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Is Acadia Healthcare Company (ACHC) Stock Outpacing Its Medical Peers This Year?
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The Medical group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Acadia Healthcare Company (ACHC - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Acadia Healthcare Company is a member of the Medical sector. This group includes 761 individual stocks and currently holds a Zacks Sector Rank of #7. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. ACHC is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ACHC's full-year earnings has moved 5.50% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, ACHC has returned 32.70% so far this year. In comparison, Medical companies have returned an average of 2.72%. As we can see, Acadia Healthcare Company is performing better than its sector in the calendar year.
Looking more specifically, ACHC belongs to the Medical - Hospital industry, which includes 8 individual stocks and currently sits at #204 in the Zacks Industry Rank. On average, stocks in this group have gained 18.89% this year, meaning that ACHC is performing better in terms of year-to-date returns.
Going forward, investors interested in Medical stocks should continue to pay close attention to ACHC as it looks to continue its solid performance.
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Is Acadia Healthcare Company (ACHC) Stock Outpacing Its Medical Peers This Year?
The Medical group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Acadia Healthcare Company (ACHC - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Acadia Healthcare Company is a member of the Medical sector. This group includes 761 individual stocks and currently holds a Zacks Sector Rank of #7. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. ACHC is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ACHC's full-year earnings has moved 5.50% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, ACHC has returned 32.70% so far this year. In comparison, Medical companies have returned an average of 2.72%. As we can see, Acadia Healthcare Company is performing better than its sector in the calendar year.
Looking more specifically, ACHC belongs to the Medical - Hospital industry, which includes 8 individual stocks and currently sits at #204 in the Zacks Industry Rank. On average, stocks in this group have gained 18.89% this year, meaning that ACHC is performing better in terms of year-to-date returns.
Going forward, investors interested in Medical stocks should continue to pay close attention to ACHC as it looks to continue its solid performance.