Shares of Advanced Accelerator Applications S.A. (NASDAQ:AAAP) have earned an average recommendation of “Buy” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $56.50.

A number of brokerages have recently commented on AAAP. J P Morgan Chase & Co began coverage on shares of Advanced Accelerator Applications in a report on Thursday, June 15th. They issued an “overweight” rating and a $50.00 target price on the stock. JMP Securities raised shares of Advanced Accelerator Applications from a “market perform” rating to an “outperform” rating and set a $69.00 target price on the stock in a report on Thursday, July 27th. Canaccord Genuity set a $47.00 target price on shares of Advanced Accelerator Applications and gave the company a “buy” rating in a report on Thursday, July 27th. TheStreet cut shares of Advanced Accelerator Applications from a “c-” rating to a “d” rating in a report on Wednesday, June 14th. Finally, BidaskClub raised shares of Advanced Accelerator Applications from a “sell” rating to a “hold” rating in a report on Friday, June 23rd.

Shares of Advanced Accelerator Applications (NASDAQ AAAP) opened at 49.68 on Friday. The stock’s market capitalization is $2.19 billion. The stock has a 50 day moving average of $47.95 and a 200 day moving average of $40.47. Advanced Accelerator Applications has a 12-month low of $23.50 and a 12-month high of $51.87.

Advanced Accelerator Applications (NASDAQ:AAAP) last announced 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 analyst estimates of $36.74 million. Advanced Accelerator Applications had a negative net margin of 33.83% and a negative return on equity of 16.05%. Equities research analysts anticipate that Advanced Accelerator Applications will post ($0.73) EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. State Street Corp grew its position in Advanced Accelerator Applications by 1.3% in the 2nd quarter. State Street Corp now owns 25,995 shares of the company’s stock valued at $1,014,000 after buying an additional 344 shares during the last quarter. Alps Advisors Inc. grew its position in Advanced Accelerator Applications by 4.9% in the 2nd quarter. Alps Advisors Inc. now owns 39,694 shares of the company’s stock valued at $1,550,000 after buying an additional 1,861 shares during the last quarter. Wells Fargo & Company MN grew its position in Advanced Accelerator Applications by 81.5% in the 2nd quarter. Wells Fargo & Company MN now owns 4,514 shares of the company’s stock valued at $177,000 after buying an additional 2,027 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in Advanced Accelerator Applications in the 1st quarter valued at $160,000. Finally, Geode Capital Management LLC grew its position in Advanced Accelerator Applications by 32.6% in the 1st 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 last quarter. Hedge funds and other institutional investors own 42.00% of the company’s stock.

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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.

Analyst Recommendations for Advanced Accelerator Applications (NASDAQ:AAAP)

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