Acadia Healthcare Co Inc Reaches New 12-Month High at $49.44 (ACHC)
Acadia Healthcare Co (NASDAQ:ACHC)’s share price reached a new 52-week high during mid-day trading on Tuesday, AmericanBankingNews.com reports. The stock traded as high as $49.44 and last traded at $48.54, with a volume of 504,413 shares traded. The stock had previously closed at $48.38.
ACHC has been the subject of a number of recent research reports. Analysts at Citigroup Inc. downgraded shares of Acadia Healthcare Co from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $49.00 price target on the stock, up previously from $43.00. Separately, analysts at Susquehanna initiated coverage on shares of Acadia Healthcare Co in a research note to investors on Tuesday, December 17th. They set a “positive” rating on the stock. Finally, analysts at Zacks upgraded shares of Acadia Healthcare Co from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, December 10th. They now have a $49.50 price target on the stock. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $43.35.
Acadia Healthcare Co has a 52-week low of $24.18 and a 52-week high of $49.14. The stock has a 50-day moving average of $46.48 and a 200-day moving average of $40.18. The company has a market cap of $2.449 billion and a price-to-earnings ratio of 68.05.
Acadia Healthcare Co (NASDAQ:ACHC) last announced its earnings results on Wednesday, October 30th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.02. The company had revenue of $184.70 million for the quarter, compared to the consensus estimate of $179.47 million. The company’s quarterly revenue was up 79.1% on a year-over-year basis. On average, analysts predict that Acadia Healthcare Co will post $1.07 earnings per share for the current fiscal year.
Acadia Healthcare Company, Inc is a provider of inpatient behavioral healthcare services in the United States.
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