Acadia Healthcare (NASDAQ:ACHC) Given New $95.00 Price Target at Jefferies Financial Group

Acadia Healthcare (NASDAQ:ACHCGet Rating) had its target price hoisted by Jefferies Financial Group from $85.00 to $95.00 in a research report sent to investors on Thursday morning, The Fly reports. Jefferies Financial Group also issued estimates for Acadia Healthcare’s Q4 2022 earnings at $0.82 EPS and FY2023 earnings at $3.41 EPS.

Several other analysts also recently weighed in on ACHC. Mizuho upped their price target on Acadia Healthcare from $64.00 to $69.00 in a research note on Wednesday, May 4th. StockNews.com started coverage on Acadia Healthcare in a research note on Thursday, March 31st. They issued a hold rating on the stock. SVB Leerink upped their price target on Acadia Healthcare from $80.00 to $90.00 and gave the stock an outperform rating in a research note on Friday, April 8th. BMO Capital Markets upped their price target on Acadia Healthcare from $67.00 to $82.00 in a research note on Friday, May 6th. Finally, Loop Capital started coverage on Acadia Healthcare in a research note on Thursday, June 16th. They issued a hold rating and a $72.00 price target on the stock. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $81.45.

Acadia Healthcare Stock Up 1.5 %

ACHC stock opened at $82.91 on Thursday. Acadia Healthcare has a fifty-two week low of $50.07 and a fifty-two week high of $83.63. The business’s 50 day moving average price is $71.77 and its two-hundred day moving average price is $66.01. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market capitalization of $7.51 billion, a price-to-earnings ratio of 31.17, a price-to-earnings-growth ratio of 2.05 and a beta of 1.25.

Acadia Healthcare (NASDAQ:ACHCGet Rating) last posted its earnings results on Wednesday, July 27th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. Acadia Healthcare had a return on equity of 10.16% and a net margin of 10.16%. The firm had revenue of $651.72 million for the quarter, compared to the consensus estimate of $650.80 million. During the same quarter in the prior year, the business earned $0.71 EPS. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, analysts forecast that Acadia Healthcare will post 3.09 earnings per share for the current fiscal year.

Institutional Trading of Acadia Healthcare

Several institutional investors have recently added to or reduced their stakes in the business. Bank of Montreal Can boosted its stake in Acadia Healthcare by 3.8% during the 1st quarter. Bank of Montreal Can now owns 7,263 shares of the company’s stock valued at $477,000 after purchasing an additional 266 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of Acadia Healthcare by 6.5% during the 2nd quarter. Wedge Capital Management L L P NC now owns 4,445 shares of the company’s stock valued at $301,000 after buying an additional 271 shares during the period. Stephens Inc. AR lifted its holdings in shares of Acadia Healthcare by 4.9% during the 1st quarter. Stephens Inc. AR now owns 5,889 shares of the company’s stock valued at $386,000 after buying an additional 273 shares during the period. State of Michigan Retirement System lifted its holdings in shares of Acadia Healthcare by 1.3% during the 4th quarter. State of Michigan Retirement System now owns 22,781 shares of the company’s stock valued at $1,383,000 after buying an additional 300 shares during the period. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Acadia Healthcare by 2.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 13,009 shares of the company’s stock valued at $879,000 after buying an additional 355 shares during the period. 99.66% of the stock is currently owned by hedge funds and other institutional investors.

About Acadia Healthcare

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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 and Puerto Rico.

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