Guggenheim Lowers Acadia Healthcare (NASDAQ:ACHC) Price Target to $29.00

Key Points

• Guggenheim has lowered its price target for Acadia Healthcare from $36.00 to $29.00, maintaining a "buy" rating, which suggests a potential upside of 60.11% from its current price.
• Multiple analysts have adjusted their price targets, with Barclays and KeyCorp making significant cuts, leading to an average target price of $46.28 and a consensus rating of "Moderate Buy".
• Acadia Healthcare's recent earnings report showed a quarterly revenue of $869.23 million, exceeding analyst expectations, and reported an earnings per share (EPS) of $0.83, surpassing the consensus estimate.

Acadia Healthcare (NASDAQ:ACHC - Free Report) had its target price cut by Guggenheim from $36.00 to $29.00 in a research note published on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts also recently weighed in on the company. Stephens raised Acadia Healthcare to a "hold" rating in a report on Monday, June 2nd. KeyCorp lowered their target price on Acadia Healthcare from $65.00 to $55.00 and set an "overweight" rating on the stock in a report on Wednesday, May 14th. Mizuho reduced their target price on Acadia Healthcare from $37.00 to $32.00 and set a "neutral" rating on the stock in a report on Wednesday, May 14th. Wall Street Zen raised Acadia Healthcare from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. Finally, Barclays cut their price objective on Acadia Healthcare from $28.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $44.75.

Acadia Healthcare Stock Down 1.4%

ACHC traded down $0.26 on Thursday, hitting $18.98. 1,501,645 shares of the company were exchanged, compared to its average volume of 2,185,156. Acadia Healthcare has a twelve month low of $17.13 and a twelve month high of $82.40. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 3.74 and a beta of 0.88. 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 firm has a 50-day moving average price of $22.18 and a two-hundred day moving average price of $27.65.

Acadia Healthcare (NASDAQ:ACHC - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.12. Acadia Healthcare had a return on equity of 8.34% and a net margin of 4.31%. The business had revenue of $869.23 million during the quarter, compared to the consensus estimate of $839.59 million. During the same period in the previous year, the business earned $0.91 EPS. The business's quarterly revenue was up 9.2% on a year-over-year basis. On average, equities analysts predict that Acadia Healthcare will post 3.38 earnings per share for the current year.

Institutional Investors Weigh In On Acadia Healthcare

A number of large investors have recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Acadia Healthcare by 49.7% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 90,762 shares of the company's stock worth $2,059,000 after purchasing an additional 30,126 shares in the last quarter. Intech Investment Management LLC lifted its position in Acadia Healthcare by 2.5% during the 2nd quarter. Intech Investment Management LLC now owns 83,285 shares of the company's stock worth $1,890,000 after acquiring an additional 2,010 shares during the last quarter. Creative Planning acquired a new position in Acadia Healthcare during the 2nd quarter worth $820,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Acadia Healthcare by 6.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,669 shares of the company's stock worth $537,000 after acquiring an additional 1,466 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey lifted its position in Acadia Healthcare by 3.5% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 34,909 shares of the company's stock worth $792,000 after acquiring an additional 1,190 shares during 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.