Acadia Healthcare (NASDAQ:ACHC) Price Target Lowered to $66.00 at TD Cowen

Acadia Healthcare (NASDAQ:ACHC) had its target price trimmed by TD Cowen from $70.00 to $66.00 in a report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts also recently commented on the company. KeyCorp upgraded Acadia Healthcare from a “sector weight” rating to an “overweight” rating and set a $70.00 target price for the company in a research note on Tuesday. StockNews.com downgraded Acadia Healthcare from a “hold” rating to a “sell” rating in a report on Monday. Deutsche Bank Aktiengesellschaft upgraded Acadia Healthcare from a “hold” rating to a “buy” rating and increased their target price for the stock from $45.00 to $75.00 in a report on Thursday, December 12th. Cantor Fitzgerald restated a “neutral” rating and set a $52.00 price target on shares of Acadia Healthcare in a research note on Tuesday, December 10th. Finally, Barclays dropped their price objective on shares of Acadia Healthcare from $76.00 to $43.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $70.22.

Acadia Healthcare Stock Down 0.0 %

Shares of NASDAQ ACHC opened at $45.12 on Tuesday. The company’s 50 day moving average price is $40.48 and its 200-day moving average price is $58.19. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.07 and a current ratio of 1.07. Acadia Healthcare has a 52-week low of $36.50 and a 52-week high of $87.77. The company has a market capitalization of $4.19 billion, a P/E ratio of 14.79, a price-to-earnings-growth ratio of 1.77 and a beta of 1.29.

Acadia Healthcare (NASDAQ:ACHC) last issued its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates 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 revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 earnings per share. Equities analysts forecast that Acadia Healthcare will post 3.38 earnings per share for the current year.

Hedge Funds Weigh In On Acadia Healthcare

Several institutional investors have recently bought and sold shares of ACHC. GAMMA Investing LLC grew its stake in shares of Acadia Healthcare by 57.1% during the 3rd quarter. GAMMA Investing LLC now owns 663 shares of the company’s stock worth $42,000 after acquiring an additional 241 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Acadia Healthcare during the second quarter worth about $59,000. Covestor Ltd increased its stake in shares of Acadia Healthcare by 834.4% in the third 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. DekaBank Deutsche Girozentrale bought a new stake in shares of Acadia Healthcare in the third quarter valued at approximately $86,000. Finally, Assetmark Inc. lifted its stake in shares of Acadia Healthcare by 66.1% during the 3rd quarter. Assetmark Inc. now owns 1,485 shares of the company’s stock valued at $94,000 after buying an additional 591 shares in the last quarter.

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.