Raymond James Lowers Acadia Healthcare (NASDAQ:ACHC) to Outperform

Raymond James lowered shares of Acadia Healthcare (NASDAQ:ACHC) from a strong-buy rating to an outperform rating in a research note released on Wednesday morning, BenzingaRatingsTable reports. Raymond James currently has $45.00 target price on the stock.

Several other equities analysts also recently issued reports on the stock. BMO Capital Markets raised their price target on shares of Acadia Healthcare from $33.00 to $36.00 and gave the company a market perform rating in a research note on Wednesday, May 1st. TheStreet raised shares of Acadia Healthcare from a d+ rating to a c rating in a research note on Monday, June 17th. ValuEngine raised shares of Acadia Healthcare from a strong sell rating to a sell rating in a research note on Wednesday, April 24th. Deutsche Bank set a $32.00 price target on shares of Acadia Healthcare and gave the company a hold rating in a research note on Thursday, May 2nd. Finally, Mizuho set a $30.00 price target on shares of Acadia Healthcare and gave the company a hold rating in a research note on Friday, May 31st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $36.90.

Shares of ACHC stock traded down $0.57 during trading hours on Wednesday, hitting $29.07. 511,004 shares of the company’s stock traded hands, compared to its average volume of 649,704. The firm has a 50 day moving average price of $33.36. The stock has a market cap of $2.82 billion, a PE ratio of 12.98, a PEG ratio of 1.37 and a beta of 0.68. Acadia Healthcare has a 12 month low of $24.27 and a 12 month high of $45.35. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 1.53.

Acadia Healthcare (NASDAQ:ACHC) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.02. The firm had revenue of $789.00 million during the quarter, compared to the consensus estimate of $795.31 million. Acadia Healthcare had a negative net margin of 6.80% and a positive return on equity of 7.20%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.70 earnings per share. Equities analysts forecast that Acadia Healthcare will post 2.18 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in ACHC. Private Capital Group LLC raised its stake in Acadia Healthcare by 67.3% during the first quarter. Private Capital Group LLC now owns 865 shares of the company’s stock worth $25,000 after buying an additional 348 shares during the last quarter. Advisor Group Inc. raised its stake in Acadia Healthcare by 23.9% during the fourth quarter. Advisor Group Inc. now owns 3,039 shares of the company’s stock worth $78,000 after buying an additional 587 shares during the last quarter. Twin Tree Management LP raised its stake in Acadia Healthcare by 3,472.3% during the first quarter. Twin Tree Management LP now owns 2,965 shares of the company’s stock worth $87,000 after buying an additional 2,882 shares during the last quarter. Quantamental Technologies LLC bought a new position in Acadia Healthcare during the first quarter worth $94,000. Finally, BNP Paribas Arbitrage SA raised its stake in Acadia Healthcare by 228.7% during the first quarter. BNP Paribas Arbitrage SA now owns 4,806 shares of the company’s stock worth $141,000 after buying an additional 3,344 shares during the last quarter.

About Acadia Healthcare

Acadia Healthcare Company, Inc develops and operates inpatient psychiatric facilities, residential treatment centers, group homes, substance abuse facilities, and outpatient behavioral healthcare facilities to serve the behavioral health and recovery needs of communities in the United States, the United Kingdom, and Puerto Rico.

Recommended Story: Bear Market

Analyst Recommendations for Acadia Healthcare (NASDAQ:ACHC)

Receive News & Ratings for Acadia Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acadia Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.