Cantor Fitzgerald Reaffirms Neutral Rating for Acadia Healthcare (NASDAQ:ACHC)

Acadia Healthcare (NASDAQ:ACHC)‘s stock had its “neutral” rating restated by Cantor Fitzgerald in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $90.00 price objective on the stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 53.06% from the stock’s previous close.

ACHC has been the topic of several other reports. Royal Bank of Canada restated an “outperform” rating and set a $94.00 price target on shares of Acadia Healthcare in a research report on Friday, September 20th. Barclays reduced their target price on shares of Acadia Healthcare from $83.00 to $76.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Acadia Healthcare from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.67.

Acadia Healthcare Price Performance

Shares of Acadia Healthcare stock opened at $58.80 on Tuesday. The company has a market cap of $5.46 billion, a PE ratio of -420.00, a P/E/G ratio of 2.19 and a beta of 1.30. The business has a 50 day moving average of $73.97 and a 200 day moving average of $71.31. Acadia Healthcare has a 52 week low of $53.22 and a 52 week high of $87.77. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.60.

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

Hedge Funds Weigh In On Acadia Healthcare

A number of hedge funds have recently added to or reduced their stakes in ACHC. Franklin Resources Inc. increased its holdings in shares of Acadia Healthcare by 30.2% in the 4th quarter. Franklin Resources Inc. now owns 16,632 shares of the company’s stock worth $1,293,000 after purchasing an additional 3,856 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Acadia Healthcare by 463.3% in the 4th quarter. Hsbc Holdings PLC now owns 53,797 shares of the company’s stock worth $4,188,000 after buying an additional 44,247 shares in the last quarter. Treasurer of the State of North Carolina raised its position in Acadia Healthcare by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 39,776 shares of the company’s stock worth $3,093,000 after buying an additional 390 shares during the last quarter. Capstone Investment Advisors LLC bought a new position in Acadia Healthcare during the 4th quarter valued at about $204,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Acadia Healthcare by 10.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 382,946 shares of the company’s stock valued at $29,778,000 after acquiring an additional 35,777 shares during the last quarter.

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.