Acadia Healthcare (ACHC) Rating Reiterated by Robert W. Baird

Acadia Healthcare (NASDAQ:ACHC)‘s stock had its “hold” rating reaffirmed by equities research analysts at Robert W. Baird in a report released on Friday. They currently have a $37.00 price target on the stock. Robert W. Baird’s price target suggests a potential upside of 16.57% from the company’s previous close.

ACHC has been the topic of a number of other research reports. Jefferies Group set a $60.00 price objective on shares of Acadia Healthcare and gave the stock a “buy” rating in a research report on Wednesday, October 11th. BidaskClub cut shares of Acadia Healthcare from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Citigroup cut their price objective on shares of Acadia Healthcare from $61.00 to $44.00 and set a “buy” rating on the stock in a research report on Wednesday, October 25th. Cantor Fitzgerald cut their price objective on shares of Acadia Healthcare from $48.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 24th. Finally, Deutsche Bank cut shares of Acadia Healthcare from a “buy” rating to a “hold” rating and cut their price objective for the stock from $60.00 to $37.00 in a research report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. Acadia Healthcare currently has a consensus rating of “Hold” and an average target price of $45.08.

Shares of Acadia Healthcare (NASDAQ:ACHC) traded up $0.33 during trading on Friday, reaching $31.74. The company’s stock had a trading volume of 2,073,223 shares, compared to its average volume of 1,185,536. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.36 and a current ratio of 1.36. Acadia Healthcare has a 52-week low of $26.92 and a 52-week high of $54.34. The firm has a market cap of $2,788.49, a P/E ratio of 13.86, a P/E/G ratio of 1.18 and a beta of 0.90.

Acadia Healthcare (NASDAQ:ACHC) last issued its quarterly earnings results on Tuesday, October 24th. The company reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.07). Acadia Healthcare had a return on equity of 8.57% and a net margin of 6.07%. The business had revenue of $716.70 million for the quarter, compared to analyst estimates of $728.86 million. During the same quarter in the previous year, the business posted $0.58 earnings per share. The business’s revenue was down 2.4% on a year-over-year basis. analysts forecast that Acadia Healthcare will post 2.23 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the business. Teacher Retirement System of Texas lifted its position in shares of Acadia Healthcare by 0.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 5,949 shares of the company’s stock worth $294,000 after buying an additional 26 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Acadia Healthcare by 2.2% during the 2nd quarter. Pacer Advisors Inc. now owns 10,365 shares of the company’s stock worth $512,000 after purchasing an additional 226 shares during the last quarter. People s United Financial Inc. increased its stake in shares of Acadia Healthcare by 3.4% during the 2nd quarter. People s United Financial Inc. now owns 7,459 shares of the company’s stock worth $368,000 after purchasing an additional 242 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Acadia Healthcare by 11.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,704 shares of the company’s stock worth $134,000 after purchasing an additional 270 shares during the last quarter. Finally, M&T Bank Corp increased its stake in shares of Acadia Healthcare by 12.6% during the 2nd quarter. M&T Bank Corp now owns 5,934 shares of the company’s stock worth $293,000 after purchasing an additional 664 shares during the last quarter.

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Acadia Healthcare Company Profile

Acadia Healthcare Company, Inc is a provider of behavioral healthcare services, with operations in the United States and the United Kingdom. The Company focuses on acquiring and developing behavioral healthcare facilities. The Company operates through two segments: U.S. Facilities and U.K. Facilities.

Analyst Recommendations for Acadia Healthcare (NASDAQ:ACHC)

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