Somewhat Favorable Media Coverage Somewhat Unlikely to Impact AAC Holdings (AAC) Stock Price
Press coverage about AAC Holdings (NYSE:AAC) has trended somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. AAC Holdings earned a news impact score of 0.20 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.726896051483 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of AAC Holdings (NYSE AAC) opened at 9.77 on Monday. The firm’s market cap is $235.07 million. The company has a 50-day moving average of $9.29 and a 200 day moving average of $7.81. AAC Holdings has a one year low of $5.99 and a one year high of $19.98.
AAC Holdings (NYSE:AAC) last issued its earnings results on Wednesday, August 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.12. The business had revenue of $78.04 million during the quarter, compared to analysts’ expectations of $73.40 million. AAC Holdings had a positive return on equity of 10.70% and a negative net margin of 1.55%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 EPS. On average, equities research analysts expect that AAC Holdings will post $0.51 EPS for the current fiscal year.
Several research firms have recently commented on AAC. Mizuho reduced their target price on shares of AAC Holdings from $9.00 to $6.00 and set a “neutral” rating on the stock in a report on Tuesday, May 30th. Zacks Investment Research cut shares of AAC Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 10th. Finally, Cantor Fitzgerald began coverage on shares of AAC Holdings in a report on Wednesday, August 9th. They issued an “overweight” rating and a $11.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.00.
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About AAC Holdings
AAC Holdings, Inc is a provider of inpatient and outpatient substance abuse treatment services for individuals with drug and alcohol addiction. The Company performs drug testing and diagnostics laboratory services and provides physician services to its clients. As of June 30, 2016, the Company operated 12 residential substance abuse treatment facilities located throughout the United States, focused on delivering clinical care and treatment solutions across 1,139 beds, which includes 636 licensed detoxification beds, and 18 standalone outpatient centers.
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