Advanced Accelerator Applications S.A. (NASDAQ:AAAP) has earned a consensus rating of “Buy” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $62.00.
AAAP has been the topic of a number of analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $60.00 target price (up previously from $50.00) on shares of Advanced Accelerator Applications in a research report on Friday, September 1st. JMP Securities reiterated an “outperform” rating and issued a $69.00 target price on shares of Advanced Accelerator Applications in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of Advanced Accelerator Applications from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Tuesday, July 11th. BidaskClub upgraded shares of Advanced Accelerator Applications from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Finally, Canaccord Genuity set a $47.00 target price on shares of Advanced Accelerator Applications and gave the stock a “buy” rating in a research report on Thursday, July 27th.
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Advanced Accelerator Applications (NASDAQ:AAAP) last issued its earnings results on Thursday, August 31st. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). The business had revenue of $40.14 million during the quarter, compared to analysts’ expectations of $36.74 million. Advanced Accelerator Applications had a negative return on equity of 16.05% and a negative net margin of 33.83%.
A number of institutional investors have recently made changes to their positions in AAAP. PointState Capital LP bought a new stake in Advanced Accelerator Applications in the 2nd quarter worth $5,247,000. Artisan Partners Limited Partnership grew its holdings in Advanced Accelerator Applications by 29.2% in the 2nd quarter. Artisan Partners Limited Partnership now owns 547,338 shares of the company’s stock worth $21,368,000 after acquiring an additional 123,619 shares during the last quarter. Clearbridge Investments LLC bought a new stake in Advanced Accelerator Applications in the 1st quarter worth $3,471,000. Morgan Stanley grew its holdings in Advanced Accelerator Applications by 2,208.1% in the 1st quarter. Morgan Stanley now owns 72,358 shares of the company’s stock worth $2,884,000 after acquiring an additional 69,223 shares during the last quarter. Finally, Birchview Capital LP grew its holdings in Advanced Accelerator Applications by 185.7% in the 2nd quarter. Birchview Capital LP now owns 20,000 shares of the company’s stock worth $781,000 after acquiring an additional 13,000 shares during the last quarter. 37.53% of the stock is currently owned by institutional investors and hedge funds.
Advanced Accelerator Applications Company Profile
Advanced Accelerator Applications SA is a radiopharmaceutical company. The Company develops, produces and commercializes molecular nuclear medicine (MNM), diagnostic and therapeutic products. MNM uses trace amounts of radioactive compounds to create functional images of organs and lesions and to treat diseases, such as cancer.
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