Acadia Healthcare (NASDAQ:ACHC) Receives Neutral Rating from Cantor Fitzgerald

Key Points

• Acadia Healthcare's stock received a neutral rating from Cantor Fitzgerald, with a target price set at $25.00, indicating a potential downside of 5.52% from its current price.
• The company reported a 9.2% increase in quarterly revenue year-over-year, achieving $869.23 million, and its earnings per share surpassed analysts' expectations.
• Acadia Healthcare currently has an average analyst rating of "Moderate Buy" with a consensus target price of $36.91, reflecting a mix of ratings from other analysts.

Acadia Healthcare (NASDAQ:ACHC - Get Free Report)'s stock had its "neutral" rating restated by analysts at Cantor Fitzgerald in a note issued to investors on Tuesday,Benzinga reports. They currently have a $25.00 target price on the stock. Cantor Fitzgerald's target price would suggest a potential downside of 5.52% from the company's current price.

A number of other equities analysts have also recently issued reports on the stock. Wall Street Zen upgraded shares of Acadia Healthcare from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. Weiss Ratings restated a "sell (d)" rating on shares of Acadia Healthcare in a research report on Saturday, September 27th. Guggenheim reduced their target price on Acadia Healthcare from $36.00 to $29.00 and set a "buy" rating on the stock in a research note on Thursday, August 7th. Barclays cut their price target on Acadia Healthcare from $28.00 to $20.00 and set an "equal weight" rating for the company in a report on Thursday, August 7th. Finally, Royal Bank Of Canada cut their target price on shares of Acadia Healthcare from $43.00 to $28.00 and set an "outperform" rating for the company in a research note on Wednesday, August 13th. Eight 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. Based on data from MarketBeat.com, Acadia Healthcare has an average rating of "Moderate Buy" and an average target price of $36.91.

Acadia Healthcare Stock Down 2.5%

Shares of Acadia Healthcare stock opened at $26.46 on Tuesday. The company has a market cap of $2.44 billion, a P/E ratio of 17.52, a PEG ratio of 5.38 and a beta of 0.90. The firm has a fifty day moving average of $22.33 and a two-hundred day moving average of $23.44. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.32 and a current ratio of 1.32. Acadia Healthcare has a one year low of $17.13 and a one year high of $60.52.

Acadia Healthcare (NASDAQ:ACHC - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.12. Acadia Healthcare had a return on equity of 8.34% and a net margin of 4.31%.The firm had revenue of $869.23 million for the quarter, compared to analyst estimates of $839.59 million. During the same quarter in the prior year, the company posted $0.91 earnings per share. Acadia Healthcare's quarterly revenue was up 9.2% on a year-over-year basis. Acadia Healthcare has set its FY 2025 guidance at 2.450-2.65 EPS. On average, analysts forecast that Acadia Healthcare will post 3.38 earnings per share for the current year.

Hedge Funds Weigh In On Acadia Healthcare

Hedge funds and other institutional investors have recently modified their holdings of the company. Verdence Capital Advisors LLC lifted its position in 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 acquiring an additional 465 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Acadia Healthcare by 54.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,404 shares of the company's stock worth $32,000 after buying an additional 497 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Acadia Healthcare by 10.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,672 shares of the company's stock worth $202,000 after purchasing an additional 622 shares during the last quarter. LPL Financial LLC raised its position in shares of 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 in the last quarter. Finally, UMB Bank n.a. grew its position in shares of Acadia Healthcare by 149.5% during the first quarter. UMB Bank n.a. now owns 1,260 shares of the company's stock worth $38,000 after buying an additional 755 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.