Acadia Healthcare (NASDAQ:ACHC) Earns “Neutral” Rating from Cantor Fitzgerald

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

Several other brokerages have also weighed in on ACHC. Bank of America decreased their target price on shares of Acadia Healthcare from $105.00 to $90.00 and set a buy rating on the stock in a research report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft upgraded Acadia Healthcare from a sell rating to a hold rating and set a $70.00 price objective on the stock in a research note on Thursday, April 25th. StockNews.com downgraded Acadia Healthcare from a hold rating to a sell rating in a research report on Tuesday, May 21st. Mizuho lowered their price target on Acadia Healthcare from $84.00 to $70.00 and set a neutral rating on the stock in a research report on Friday, May 3rd. Finally, Royal Bank of Canada restated an outperform rating and issued a $94.00 target price on shares of Acadia Healthcare in a research note on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $87.56.

Acadia Healthcare Stock Up 0.9 %

ACHC stock opened at $66.74 on Tuesday. Acadia Healthcare has a twelve month low of $62.04 and a twelve month high of $87.77. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.63. The company has a market cap of $6.19 billion, a PE ratio of -476.71, a price-to-earnings-growth ratio of 1.98 and a beta of 1.31. The business’s 50-day simple moving average is $68.06 and its 200 day simple moving average is $75.60.

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

Institutional Investors Weigh In On Acadia Healthcare

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC acquired a new stake in shares of Acadia Healthcare in the fourth quarter valued at approximately $26,000. Mather Group LLC. acquired a new stake in shares of Acadia Healthcare in the 1st quarter valued at $48,000. Fifth Third Bancorp raised its position in shares of Acadia Healthcare by 25.5% during the fourth quarter. Fifth Third Bancorp now owns 670 shares of the company’s stock worth $52,000 after acquiring an additional 136 shares during the last quarter. Headlands Technologies LLC lifted its stake in shares of Acadia Healthcare by 422.3% during the fourth quarter. Headlands Technologies LLC now owns 1,828 shares of the company’s stock valued at $142,000 after acquiring an additional 1,478 shares during the period. Finally, Capstone Investment Advisors LLC bought a new position in Acadia Healthcare in the fourth quarter valued at about $204,000.

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.