare Stock Performance

Shares of ACHC opened at $72.37 on Thursday. Acadia Healthcare has a one year low of $62.04 and a one year high of $87.77. The company has a 50-day moving average of $67.23 and a two-hundred day moving average of $73.62. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of -516.89, a PEG ratio of 2.21 and a beta of 1.32. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.18 and a quick ratio of 1.27.

Acadia Healthcare (NASDAQ:ACHC) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. The business had revenue of $796.00 million during the quarter, compared to analysts’ expectations of $784.38 million. Acadia Healthcare had a negative net margin of 0.17% and a positive return on equity of 11.42%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the company posted $0.92 earnings per share. On average, equities research analysts expect that Acadia Healthcare will post 3.51 earnings per share for the current year.

Hedge Funds Weigh In On Acadia Healthcare

Institutional investors have recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. bought a new position in shares of Acadia Healthcare in the fourth quarter valued at approximately $24,157,000. Louisiana State Employees Retirement System bought a new position in Acadia Healthcare during the fourth quarter worth $2,014,000. Rhenman & Partners Asset Management AB bought a new position in Acadia Healthcare during the fourth quarter worth $1,448,000. Phocas Financial Corp. bought a new position in Acadia Healthcare during the fourth quarter worth $6,887,000. Finally, Sivik Global Healthcare LLC increased its position in Acadia Healthcare by 20.0% during the fourth quarter. Sivik Global Healthcare LLC now owns 90,000 shares of the company’s stock worth $6,998,000 after acquiring an additional 15,000 shares during the period.

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.