Acadia Healthcare Co Price Target Raised to $47.00 at BMO Capital Markets (ACHC)
Research analysts at BMO Capital Markets boosted their target price on shares of Acadia Healthcare Co (NASDAQ:ACHC) from $40.00 to $47.00 in a report released on Friday, Analyst Ratings.Net reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 11.16% from the stock’s previous close.
A number of other analysts have also recently weighed in on ACHC. 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. Separately, analysts at Cantor Fitzgerald raised their price target on shares of Acadia Healthcare Co from $42.00 to $45.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, 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. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Acadia Healthcare Co currently has a consensus rating of “Buy” and a consensus 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 in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $42.20, for a total transaction of $1,249,120.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Acadia Healthcare Co (NASDAQ:ACHC) opened at 42.28 on Friday. Acadia Healthcare Co has a 1-year low of $18.64 and a 1-year high of $43.71. The stock’s 50-day moving average is $39.74 and its 200-day moving average is $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 earnings per share (EPS) for the quarter, beating the 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 quarterly revenue was up 79.1% on a year-over-year basis. On average, analysts predict that Acadia Healthcare Co will post $1.06 earnings per share 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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