Acadia Healthcare (ACHC) Hits New Lifetime High
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Acadia Healthcare as such a stock due to the following factors:
- ACHC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $27.5 million.
- ACHC has traded 23,647 shares today.
- ACHC is trading at a new lifetime high.
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More details on ACHC:
Acadia Healthcare Company, Inc. ACHC has a PE ratio of 44.9. Currently there are 8 analysts that rate Acadia Healthcare a buy, no analysts rate it a sell, and 1 rates it a hold.
The average volume for Acadia Healthcare has been 349,400 shares per day over the past 30 days. Acadia Healthcare has a market cap of $4.5 billion and is part of the health care sector and health services industry. The stock has a beta of 0.91 and a short float of 9.8% with 8.86 days to cover. Shares are up 10% year-to-date as of the close of trading on Tuesday.
Analysis:
rates Acadia Healthcare as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
Highlights from the ratings report include:
- ACHC's very impressive revenue growth greatly exceeded the industry average of 18.4%. Since the same quarter one year prior, revenues leaped by 55.2%. Growth in the company's revenue appears to have helped boost the earnings per share.
- Powered by its strong earnings growth of 48.00% and other important driving factors, this stock has surged by 37.10% over the past year, outperforming the rise in the S&P 500 Index during the same period. Turning to the future, naturally, any stock can fall in a major bear market. However, in almost any other environment, the stock should continue to move higher despite the fact that it has already enjoyed nice gains in the past year.
- ACADIA HEALTHCARE CO INC has improved earnings per share by 48.0% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, ACADIA HEALTHCARE CO INC increased its bottom line by earning $1.49 versus $0.86 in the prior year. This year, the market expects an improvement in earnings ($2.10 versus $1.49).
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Health Care Providers & Services industry. The net income increased by 80.2% when compared to the same quarter one year prior, rising from $12.28 million to $22.13 million.
- Net operating cash flow has significantly increased by 123.52% to $46.24 million when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 113.25%.
- You can view the full Acadia Healthcare Ratings Report.
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