Advanced Accelerator Applications SA’s (AAAP) “Buy” Rating Reiterated at Jefferies Group
Advanced Accelerator Applications SA (NASDAQ:AAAP)‘s stock had its “buy” rating reissued by Jefferies Group in a research report issued to clients and investors on Wednesday. They presently have a $45.00 price target on the stock. Jefferies Group’s price target would suggest a potential upside of 18.39% from the stock’s previous close.
Separately, Zacks Investment Research lowered shares of Advanced Accelerator Applications SA from a “buy” rating to a “sell” rating in a research report on Tuesday, June 28th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $37.95.
Advanced Accelerator Applications SA (NASDAQ:AAAP) traded down 0.47% during mid-day trading on Wednesday, hitting $37.83. 17,448 shares of the stock traded hands. The stock’s market cap is $1.49 billion. Advanced Accelerator Applications SA has a 12-month low of $18.00 and a 12-month high of $39.66. The company has a 50 day moving average of $36.33 and a 200-day moving average of $32.89.
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Advanced Accelerator Applications SA (NASDAQ:AAAP) last posted its quarterly earnings data on Wednesday, August 31st. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.05. Advanced Accelerator Applications SA had a negative net margin of 12.87% and a negative return on equity of 8.50%. Equities research analysts forecast that Advanced Accelerator Applications SA will post ($0.44) earnings per share for the current year.
Several large investors have recently modified their holdings of the company. Lazard Asset Management LLC bought a new stake in shares of Advanced Accelerator Applications SA during the first quarter valued at approximately $276,000. United Services Automobile Association raised its stake in Advanced Accelerator Applications SA by 60.4% in the second quarter. United Services Automobile Association now owns 12,673 shares of the company’s stock valued at $383,000 after buying an additional 4,771 shares in the last quarter. Royce & Associates LP acquired a new stake in Advanced Accelerator Applications SA during the second quarter valued at approximately $454,000. Alps Advisors Inc. raised its stake in Advanced Accelerator Applications SA by 27.2% in the second quarter. Alps Advisors Inc. now owns 55,178 shares of the company’s stock valued at $1,668,000 after buying an additional 11,796 shares in the last quarter. Finally, Vivo Capital LLC acquired a new stake in Advanced Accelerator Applications SA during the first quarter valued at approximately $15,962,000. Institutional investors own 16.28% of the company’s stock.
Advanced Accelerator Applications SA Company Profile
Advanced Accelerator Applications SA is a radiopharmaceutical company that develops, produces and sells molecular nuclear medicine (MNM), diagnostic and therapeutic products. The Company’s lead therapeutic candidate, Lutathera, is being developed for the treatment of midgut neuroendocrine tumors (NETs).
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