Zacks Research Upgrades Acadia Healthcare (NASDAQ:ACHC) to “Strong-Buy”

Acadia Healthcare (NASDAQ:ACHC – Get Free Report) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday, Zacks reports.

ACHC has been the subject of a number of other reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Acadia Healthcare in a report on Wednesday, September 9th. TD Cowen raised their price objective on Acadia Healthcare from $30.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. KeyCorp boosted their target price on Acadia Healthcare from $30.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Wall Street Zen upgraded Acadia Healthcare from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Cantor Fitzgerald upped their target price on Acadia Healthcare from $30.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Acadia Healthcare has an average rating of “Moderate Buy” and an average target price of $32.54.

Read Our Latest Stock Report on Acadia Healthcare

Acadia Healthcare Stock Performance

NASDAQ ACHC opened at $38.64 on Monday. Acadia Healthcare has a 52-week low of $11.43 and a 52-week high of $39.70. The company has a fifty day moving average of $29.83 and a 200-day moving average of $26.38. The company has a market capitalization of $3.59 billion, a P/E ratio of -3.10, a P/E/G ratio of 11.08 and a beta of 0.64. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.60 and a current ratio of 1.60.

Acadia Healthcare (NASDAQ:ACHC – Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.14. Acadia Healthcare had a positive return on equity of 6.53% and a negative net margin of 33.07%. The business had revenue of $895.31 million for the quarter, compared to analysts’ expectations of $877.76 million. During the same quarter in the prior year, the firm earned $0.72 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts predict that Acadia Healthcare will post 1.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Allworth Financial LP lifted its stake in shares of Acadia Healthcare by 30.8% in the 3rd quarter. Allworth Financial LP now owns 1,976 shares of the company’s stock valued at $58,000 after acquiring an additional 465 shares during the last quarter. Pinnacle Wealth Planning Services Inc. grew its position in Acadia Healthcare by 20.7% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 3,209 shares of the company’s stock worth $88,000 after acquiring an additional 550 shares during the last quarter. Hantz Financial Services Inc. grew its position in Acadia Healthcare by 34.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,006 shares of the company’s stock worth $83,000 after acquiring an additional 776 shares during the last quarter. Global Retirement Partners LLC purchased a new position in Acadia Healthcare in the 2nd quarter worth approximately $68,000. Finally, Integrated Wealth Concepts LLC purchased a new position in Acadia Healthcare in the 2nd quarter worth approximately $79,000.

About Acadia Healthcare

(Get Free Report)

Acadia Healthcare Company, Inc. is a U.S. provider of behavioral health services. The company operates facilities that treat mental health conditions and substance use disorders, serving patients through inpatient, residential and outpatient care. Its services include psychiatric hospitals, specialty treatment centers, residential programs and outpatient clinics. Care may include assessment, therapy, medication management and treatment for addiction, depending on the facility and program. Founded in 2005 and headquartered in Franklin, Tennessee, Acadia serves communities across the United States.

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Analyst Recommendations for Acadia Healthcare (NASDAQ:ACHC)

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