Acadia Healthcare (NASDAQ:ACHC) Stock Rating Lowered by StockNews.com

Acadia Healthcare (NASDAQ:ACHC) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report issued on Monday.

A number of other research firms also recently commented on ACHC. Deutsche Bank Aktiengesellschaft raised Acadia Healthcare from a “hold” rating to a “buy” rating and lifted 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 objective on shares of Acadia Healthcare in a research note on Tuesday, December 10th. Royal Bank of Canada cut their price objective on shares of Acadia Healthcare from $94.00 to $64.00 and set an “outperform” rating on the stock in a research note on Monday, November 18th. KeyCorp started coverage on shares of Acadia Healthcare in a report on Friday, October 11th. They issued a “sector weight” rating on the stock. Finally, Barclays reduced their price objective on Acadia Healthcare from $76.00 to $43.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $70.22.

Acadia Healthcare Stock Up 0.6 %

ACHC stock opened at $45.13 on Monday. 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 $36.50 and a 52 week high of $87.77. The stock has a market capitalization of $4.19 billion, a PE ratio of 14.80, a price-to-earnings-growth ratio of 1.77 and a beta of 1.29. The firm has a 50 day moving average of $40.57 and a 200 day moving average of $58.37.

Acadia Healthcare (NASDAQ:ACHC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.01. The firm had revenue of $815.60 million for the quarter, compared to analyst estimates of $819.42 million. Acadia Healthcare had a net margin of 8.99% and a return on equity of 11.12%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.91 earnings per share. Sell-side analysts forecast that Acadia Healthcare will post 3.38 earnings per share for the current year.

Institutional Investors Weigh In On Acadia Healthcare

Several hedge funds have recently modified their holdings of ACHC. GAMMA Investing LLC raised 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 during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Acadia Healthcare in the second quarter valued at approximately $59,000. Covestor Ltd raised its stake in shares of Acadia Healthcare by 834.4% during the 3rd quarter. Covestor Ltd now owns 1,140 shares of the company’s stock worth $72,000 after buying an additional 1,018 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Acadia Healthcare during the 3rd quarter valued at approximately $86,000. Finally, Assetmark Inc. grew its stake in Acadia Healthcare by 66.1% in the 3rd quarter. Assetmark Inc. now owns 1,485 shares of the company’s stock valued at $94,000 after acquiring an additional 591 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.