Acadia Healthcare (NASDAQ:ACHC) Price Target Lowered to $22.00 at Royal Bank Of Canada

Acadia Healthcare (NASDAQ:ACHC) had its target price dropped by equities researchers at Royal Bank Of Canada from $28.00 to $22.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 22.31% from the stock’s current price.

ACHC has been the subject of several other research reports. KeyCorp reduced their target price on shares of Acadia Healthcare from $55.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, October 8th. Cowen reiterated a “buy” rating on shares of Acadia Healthcare in a research note on Thursday, August 7th. Barclays reduced their target price on shares of Acadia Healthcare from $20.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, November 6th. Cantor Fitzgerald lowered their price target on shares of Acadia Healthcare from $25.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Raymond James Financial set a $22.00 price objective on shares of Acadia Healthcare in a report on Friday. Eight research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Acadia Healthcare presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.82.

Acadia Healthcare Stock Performance

Shares of Acadia Healthcare stock traded down $0.25 during trading on Wednesday, hitting $17.99. 53,026 shares of the stock were exchanged, compared to its average volume of 2,360,292. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.73. The company has a fifty day moving average price of $23.14 and a 200-day moving average price of $22.75. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 4.56 and a beta of 0.97. Acadia Healthcare has a 1-year low of $17.13 and a 1-year high of $47.08.

Acadia Healthcare (NASDAQ:ACHC) last issued its earnings results on Wednesday, November 5th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.71 by $0.01. Acadia Healthcare had a return on equity of 8.34% and a net margin of 4.31%.The company had revenue of $851.57 million during the quarter, compared to the consensus estimate of $852.43 million. During the same period in the previous year, the company posted $0.91 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. Acadia Healthcare has set its FY 2025 guidance at 2.350-2.450 EPS. As a group, equities analysts predict that Acadia Healthcare will post 3.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Acadia Healthcare

Several hedge funds and other institutional investors have recently modified their holdings of ACHC. Verdence Capital Advisors LLC raised its holdings in shares of Acadia Healthcare by 3.3% during the 2nd quarter. Verdence Capital Advisors LLC now owns 14,656 shares of the company’s stock worth $333,000 after buying an additional 465 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Acadia Healthcare by 54.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,404 shares of the company’s stock worth $32,000 after acquiring an additional 497 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Acadia Healthcare by 10.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,672 shares of the company’s stock valued at $202,000 after purchasing an additional 622 shares during the last quarter. LPL Financial LLC lifted its stake in Acadia Healthcare by 1.2% in the 1st quarter. LPL Financial LLC now owns 56,527 shares of the company’s stock valued at $1,651,000 after purchasing an additional 697 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in Acadia Healthcare by 2.6% in the second quarter. Public Employees Retirement System of Ohio now owns 30,468 shares of the company’s stock valued at $691,000 after buying an additional 760 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.