Shares of Advanced Accelerator Applications S.A. (NASDAQ:AAAP) have been assigned an average recommendation of “Buy” from the eight research firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $47.75.

Several analysts have weighed in on the stock. J P Morgan Chase & Co assumed coverage on shares of Advanced Accelerator Applications in a research note on Thursday, June 15th. They issued an “overweight” rating and a $50.00 price target for the company. TheStreet downgraded shares of Advanced Accelerator Applications from a “c-” rating to a “d” rating in a research note on Wednesday, June 14th. BidaskClub raised shares of Advanced Accelerator Applications from a “hold” rating to a “buy” rating in a research note on Friday, July 14th. Jefferies Group LLC reaffirmed a “buy” rating and set a $50.00 price objective on shares of Advanced Accelerator Applications in a research note on Friday, March 24th. Finally, Canaccord Genuity set a $47.00 price objective on shares of Advanced Accelerator Applications and gave the company a “buy” rating in a research note on Wednesday, May 31st.

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Several institutional investors have recently modified their holdings of AAAP. JPMorgan Chase & Co. purchased a new position in shares of Advanced Accelerator Applications during the first quarter valued at approximately $160,000. Birchview Capital LP purchased a new position in shares of Advanced Accelerator Applications during the first quarter valued at approximately $279,000. KCG Holdings Inc. purchased a new position in shares of Advanced Accelerator Applications during the first quarter valued at approximately $338,000. Geode Capital Management LLC increased its position in shares of Advanced Accelerator Applications by 32.6% in the first quarter. Geode Capital Management LLC now owns 22,095 shares of the company’s stock valued at $880,000 after buying an additional 5,438 shares during the period. Finally, Morgan Stanley increased its position in shares of Advanced Accelerator Applications by 2,208.1% in the first quarter. Morgan Stanley now owns 72,358 shares of the company’s stock valued at $2,884,000 after buying an additional 69,223 shares during the period. 40.91% of the stock is owned by hedge funds and other institutional investors.

Shares of Advanced Accelerator Applications (NASDAQ:AAAP) opened at 41.13 on Friday. Advanced Accelerator Applications has a one year low of $23.50 and a one year high of $41.39.

About Advanced Accelerator Applications

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.

Analyst Recommendations for Advanced Accelerator Applications (NASDAQ:AAAP)

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