Acadia Healthcare (NASDAQ:ACHC) Price Target Cut to $17.00 by Analysts at Mizuho

Acadia Healthcare (NASDAQ:ACHC) had its price target dropped by investment analysts at Mizuho from $22.00 to $17.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Mizuho’s price objective points to a potential upside of 17.00% from the company’s previous close.

A number of other analysts have also recently issued reports on ACHC. Raymond James Financial set a $17.00 target price on shares of Acadia Healthcare in a research note on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Acadia Healthcare from $33.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, December 3rd. Leerink Partnrs downgraded Acadia Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. Cantor Fitzgerald set a $17.00 price target on Acadia Healthcare in a report on Wednesday, December 3rd. Finally, KeyCorp reduced their price target on Acadia Healthcare from $30.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, December 3rd. Eight research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $22.75.

Acadia Healthcare Stock Performance

ACHC opened at $14.53 on Thursday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.73. Acadia Healthcare has a 12-month low of $12.63 and a 12-month high of $47.08. The business has a 50 day moving average of $18.81 and a 200-day moving average of $21.21. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 3.45 and a beta of 0.91.

Acadia Healthcare (NASDAQ:ACHC) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. Acadia Healthcare had a return on equity of 7.66% and a net margin of 3.29%.The business had revenue of $851.57 million for the quarter, compared to analysts’ expectations of $852.43 million. During the same quarter in the prior year, the business earned $0.91 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. Acadia Healthcare has set its FY 2025 guidance at 2.350-2.450 EPS. On average, equities research analysts expect that Acadia Healthcare will post 3.38 earnings per share for the current year.

Hedge Funds Weigh In On Acadia Healthcare

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hawk Ridge Capital Management LP lifted its position in Acadia Healthcare by 437.5% during the first quarter. Hawk Ridge Capital Management LP now owns 2,473,226 shares of the company’s stock worth $74,988,000 after purchasing an additional 2,013,126 shares during the period. Abrams Bison Investments LLC acquired a new position in shares of Acadia Healthcare in the 1st quarter valued at approximately $55,182,000. Maverick Capital Ltd. lifted its holdings in shares of Acadia Healthcare by 116.3% during the 1st quarter. Maverick Capital Ltd. now owns 2,246,923 shares of the company’s stock worth $68,127,000 after acquiring an additional 1,208,296 shares during the period. Deerfield Management Company L.P. acquired a new stake in shares of Acadia Healthcare during the 3rd quarter worth approximately $29,440,000. Finally, Rubric Capital Management LP bought a new position in Acadia Healthcare in the third quarter valued at approximately $27,236,000.

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.