Cantor Fitzgerald Reaffirms “Neutral” Rating for Acadia Healthcare (NASDAQ:ACHC)

Acadia Healthcare (NASDAQ:ACHC)‘s stock had its “neutral” rating reaffirmed by investment analysts at Cantor Fitzgerald in a note issued to investors on Tuesday,Benzinga reports. They currently have a $52.00 price objective on the stock. Cantor Fitzgerald’s target price suggests a potential upside of 27.45% from the stock’s current price.

Several other analysts have also recently weighed in on the company. Barclays reduced their price target on Acadia Healthcare from $76.00 to $43.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. KeyCorp initiated coverage on shares of Acadia Healthcare in a report on Friday, October 11th. They set a “sector weight” rating on the stock. StockNews.com lowered shares of Acadia Healthcare from a “hold” rating to a “sell” rating in a report on Friday, November 22nd. Finally, Royal Bank of Canada reduced 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $75.44.

Acadia Healthcare Price Performance

ACHC stock opened at $40.80 on Tuesday. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 13.38, a P/E/G ratio of 1.82 and a beta of 1.30. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.07 and a quick ratio of 1.07. The company has a 50 day simple moving average of $46.85 and a 200 day simple moving average of $62.46. Acadia Healthcare has a 1 year low of $36.50 and a 1 year high of $87.77.

Acadia Healthcare (NASDAQ:ACHC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) 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 company had revenue of $815.60 million during the quarter, compared to the consensus estimate of $819.42 million. During the same period in the prior year, the business earned $0.91 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. Research analysts anticipate that Acadia Healthcare will post 3.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ACHC. Oddo BHF Asset Management Sas acquired a new stake in shares of Acadia Healthcare during the 3rd quarter worth approximately $1,613,000. Franklin Resources Inc. grew its holdings in Acadia Healthcare by 273.1% in the third quarter. Franklin Resources Inc. now owns 105,228 shares of the company’s stock worth $6,673,000 after purchasing an additional 77,027 shares during the period. Tidal Investments LLC raised its holdings in shares of Acadia Healthcare by 7.9% during the third quarter. Tidal Investments LLC now owns 4,664 shares of the company’s stock valued at $296,000 after purchasing an additional 340 shares during the period. Teachers Retirement System of The State of Kentucky boosted its position in shares of Acadia Healthcare by 8.5% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 56,594 shares of the company’s stock worth $3,589,000 after purchasing an additional 4,426 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in shares of Acadia Healthcare in the 3rd quarter valued at about $758,000.

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.