Healthcare Highlights; Acadia Healthcare (NASDAQ:ACHC) Buying Further Facilities. Boston Scientific (BSX) Downgraded at Bernstein

  on Nov 28,2012 Posted in Business News ,Featured
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Acadia Healthcare (NASDAQ:ACHC) declared two deals to buy a total of eight inpatient psychiatric facilities with almost 600 beds.

The firm has decided to buy Behavioral Centers of America, which is located in Nashville, TN, for total consideration of $145M in cash. BCA manages three inpatient psychiatric plants and one psychiatric hospital inside a hospital.

In last trading session, Acadia Healthcare Company Inc (NASDAQ:ACHC) fell -1.50% and closed at $22.31 with the total traded volume of 239,203.00 shares. It has outstanding shares of 41.82million with the total market capitalization of $932.92million. ACHC has current ratio of 1.51.

On Tuesday, Experts at Bernstein Research declined their rating on Boston Scientific Corp. (BSX) to market-perform from their previous rating of outperform, and maintained their price target on the company at $6 per share.

They thought that downside is controlled at current valuation, but they were walking to the sidelines as they do not see further reagents to the positive aspect as they moved towards to 2013, analysts stated.

Shares of Boston Scientific Corporation (NYSE:BSX) moved down -0.53 and closed at $5.63 with the total traded volume of 22.24 million shares. Stock opened at $5.61 and its shares were trading within the range of $5.50-$5.74. BSX has earnings per share of -$2.84 and its price to sales ratio ended at 1.06.

Abbott Laboratories (NYSE:ABT) lost -0.47% with the closing price of $64.06. The overall volume in the last trading session was 5.13 million shares. Its fifty two week range was $52.65-$72.47. The total market capitalization remained $101.26 billion.

ABT is ahead of its 52 week low with 25.64% and its last month’s price volatility remained 1.44%. Its beta coefficient was 0.33 with a target price of $71.36. Company’s current year earnings per share grew with 1.47% while the five years EPS growth rate was +21.98%.

Shares of ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) traded in a range of $5.06 to $6.53, completing the day up $3.13, or 136.09% to $5.43. The total volume of shares exchanged was 60.11 million. The stock was at 402.78% as on Nov 27, 2012 for this year as compared to 443.00% in the last 12 months. The company established a 52-week high of $6.53 on Nov 27, 2012.

MKM Partners lowered ranking on Pfizer (PFE) to Neutral from Buy and lowered its price target from $29 to $25.

Pfizer Inc. (NYSE:PFE)has now dropped about -6.22% from its record high price level, and has advanced by 16.42% for this year. It closed at $24.25, trading 6.44% above its 200 day moving average and -0.31% below its 20 day moving average. Latest close brings its distance from its 52-week low at +34.26%. The stock has a PE ratio of 19.40 and their market value is $178.54B.




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