KeyCorp Issues Pessimistic Forecast for Acadia Healthcare (NASDAQ:ACHC) Stock Price

Acadia Healthcare (NASDAQ:ACHC) had its price target dropped by investment analysts at KeyCorp from $65.00 to $55.00 in a report issued on Wednesday, Marketbeat.com reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price target suggests a potential upside of 114.51% from the stock’s previous close.

ACHC has been the topic of a number of other research reports. Bank of America cut their price objective on shares of Acadia Healthcare from $50.00 to $44.50 and set a “buy” rating on the stock in a research report on Friday, February 28th. Mizuho cut their price objective on shares of Acadia Healthcare from $48.00 to $37.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 25th. Royal Bank of Canada cut their price target on shares of Acadia Healthcare from $64.00 to $43.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. Guggenheim initiated coverage on shares of Acadia Healthcare in a report on Wednesday, April 9th. They issued a “buy” rating and a $36.00 price target on the stock. Finally, Barclays cut shares of Acadia Healthcare from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $43.00 to $35.00 in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.94.

Acadia Healthcare Price Performance

Acadia Healthcare stock opened at $25.64 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.60. Acadia Healthcare has a 52-week low of $20.36 and a 52-week high of $82.41. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 1.46 and a beta of 1.01. The firm’s fifty day moving average is $26.25 and its 200 day moving average is $35.83.

Acadia Healthcare (NASDAQ:ACHC) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Acadia Healthcare had a net margin of 8.99% and a return on equity of 11.12%. The business had revenue of $770.51 million for the quarter, compared to analysts’ expectations of $769.90 million. During the same quarter in the previous year, the business posted $0.84 earnings per share. The business’s revenue was up .3% compared to the same quarter last year. Sell-side analysts forecast that Acadia Healthcare will post 3.38 EPS for the current fiscal year.

Institutional Trading of Acadia Healthcare

Hedge funds have recently added to or reduced their stakes in the business. Lindbrook Capital LLC lifted its stake in Acadia Healthcare by 1,342.0% in the fourth quarter. Lindbrook Capital LLC now owns 721 shares of the company’s stock worth $29,000 after acquiring an additional 671 shares during the period. Blue Trust Inc. lifted its stake in Acadia Healthcare by 69.4% in the fourth quarter. Blue Trust Inc. now owns 842 shares of the company’s stock worth $33,000 after acquiring an additional 345 shares during the period. Nisa Investment Advisors LLC lifted its stake in Acadia Healthcare by 40.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,040 shares of the company’s stock worth $41,000 after acquiring an additional 301 shares during the period. Signaturefd LLC lifted its stake in Acadia Healthcare by 460.6% in the fourth quarter. Signaturefd LLC now owns 1,222 shares of the company’s stock worth $48,000 after acquiring an additional 1,004 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its stake in Acadia Healthcare by 11,218.2% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,245 shares of the company’s stock worth $38,000 after acquiring an additional 1,234 shares during the period.

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.