Acadia Healthcare Company Price Target Increased to $60.00 by Analysts at Cantor Fitzgerald (ACHC)
Cantor Fitzgerald lifted their target price on shares of Acadia Healthcare Company (NASDAQ:ACHC) from $57.00 to $60.00 in a research note issued on Thursday. The firm currently has a “buy” rating on the stock. Cantor Fitzgerald’s target price would indicate a potential upside of 27.23% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Acadia Healthcare Company from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 1st. They now have a $49.00 price target on the stock. Analysts at Raymond James reiterated an “outperform” rating on shares of Acadia Healthcare Company in a research note on Wednesday, June 4th. They now have a $55.00 price target on the stock, up previously from $49.00. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $53.00.
Acadia Healthcare Company (NASDAQ:ACHC) traded down 1.05% during mid-day trading on Thursday, hitting $47.16. The stock had a trading volume of 501,907 shares. Acadia Healthcare Company has a 52-week low of $36.65 and a 52-week high of $53.87. The stock’s 50-day moving average is $46.76 and its 200-day moving average is $46.53. The company has a market cap of $2.821 billion and a P/E ratio of 39.19.
Acadia Healthcare Company (NASDAQ:ACHC) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. The company had revenue of $213.80 million for the quarter, compared to the consensus estimate of $207.73 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. On average, analysts predict that Acadia Healthcare Company will post $1.46 earnings per share for the current fiscal year.
In other Acadia Healthcare Company news, EVP Christopher L. Howard sold 1,156 shares of the stock on the open market in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $51.01, for a total value of $58,967.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Acadia Healthcare Company, Inc is a provider of inpatient behavioral healthcare services in the United States.
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