Somewhat Positive News Coverage Somewhat Unlikely to Impact AAC Holdings (AAC) Stock Price
News articles about AAC Holdings (NYSE:AAC) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. AAC Holdings earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 45.2335483757917 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have impacted Accern’s scoring:
- Credit Suisse Leads $65MM Acquisition Financing to AAC Holdings for Proposed AdCare Buyout (abladvisor.com)
- AAC Holdings secures committed $65 mln acquisition financing for AdCare transaction (timesofindia.indiatimes.com)
- BRIEF-AAC Holdings secures committed $65 mln acquisition financing for AdCare transaction (reuters.com)
- AAC Holdings, Inc. (AAC) Rating Lowered to Sell at Zacks Investment Research (americanbankingnews.com)
AAC has been the subject of several research analyst reports. Cantor Fitzgerald restated a “buy” rating and issued a $14.00 target price on shares of AAC Holdings in a report on Wednesday, September 27th. Zacks Investment Research upgraded shares of AAC Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $10.00.
Shares of AAC Holdings (NYSE:AAC) traded up 2.07% during mid-day trading on Friday, reaching $7.88. 16,389 shares of the company were exchanged. AAC Holdings has a 12 month low of $5.99 and a 12 month high of $19.98. The company’s 50-day moving average is $9.88 and its 200 day moving average is $7.94. The firm’s market capitalization is $189.59 million.
AAC Holdings (NYSE:AAC) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.12. AAC Holdings had a negative net margin of 1.55% and a positive return on equity of 10.70%. The company had revenue of $78.04 million during the quarter, compared to the consensus estimate of $73.40 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. Analysts predict that AAC Holdings will post $0.51 EPS for the current year.
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AAC Holdings Company Profile
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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