Acadia Healthcare (NASDAQ:ACHC) Upgraded at Deutsche Bank Aktiengesellschaft

Acadia Healthcare (NASDAQ:ACHC) was upgraded by stock analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a $75.00 target price on the stock, up from their previous target price of $45.00. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 88.25% from the company’s previous close.

ACHC has been the subject of several other reports. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $52.00 price objective on shares of Acadia Healthcare in a research note on Tuesday. StockNews.com cut Acadia Healthcare from a “hold” rating to a “sell” rating in a research note on Friday, November 22nd. KeyCorp assumed coverage on shares of Acadia Healthcare in a research note on Friday, October 11th. They issued a “sector weight” rating on the stock. Barclays reduced their target price on shares of Acadia Healthcare from $76.00 to $43.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Finally, Royal Bank of Canada dropped their price target on shares of Acadia Healthcare from $94.00 to $64.00 and set an “outperform” rating on the stock in a research note on Monday, November 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $75.44.

Acadia Healthcare Stock Down 0.1 %

ACHC opened at $39.84 on Thursday. The stock has a market capitalization of $3.70 billion, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 1.82 and a beta of 1.30. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.07 and a current ratio of 1.07. Acadia Healthcare has a one year low of $36.50 and a one year high of $87.77. The business’s 50-day simple moving average is $46.02 and its 200-day simple moving average is $62.13.

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

Institutional Trading of Acadia Healthcare

Several large investors have recently bought and sold shares of the company. Blue Trust Inc. boosted its position in shares of Acadia Healthcare by 86.1% in the 2nd quarter. Blue Trust Inc. now owns 536 shares of the company’s stock worth $36,000 after buying an additional 248 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Acadia Healthcare by 57.1% in the third quarter. GAMMA Investing LLC now owns 663 shares of the company’s stock valued at $42,000 after purchasing an additional 241 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Acadia Healthcare in the second quarter valued at approximately $59,000. Covestor Ltd increased its stake in shares of Acadia Healthcare by 834.4% during the 3rd quarter. Covestor Ltd now owns 1,140 shares of the company’s stock worth $72,000 after purchasing an additional 1,018 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Acadia Healthcare during the 3rd quarter worth approximately $86,000.

About Acadia Healthcare

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.