Cantor Fitzgerald Believes AAC Holdings (NYSE: AAC) Still Has Room to Grow

In a report released yesterday, Joseph France from Cantor Fitzgerald maintained a Buy rating on AAC Holdings (NYSE: AAC), with a price target of $14. The company’s shares closed yesterday at $12.15, close to its 52-week high of $13.06.

France observed:

“1Q18 results were ahead of consensus on both the top and bottom lines, although consensus is comprised of only three estimates. Results were boosted by the AdCare acquisition (closed March 1), but we expect more earnings impact from AdCare in 2Q18 and beyond.”

According to TipRanks.com, France is a 4-star analyst with an average return of 9.4% and a 54.0% success rate. France covers the Services sector, focusing on stocks such as Cross Country Healthcare, Five Star Quality Care, and Envision Healthcare.

AAC Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $14.

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Based on AAC Holdings’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $86.14 million and GAAP net loss of $18.82 million. In comparison, last year the company earned revenue of $73.04 million and had a GAAP net loss of $603K.

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is neutral on the stock.

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AAC Holdings, Inc. engages in the provision of rehabilitation operation. It operates through Substance Abuse and Behavioral Healthcare Treatment Services segment that consists of various treatment facilities in the United States. It offers inpatient and outpatient substance abuse treatment services to individual with drugs and alcohol addiction.