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Acadia Healthcare (NASDAQ:ACHC) Earns "Outperform" Rating from Raymond James Financial

Acadia Healthcare logo with Medical background

Key Points

  • Raymond James Financial has reaffirmed an outperform rating on Acadia Healthcare (NASDAQ:ACHC) with a new price target of $26.00, a decrease from the previous target of $40.00, suggesting a potential 25.18% upside.
  • Acadia Healthcare's quarterly earnings report showed a rise in revenue by 9.2% compared to the previous year, with earnings per share beating expectations at $0.83.
  • Despite recent price target cuts from various analysts, Acadia Healthcare maintains a general consensus of a moderate buy rating among investment analysts.
  • Need better tools to track Acadia Healthcare? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Raymond James Financial restated their outperform rating on shares of Acadia Healthcare (NASDAQ:ACHC - Free Report) in a research note published on Thursday, Marketbeat.com reports. Raymond James Financial currently has a $26.00 price target on the stock, down from their previous price target of $40.00.

A number of other research analysts have also weighed in on ACHC. Wall Street Zen raised Acadia Healthcare from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. UBS Group reduced their target price on Acadia Healthcare from $45.00 to $31.00 and set a "buy" rating for the company in a report on Thursday, August 7th. Guggenheim reduced their target price on Acadia Healthcare from $36.00 to $29.00 and set a "buy" rating for the company in a report on Thursday, August 7th. KeyCorp reduced their target price on Acadia Healthcare from $65.00 to $55.00 and set an "overweight" rating for the company in a report on Wednesday, May 14th. Finally, Stephens raised Acadia Healthcare to a "hold" rating in a report on Monday, June 2nd. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.77.

Read Our Latest Analysis on ACHC

Acadia Healthcare Stock Performance

ACHC traded up $0.32 during trading hours on Thursday, hitting $20.98. The stock had a trading volume of 2,135,757 shares, compared to its average volume of 2,429,440. The company's fifty day simple moving average is $21.97 and its 200 day simple moving average is $26.94. Acadia Healthcare has a 1 year low of $17.13 and a 1 year high of $82.40. The stock has a market cap of $1.94 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 4.08 and a beta of 0.88. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.73.

Acadia Healthcare (NASDAQ:ACHC - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.12. Acadia Healthcare had a return on equity of 8.34% and a net margin of 4.31%. The company had revenue of $869.23 million during the quarter, compared to analyst estimates of $839.59 million. During the same quarter last year, the firm posted $0.91 EPS. The firm's revenue for the quarter was up 9.2% on a year-over-year basis. Equities analysts anticipate that Acadia Healthcare will post 3.38 earnings per share for the current year.

Institutional Trading of Acadia Healthcare

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in Acadia Healthcare by 143.8% in the 1st quarter. GAMMA Investing LLC now owns 5,812 shares of the company's stock worth $176,000 after buying an additional 3,428 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in Acadia Healthcare in the 1st quarter worth approximately $222,000. Sterling Capital Management LLC lifted its position in Acadia Healthcare by 59.1% in the 4th quarter. Sterling Capital Management LLC now owns 5,456 shares of the company's stock worth $216,000 after buying an additional 2,026 shares during the last quarter. Raiffeisen Bank International AG lifted its position in Acadia Healthcare by 33.3% in the 1st quarter. Raiffeisen Bank International AG now owns 160,000 shares of the company's stock worth $4,819,000 after buying an additional 40,000 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in Acadia Healthcare in the 1st quarter worth approximately $412,000.

Acadia Healthcare Company Profile

(Get Free Report)

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.

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