Acadia Healthcare (NASDAQ:ACHC) Stock Rating Reaffirmed by Cantor Fitzgerald

Cantor Fitzgerald reiterated their neutral rating on shares of Acadia Healthcare (NASDAQ:ACHC) in a research note released on Tuesday morning, Benzinga reports. The brokerage currently has a $90.00 target price on the stock.

Other equities analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Acadia Healthcare from $70.00 to $75.00 and gave the company a hold rating in a report on Friday, August 2nd. Royal Bank of Canada reaffirmed an outperform rating and issued a $94.00 price target on shares of Acadia Healthcare in a research report on Friday, September 20th. Finally, Barclays lowered their price target on shares of Acadia Healthcare from $83.00 to $76.00 and set an overweight rating for the company in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $86.67.

Acadia Healthcare Stock Performance

NASDAQ:ACHC opened at $55.80 on Tuesday. The stock has a market capitalization of $5.18 billion, a P/E ratio of -398.57, a P/E/G ratio of 2.19 and a beta of 1.29. Acadia Healthcare has a 12-month low of $53.22 and a 12-month high of $87.77. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.60. The stock has a 50-day moving average price of $73.81 and a 200 day moving average price of $71.21.

Acadia Healthcare (NASDAQ:ACHC) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. The company had revenue of $796.00 million for the quarter, compared to analyst estimates of $784.38 million. Acadia Healthcare had a positive return on equity of 11.42% and a negative net margin of 0.17%. Acadia Healthcare’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 EPS. Equities research analysts forecast that Acadia Healthcare will post 3.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ACHC. New York State Teachers Retirement System increased its stake in shares of Acadia Healthcare by 0.3% in the first quarter. New York State Teachers Retirement System now owns 76,054 shares of the company’s stock worth $6,025,000 after acquiring an additional 200 shares during the period. Blue Trust Inc. increased its holdings in shares of Acadia Healthcare by 86.1% during the 2nd quarter. Blue Trust Inc. now owns 536 shares of the company’s stock valued at $36,000 after purchasing an additional 248 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Acadia Healthcare by 3.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 7,595 shares of the company’s stock valued at $513,000 after purchasing an additional 257 shares during the period. Quent Capital LLC boosted its holdings in Acadia Healthcare by 8.1% during the first quarter. Quent Capital LLC now owns 3,784 shares of the company’s stock worth $300,000 after buying an additional 284 shares in the last quarter. Finally, Retirement Systems of Alabama grew its position in Acadia Healthcare by 0.3% during the first quarter. Retirement Systems of Alabama now owns 115,799 shares of the company’s stock valued at $9,174,000 after buying an additional 303 shares during the period.

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.