Acadia Healthcare (NASDAQ:ACHC) Receives New Coverage from Analysts at KeyCorp

KeyCorp started coverage on shares of Acadia Healthcare (NASDAQ:ACHC) in a research report released on Friday, MarketBeat Ratings reports. The brokerage issued a sector weight rating on the stock. KeyCorp also issued estimates for Acadia Healthcare’s FY2024 earnings at $3.51 EPS, FY2025 earnings at $3.86 EPS and FY2026 earnings at $4.47 EPS.

Several other research analysts also recently commented on the stock. Cantor Fitzgerald reissued a neutral rating and issued a $90.00 price target on shares of Acadia Healthcare in a report on Tuesday, October 1st. Barclays lowered their price objective 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, September 30th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Acadia Healthcare from $70.00 to $75.00 and gave the company a hold rating in a research report on Friday, August 2nd. Finally, Royal Bank of Canada restated an outperform rating and set a $94.00 price objective on shares of Acadia Healthcare in a research report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $86.67.

Acadia Healthcare Trading Up 3.8 %

Shares of ACHC stock opened at $56.93 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $5.28 billion, a price-to-earnings ratio of -406.64, a PEG ratio of 1.57 and a beta of 1.29. Acadia Healthcare has a 52-week low of $53.22 and a 52-week high of $87.77. The company has a 50-day simple moving average of $71.92 and a two-hundred day simple moving average of $70.04.

Acadia Healthcare (NASDAQ:ACHC) last released 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. The firm had revenue of $796.00 million for the quarter, compared to analysts’ expectations of $784.38 million. Acadia Healthcare had a negative net margin of 0.17% and a positive return on equity of 11.42%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.92 earnings per share. Research analysts anticipate that Acadia Healthcare will post 3.51 EPS for the current fiscal year.

Hedge Funds Weigh In On Acadia Healthcare

Hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its stake in shares of Acadia Healthcare by 5.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 454,793 shares of the company’s stock valued at $35,365,000 after purchasing an additional 22,290 shares in the last quarter. Vanguard Group Inc. raised its holdings in Acadia Healthcare by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 8,861,427 shares of the company’s stock worth $689,065,000 after buying an additional 30,296 shares during the last quarter. Mather Group LLC. purchased a new position in Acadia Healthcare in the first quarter worth about $48,000. Vaughan Nelson Investment Management L.P. raised its holdings in Acadia Healthcare by 40.6% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 436,880 shares of the company’s stock worth $34,610,000 after buying an additional 126,220 shares during the last quarter. Finally, State of Michigan Retirement System raised its holdings in Acadia Healthcare by 2.3% in the first quarter. State of Michigan Retirement System now owns 22,630 shares of the company’s stock worth $1,793,000 after buying an additional 500 shares during the last quarter.

About Acadia Healthcare

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.