Acadia Healthcare (NASDAQ:ACHC) Price Target Cut to $64.00 by Analysts at Royal Bank of Canada

Acadia Healthcare (NASDAQ:ACHC) had its price objective cut by Royal Bank of Canada from $94.00 to $64.00 in a research report report published on Monday,Benzinga reports. They currently have an outperform rating on the stock.

Several other analysts also recently issued reports on ACHC. Deutsche Bank Aktiengesellschaft boosted their price target on Acadia Healthcare from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Cantor Fitzgerald reiterated a “neutral” rating and set a $90.00 target price on shares of Acadia Healthcare in a research report on Tuesday, October 1st. KeyCorp initiated coverage on Acadia Healthcare in a research report on Friday, October 11th. They set a “sector weight” rating for the company. Barclays cut their target price on Acadia Healthcare from $83.00 to $76.00 and set an “overweight” rating for the company in a research report on Monday, September 30th. Finally, StockNews.com upgraded Acadia Healthcare from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Acadia Healthcare presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.33.

Acadia Healthcare Stock Down 1.8 %

ACHC stock opened at $37.13 on Monday. The business’s 50 day simple moving average is $57.27 and its 200 day simple moving average is $65.34. The firm has a market capitalization of $3.45 billion, a PE ratio of 12.17, a PEG ratio of 1.68 and a beta of 1.33. Acadia Healthcare has a 1-year low of $36.50 and a 1-year high of $87.77. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.60.

Acadia Healthcare (NASDAQ:ACHC) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.01. The business had revenue of $815.60 million during the quarter, compared to the consensus estimate of $819.42 million. Acadia Healthcare had a return on equity of 11.12% and a net margin of 8.99%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 EPS. As a group, research analysts anticipate that Acadia Healthcare will post 3.38 EPS for the current year.

Institutional Trading of Acadia Healthcare

Several institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. increased its holdings in Acadia Healthcare by 86.1% in the 2nd quarter. Blue Trust Inc. now owns 536 shares of the company’s stock worth $36,000 after purchasing an additional 248 shares in the last quarter. GAMMA Investing LLC increased its holdings in Acadia Healthcare by 57.1% in the 3rd quarter. GAMMA Investing LLC now owns 663 shares of the company’s stock worth $42,000 after purchasing an additional 241 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Acadia Healthcare in the 2nd quarter worth about $59,000. Covestor Ltd increased its holdings in Acadia Healthcare by 834.4% in the 3rd quarter. Covestor Ltd now owns 1,140 shares of the company’s stock worth $72,000 after purchasing an additional 1,018 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in Acadia Healthcare in the 3rd quarter worth about $86,000.

Acadia Healthcare Company Profile

Acadia Healthcare Company, Inc provides behavioral healthcare services in the United States and Puerto Rico. The company develops and operates acute inpatient psychiatric facilities, specialty treatment facilities comprising residential recovery facilities and eating disorder facilities, comprehensive treatment centers, and residential treatment centers, as well as facilities offering outpatient behavioral healthcare services for the behavioral healthcare and recovery needs of communities.