Brokerages Set Advanced Accelerator Application SA (AAAP) PT at $63.00

Shares of Advanced Accelerator Application SA (NASDAQ:AAAP) have been given an average recommendation of “Hold” by the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $63.00.

A number of equities analysts recently weighed in on the stock. BidaskClub downgraded shares of Advanced Accelerator Application from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. ValuEngine raised shares of Advanced Accelerator Application from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. downgraded shares of Advanced Accelerator Application from an “overweight” rating to a “neutral” rating and set a $82.00 price target for the company. in a research note on Monday, November 20th. Zacks Investment Research raised shares of Advanced Accelerator Application from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research note on Wednesday, November 1st. Finally, JMP Securities downgraded shares of Advanced Accelerator Application from an “outperform” rating to a “market perform” rating in a research note on Monday, October 30th.

Shares of Advanced Accelerator Application (AAAP) traded up $0.26 during midday trading on Tuesday, reaching $81.76. 486 shares of the company were exchanged, compared to its average volume of 148,321. Advanced Accelerator Application has a fifty-two week low of $35.11 and a fifty-two week high of $82.74. The company has a market capitalization of $3,585.80, a P/E ratio of -62.21 and a beta of 0.61.

Advanced Accelerator Application (NASDAQ:AAAP) last announced its earnings results on Friday, November 17th. The company reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.43). Advanced Accelerator Application had a negative return on equity of 20.59% and a negative net margin of 43.93%. equities research analysts anticipate that Advanced Accelerator Application will post -0.89 EPS for the current year.

Several large investors have recently bought and sold shares of AAAP. Wells Fargo & Company MN increased its position in shares of Advanced Accelerator Application by 81.5% during the second quarter. Wells Fargo & Company MN now owns 4,514 shares of the company’s stock worth $177,000 after acquiring an additional 2,027 shares in the last quarter. State Street Corp increased its position in shares of Advanced Accelerator Application by 1.3% during the second quarter. State Street Corp now owns 25,995 shares of the company’s stock worth $1,014,000 after acquiring an additional 344 shares in the last quarter. Reliance Trust Co. of Delaware bought a new stake in shares of Advanced Accelerator Application during the third quarter worth about $596,000. Empirical Finance LLC bought a new stake in shares of Advanced Accelerator Application during the third quarter worth about $265,000. Finally, Birchview Capital LP increased its position in shares of Advanced Accelerator Application by 10.0% during the third quarter. Birchview Capital LP now owns 22,000 shares of the company’s stock worth $1,488,000 after acquiring an additional 2,000 shares in the last quarter. 40.11% of the stock is owned by institutional investors.

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About Advanced Accelerator Application

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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