KeyCorp Upgrades Acadia Healthcare (NASDAQ:ACHC) to Overweight

Acadia Healthcare (NASDAQ:ACHC) was upgraded by equities research analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a report issued on Tuesday, Marketbeat.com reports. The brokerage presently has a $70.00 target price on the stock. KeyCorp’s target price suggests a potential upside of 56.08% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Barclays dropped their price target on shares of Acadia Healthcare from $76.00 to $43.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Deutsche Bank Aktiengesellschaft upgraded shares of Acadia Healthcare from a “hold” rating to a “buy” rating and upped their target price for the stock from $45.00 to $75.00 in a research note on Thursday, December 12th. Cantor Fitzgerald restated a “neutral” rating and issued a $52.00 price objective on shares of Acadia Healthcare in a report on Tuesday, December 10th. StockNews.com downgraded Acadia Healthcare from a “hold” rating to a “sell” rating in a research note on Monday. Finally, Royal Bank of Canada decreased their price target on Acadia Healthcare from $94.00 to $64.00 and set an “outperform” rating for the company in a research note on Monday, November 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $73.00.

Acadia Healthcare Stock Up 1.2 %

NASDAQ:ACHC opened at $44.85 on Tuesday. Acadia Healthcare has a 1-year low of $36.50 and a 1-year high of $87.77. The firm’s 50-day moving average price is $40.70 and its 200-day moving average price is $58.54. The company has a market capitalization of $4.17 billion, a PE ratio of 14.70, a P/E/G ratio of 1.77 and a beta of 1.29. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.07 and a quick ratio of 1.07.

Acadia Healthcare (NASDAQ:ACHC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.01. The company had revenue of $815.60 million for the quarter, compared to the consensus estimate of $819.42 million. Acadia Healthcare had a return on equity of 11.12% and a net margin of 8.99%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.91 EPS. On average, equities analysts predict that Acadia Healthcare will post 3.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ACHC. Commonwealth Equity Services LLC lifted its stake in shares of Acadia Healthcare by 3.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 7,595 shares of the company’s stock worth $513,000 after purchasing an additional 257 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Acadia Healthcare by 2.9% during the 2nd quarter. Victory Capital Management Inc. now owns 268,264 shares of the company’s stock worth $18,119,000 after acquiring an additional 7,467 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Acadia Healthcare by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 25,874 shares of the company’s stock worth $1,748,000 after purchasing an additional 531 shares in the last quarter. Texas Permanent School Fund Corp raised its holdings in Acadia Healthcare by 11.3% in the 2nd quarter. Texas Permanent School Fund Corp now owns 89,821 shares of the company’s stock worth $6,067,000 after purchasing an additional 9,115 shares during the period. Finally, American Century Companies Inc. grew its holdings in Acadia Healthcare by 5.7% during the second quarter. American Century Companies Inc. now owns 429,713 shares of the company’s stock valued at $29,023,000 after purchasing an additional 23,033 shares during the period.

Acadia Healthcare Company Profile

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.