Advanced Accelerator Applications S.A. (AAAP) Given Average Rating of “Buy” by Brokerages
Advanced Accelerator Applications S.A. (NASDAQ:AAAP) has been assigned a consensus recommendation of “Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $56.50.
A number of brokerages have issued reports on AAAP. Zacks Investment Research raised Advanced Accelerator Applications from a “hold” rating to a “buy” rating and set a $44.00 target price for the company 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 note on Thursday, August 3rd. J P Morgan Chase & Co started 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 objective for the company. Canaccord Genuity set a $47.00 price objective on shares of Advanced Accelerator Applications and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, JMP Securities reaffirmed an “outperform” rating and set a $69.00 price objective on shares of Advanced Accelerator Applications in a report on Monday.
Shares of Advanced Accelerator Applications (NASDAQ AAAP) opened at 65.41 on Wednesday. Advanced Accelerator Applications has a 1-year low of $23.50 and a 1-year high of $68.00. The stock’s 50 day moving average is $53.59 and its 200-day moving average is $43.11.
Advanced Accelerator Applications (NASDAQ:AAAP) last released its quarterly earnings results on Thursday, August 31st. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.01). The company had revenue of $40.14 million for the quarter, compared to the consensus estimate of $36.74 million. Advanced Accelerator Applications had a negative return on equity of 16.05% and a negative net margin of 33.83%. On average, equities analysts expect that Advanced Accelerator Applications will post ($0.63) earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings 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 purchasing an additional 344 shares during the period. Alps Advisors Inc. increased its holdings in shares of Advanced Accelerator Applications by 4.9% during the 2nd quarter. Alps Advisors Inc. now owns 39,694 shares of the company’s stock worth $1,550,000 after purchasing an additional 1,861 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Advanced Accelerator Applications by 81.5% during the 2nd quarter. Wells Fargo & Company MN now owns 4,514 shares of the company’s stock worth $177,000 after purchasing an additional 2,027 shares during the period. JPMorgan Chase & Co. bought a new position in shares of Advanced Accelerator Applications during the 1st quarter worth about $160,000. Finally, Geode Capital Management LLC increased its holdings in shares of Advanced Accelerator Applications by 32.6% during the 1st quarter. Geode Capital Management LLC now owns 22,095 shares of the company’s stock worth $880,000 after purchasing an additional 5,438 shares during the period. Hedge funds and other institutional investors own 37.51% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This report was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/10/04/advanced-accelerator-applications-s-a-aaap-given-average-rating-of-buy-by-brokerages.html.
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.
Receive News & Ratings for Advanced Accelerator Applications S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Accelerator Applications S.A. and related companies with MarketBeat.com's FREE daily email newsletter.