Advanced Accelerator Application (NASDAQ:AAAP) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday, January 25th.
A number of other analysts have also commented on the company. Zacks Investment Research lowered Advanced Accelerator Application from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. JPMorgan Chase & Co. downgraded Advanced Accelerator Application from an “overweight” rating to a “neutral” rating and set a $82.00 target price on the stock. in a research report on Monday, November 20th. Finally, JMP Securities downgraded Advanced Accelerator Application from an “outperform” rating to a “market perform” rating in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $69.80.
Shares of Advanced Accelerator Application (AAAP) opened at $81.63 on Thursday. The company has a market capitalization of $3,589.76, a price-to-earnings ratio of -62.31 and a beta of 0.61. Advanced Accelerator Application has a 52 week low of $35.11 and a 52 week high of $82.74.
Advanced Accelerator Application (NASDAQ:AAAP) last posted its earnings results on Friday, November 17th. The company reported ($0.61) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 predict that Advanced Accelerator Application will post -0.89 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of AAAP. Advisor Group Inc. boosted its stake in shares of Advanced Accelerator Application by 123.7% in the third quarter. Advisor Group Inc. now owns 1,528 shares of the company’s stock valued at $103,000 after buying an additional 845 shares during the period. Wells Fargo & Company MN lifted its stake in 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 purchasing an additional 2,027 shares during the last quarter. Quantbot Technologies LP bought a new stake in Advanced Accelerator Application during the third quarter worth $204,000. Empirical Finance LLC bought a new stake in Advanced Accelerator Application during the third quarter worth $265,000. Finally, Citadel Advisors LLC bought a new stake in Advanced Accelerator Application during the third quarter worth $388,000. Institutional investors and hedge funds own 42.28% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This piece was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece on another website, it was illegally copied and reposted in violation of US & international copyright laws. The legal version of this piece can be read at https://www.dispatchtribunal.com/2018/02/13/advanced-accelerator-application-aaap-downgraded-by-bidaskclub.html.
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.
Receive News & Ratings for Advanced Accelerator Application Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Accelerator Application and related companies with MarketBeat.com's FREE daily email newsletter.