Royal Bank of Canada Issues Pessimistic Forecast for Acadia Healthcare (NASDAQ:ACHC) Stock Price

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

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

Acadia Healthcare Stock Performance

Shares of ACHC opened at $38.59 on Monday. Acadia Healthcare has a 1 year low of $36.50 and a 1 year high of $87.77. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 1.64 and a beta of 1.33. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a fifty day moving average of $54.95 and a 200-day moving average of $64.77.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ACHC. Teachers Retirement System of The State of Kentucky raised its stake in Acadia Healthcare by 8.5% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 56,594 shares of the company’s stock worth $3,589,000 after acquiring an additional 4,426 shares in the last quarter. Neo Ivy Capital Management acquired a new position in Acadia Healthcare during the third quarter worth $758,000. Coldstream Capital Management Inc. grew its holdings in shares of Acadia Healthcare by 7.5% during the third quarter. Coldstream Capital Management Inc. now owns 6,167 shares of the company’s stock worth $391,000 after purchasing an additional 430 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Acadia Healthcare by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,613,198 shares of the company’s stock worth $102,320,000 after purchasing an additional 14,197 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd grew its holdings in shares of Acadia Healthcare by 40.6% during the third quarter. Y Intercept Hong Kong Ltd now owns 36,605 shares of the company’s stock worth $2,321,000 after purchasing an additional 10,572 shares during the last quarter.

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.