Bank of America Downgrades Acadia Healthcare (NASDAQ:ACHC) to Underperform

Acadia Healthcare (NASDAQ:ACHC) was downgraded by equities research analysts at Bank of America from a “neutral” rating to an “underperform” rating in a research report issued on Wednesday, MarketBeat reports. They presently have a $13.00 price objective on the stock. Bank of America‘s target price suggests a potential downside of 21.16% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Acadia Healthcare in a research note on Wednesday. Weiss Ratings restated a “sell (d)” rating on shares of Acadia Healthcare in a report on Wednesday, October 8th. KeyCorp reiterated an “overweight” rating and set a $25.00 price objective on shares of Acadia Healthcare in a research note on Wednesday. Raymond James Financial set a $22.00 price objective on shares of Acadia Healthcare in a research report on Friday, November 7th. Finally, Cantor Fitzgerald restated a “neutral” rating on shares of Acadia Healthcare in a report on Wednesday. Eight investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $24.50.

Acadia Healthcare Stock Down 2.1%

Shares of ACHC opened at $16.49 on Wednesday. Acadia Healthcare has a fifty-two week low of $14.30 and a fifty-two week high of $47.08. The company’s fifty day moving average is $21.24 and its two-hundred day moving average is $21.89. The firm has a market cap of $1.52 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 3.59 and a beta of 0.91. 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 (NASDAQ:ACHC) last issued its earnings results on Wednesday, November 5th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $852.43 million. During the same period last year, the company posted $0.91 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. Acadia Healthcare has set its FY 2025 guidance at 2.350-2.450 EPS. Analysts forecast that Acadia Healthcare will post 3.38 earnings per share for the current year.

Institutional Trading of Acadia Healthcare

Several large investors have recently modified their holdings of ACHC. Verdence Capital Advisors LLC lifted its stake in shares of Acadia Healthcare by 3.3% in the second quarter. Verdence Capital Advisors LLC now owns 14,656 shares of the company’s stock worth $333,000 after acquiring an additional 465 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Acadia Healthcare by 54.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,404 shares of the company’s stock valued at $32,000 after purchasing an additional 497 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Acadia Healthcare by 10.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,672 shares of the company’s stock valued at $202,000 after purchasing an additional 622 shares in the last quarter. LPL Financial LLC raised its position in shares of Acadia Healthcare by 1.2% in the 1st quarter. LPL Financial LLC now owns 56,527 shares of the company’s stock valued at $1,651,000 after purchasing an additional 697 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Acadia Healthcare by 2.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 30,468 shares of the company’s stock valued at $691,000 after buying an additional 760 shares during the last quarter.

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.