Acadia Healthcare Co PT Raised to $45.00 (ACHC)
Investment analysts at Cantor Fitzgerald lifted their target price on shares of Acadia Healthcare Co (NASDAQ:ACHC) from $42.00 to $45.00 in a note issued to investors on Wednesday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Cantor Fitzgerald’s price target indicates a potential upside of 5.46% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Acadia Healthcare Co from $39.00 to $47.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Zacks downgraded shares of Acadia Healthcare Co from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 1st. They now have a $42.80 price target on the stock. Finally, analysts at Raymond James raised their price target on shares of Acadia Healthcare Co from $27.00 to $30.00 in a research note to investors on Thursday, August 22nd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Acadia Healthcare Co presently has a consensus rating of “Buy” and a consensus target price of $38.42.
In other Acadia Healthcare Co news, major shareholder Karen Marie Prince sold 20,000 shares of the stock on the open market in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $39.14, for a total transaction of $782,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Acadia Healthcare Co (NASDAQ:ACHC) traded up 8.44% on Wednesday, hitting $42.67. The stock had a trading volume of 987,929 shares. Acadia Healthcare Co has a 52-week low of $18.53 and a 52-week high of $39.94. The stock has a 50-day moving average of $37.7 and a 200-day moving average of $33.31. The company has a market cap of $2.155 billion and a P/E ratio of 68.08.
Acadia Healthcare Co (NASDAQ:ACHC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.27 by $0.02. The company had revenue of $184.70 million for the quarter, compared to the consensus estimate of $179.47 million. Acadia Healthcare Co’s revenue was up 79.1% compared to the same quarter last year. Analysts expect that Acadia Healthcare Co will post $1.03 EPS for the current fiscal year.
Acadia Healthcare Company, Inc is a provider of inpatient behavioral healthcare services in the United States.
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