Bank of America Lowers Acadia Healthcare (NASDAQ:ACHC) Price Target to $44.50

Acadia Healthcare (NASDAQ:ACHC - Get Free Report) had its price target cut by Bank of America from $50.00 to $44.50 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Bank of America's target price suggests a potential upside of 46.09% from the stock's current price.

Several other research analysts also recently commented on the company. TD Cowen reduced their target price on Acadia Healthcare from $70.00 to $66.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. KeyCorp raised shares of Acadia Healthcare from a "sector weight" rating to an "overweight" rating and set a $70.00 price objective on the stock in a research note on Tuesday, January 7th. Barclays cut shares of Acadia Healthcare from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $43.00 to $35.00 in a research note on Friday. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $52.00 target price on shares of Acadia Healthcare in a research report on Tuesday, December 10th. Finally, StockNews.com lowered Acadia Healthcare from a "hold" rating to a "sell" rating in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $56.31.

Acadia Healthcare Stock Up 4.1 %

NASDAQ ACHC traded up $1.20 during trading on Friday, hitting $30.46. The stock had a trading volume of 3,669,933 shares, compared to its average volume of 1,752,281. The company has a market capitalization of $2.83 billion, a PE ratio of 9.99, a P/E/G ratio of 1.46 and a beta of 1.30. Acadia Healthcare has a 12 month low of $28.09 and a 12 month high of $85.96. The company's 50-day moving average price is $41.93 and its two-hundred day moving average price is $51.32. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.07 and a current ratio of 1.07.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ACHC. Lindbrook Capital LLC boosted its holdings in shares of Acadia Healthcare by 1,342.0% during the 4th quarter. Lindbrook Capital LLC now owns 721 shares of the company's stock valued at $29,000 after buying an additional 671 shares in the last quarter. Blue Trust Inc. increased its position in Acadia Healthcare by 69.4% during the fourth quarter. Blue Trust Inc. now owns 842 shares of the company's stock valued at $33,000 after acquiring an additional 345 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Acadia Healthcare by 40.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,040 shares of the company's stock worth $41,000 after acquiring an additional 301 shares during the period. Covestor Ltd grew its holdings in Acadia Healthcare by 834.4% during the third quarter. Covestor Ltd now owns 1,140 shares of the company's stock valued at $72,000 after purchasing an additional 1,018 shares during the period. Finally, Signaturefd LLC raised its position in shares of Acadia Healthcare by 460.6% during the fourth quarter. Signaturefd LLC now owns 1,222 shares of the company's stock valued at $48,000 after buying an additional 1,004 shares during the last quarter.

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.