Acadia Healthcare (NASDAQ:ACHC) Reaches New 12-Month Low on Analyst Downgrade

Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) reached a new 52-week low during trading on Thursday after Royal Bank Of Canada lowered their price target on the stock from $28.00 to $22.00. Royal Bank Of Canada currently has an outperform rating on the stock. Acadia Healthcare traded as low as $16.91 and last traded at $17.2560, with a volume of 48066 shares traded. The stock had previously closed at $17.41.

Several other research firms have also recently commented on ACHC. Guggenheim reduced their target price on shares of Acadia Healthcare from $29.00 to $27.00 and set a “buy” rating for the company in a research note on Monday. Weiss Ratings restated a “sell (d)” rating on shares of Acadia Healthcare in a research note on Wednesday, October 8th. Bank of America cut Acadia Healthcare from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $27.00 to $25.00 in a research note on Wednesday, September 10th. Mizuho lowered their price objective on shares of Acadia Healthcare from $32.00 to $22.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 13th. Finally, Cowen reiterated a “buy” rating on shares of Acadia Healthcare in a report on Thursday, August 7th. Eight equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $32.82.

Institutional Investors Weigh In On Acadia Healthcare

Institutional investors and hedge funds have recently bought and sold shares of the stock. Caxton Associates LLP purchased a new stake in Acadia Healthcare in the first quarter worth about $394,000. Envestnet Portfolio Solutions Inc. raised its stake in Acadia Healthcare by 256.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 26,053 shares of the company’s stock valued at $591,000 after purchasing an additional 18,742 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in Acadia Healthcare by 85.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 28,683 shares of the company’s stock worth $651,000 after buying an additional 13,188 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in Acadia Healthcare during the 2nd quarter valued at $479,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Acadia Healthcare by 10.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,672 shares of the company’s stock worth $202,000 after buying an additional 622 shares during the period.

Acadia Healthcare Price Performance

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 market cap of $1.57 billion, a P/E ratio of 11.26, a PEG ratio of 4.56 and a beta of 0.97. The firm has a 50-day simple moving average of $23.02 and a 200-day simple moving average of $22.71.

Acadia Healthcare (NASDAQ:ACHC) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.71 by $0.01. The business had revenue of $851.57 million for the quarter, compared to the consensus estimate of $852.43 million. Acadia Healthcare had a net margin of 4.31% and a return on equity of 8.34%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. Acadia Healthcare has set its FY 2025 guidance at 2.350-2.450 EPS. As a group, analysts forecast that Acadia Healthcare Company, Inc. will post 3.38 EPS for the current year.

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.