Acadia Healthcare Co Given New $46.00 Price Target at RBC Capital (ACHC)
Equities researchers at RBC Capital upped their target price on shares of Acadia Healthcare Co (NASDAQ:ACHC) from $39.00 to $46.00 in a research report issued on Friday, American Banking News.com reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price target would indicate a potential upside of 8.80% from the stock’s previous close.
Shares of Acadia Healthcare Co (NASDAQ:ACHC) opened at 42.28 on Friday. Acadia Healthcare Co has a 52 week low of $18.64 and a 52 week high of $43.71. The stock has a 50-day moving average of $39.74 and a 200-day moving average of $36.03. The company has a market cap of $2.136 billion and a price-to-earnings ratio of 75.11.
Acadia Healthcare Co (NASDAQ:ACHC) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters 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. The company’s revenue for the quarter was up 79.1% on a year-over-year basis. Analysts expect that Acadia Healthcare Co will post $1.06 EPS for the current fiscal year.
ACHC has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets raised their price target on shares of Acadia Healthcare Co from $40.00 to $47.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Acadia Healthcare Co from $33.00 to $44.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $41.20.
In other Acadia Healthcare Co news, major shareholder Norman King Carter III unloaded 29,600 shares of Acadia Healthcare Co stock on the open market in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $42.20, for a total value of $1,249,120.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Acadia Healthcare Company, Inc is a provider of inpatient behavioral healthcare services in the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.