Acadia Healthcare (NASDAQ:ACHC) Upgraded at StockNews.com

StockNews.com upgraded shares of Acadia Healthcare (NASDAQ:ACHC) from a sell rating to a hold rating in a research note published on Thursday.

ACHC has been the topic of a number of other research reports. Barclays decreased their target price on shares of Acadia Healthcare from $76.00 to $43.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Royal Bank of Canada decreased their target price on Acadia Healthcare from $94.00 to $64.00 and set an “outperform” rating on the stock in a research note on Monday, November 18th. Cantor Fitzgerald reiterated a “neutral” rating and set a $52.00 price target on shares of Acadia Healthcare in a research note on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft raised shares of Acadia Healthcare from a “hold” rating to a “buy” rating and raised their price objective for the company from $45.00 to $75.00 in a research note on Thursday, December 12th. Finally, KeyCorp started coverage on shares of Acadia Healthcare in a report on Friday, October 11th. They set a “sector weight” rating on the stock. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Acadia Healthcare currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.44.

Acadia Healthcare Stock Performance

NASDAQ:ACHC opened at $37.90 on Thursday. The company’s 50-day moving average is $43.80 and its two-hundred day moving average is $60.87. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 1.77 and a beta of 1.29. 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 has a 1-year low of $36.50 and a 1-year high of $87.77.

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

Hedge Funds Weigh In On Acadia Healthcare

Several hedge funds have recently added to or reduced their stakes in ACHC. Blue Trust Inc. boosted its holdings in shares of Acadia Healthcare by 86.1% in the 2nd quarter. Blue Trust Inc. now owns 536 shares of the company’s stock valued at $36,000 after buying an additional 248 shares in the last quarter. GAMMA Investing LLC boosted its stake in Acadia Healthcare by 57.1% in the third quarter. GAMMA Investing LLC now owns 663 shares of the company’s stock valued at $42,000 after acquiring an additional 241 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Acadia Healthcare during the second quarter worth about $59,000. Covestor Ltd increased its position in shares of Acadia Healthcare by 834.4% during the third quarter. Covestor Ltd now owns 1,140 shares of the company’s stock worth $72,000 after purchasing an additional 1,018 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Acadia Healthcare in the 3rd quarter valued at about $86,000.

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.