Acadia Healthcare (NASDAQ:ACHC – Get Free Report) had its price objective decreased by analysts at Royal Bank of Canada from $94.00 to $64.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 72.55% from the company’s current price.
ACHC has been the topic of several other reports. Barclays lowered their target price on shares of Acadia Healthcare from $83.00 to $76.00 and set an “overweight” rating on the stock in a research note on Monday, September 30th. KeyCorp started coverage on Acadia Healthcare in a report on Friday, October 11th. They issued a “sector weight” rating on the stock. StockNews.com raised Acadia Healthcare from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Acadia Healthcare from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $90.00 price objective on shares of Acadia Healthcare in a report on Tuesday, October 1st. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $83.33.
Get Our Latest Stock Report on Acadia Healthcare
Acadia Healthcare Stock Down 0.1 %
Acadia Healthcare (NASDAQ:ACHC – Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.90 by $0.01. Acadia Healthcare had a return on equity of 11.12% and a net margin of 8.99%. The business had revenue of $815.60 million for the quarter, compared to analyst estimates of $819.42 million. During the same quarter in the prior year, the firm posted $0.91 EPS. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, sell-side analysts predict that Acadia Healthcare will post 3.38 EPS for the current year.
Institutional Investors Weigh In On Acadia Healthcare
Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in Acadia Healthcare by 57.1% during the third quarter. GAMMA Investing LLC now owns 663 shares of the company’s stock worth $42,000 after buying an additional 241 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Acadia Healthcare by 86.1% in the second quarter. Blue Trust Inc. now owns 536 shares of the company’s stock valued at $36,000 after purchasing an additional 248 shares during the period. Commonwealth Equity Services LLC increased its position in Acadia Healthcare by 3.5% during the second quarter. Commonwealth Equity Services LLC now owns 7,595 shares of the company’s stock worth $513,000 after purchasing an additional 257 shares during the last quarter. Atria Investments Inc increased its position in Acadia Healthcare by 4.7% during the third quarter. Atria Investments Inc now owns 6,844 shares of the company’s stock worth $434,000 after purchasing an additional 308 shares during the last quarter. Finally, KBC Group NV raised its stake in Acadia Healthcare by 14.4% during the third quarter. KBC Group NV now owns 2,688 shares of the company’s stock worth $170,000 after purchasing an additional 338 shares during the period.
About Acadia Healthcare
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.
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