Advanced Accelerator Application SA (NASDAQ:AAAP) has received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $63.00.
A number of brokerages have commented on AAAP. BidaskClub upgraded Advanced Accelerator Application from a “sell” rating to a “hold” rating in a research note on Sunday, February 11th. ValuEngine upgraded Advanced Accelerator Application from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research cut Advanced Accelerator Application from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th.
Several institutional investors and hedge funds have recently modified their holdings of AAAP. State Street Corp lifted its stake in shares of Advanced Accelerator Application by 1.3% during the second quarter. State Street Corp now owns 25,995 shares of the company’s stock worth $1,014,000 after purchasing an additional 344 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Advanced Accelerator Application by 164.2% in the third quarter. Wells Fargo & Company MN now owns 11,928 shares of the company’s stock worth $807,000 after acquiring an additional 7,414 shares in the last quarter. Allianz Asset Management GmbH acquired a new position in shares of Advanced Accelerator Application in the third quarter worth about $842,000. California Public Employees Retirement System acquired a new position in shares of Advanced Accelerator Application in the third quarter worth about $554,000. Finally, Havens Advisors LLC acquired a new position in shares of Advanced Accelerator Application in the fourth quarter worth about $4,310,000. Institutional investors own 48.77% of the company’s stock.
AAAP stock traded up $0.13 during trading on Friday, reaching $81.63. 12,100 shares of the stock traded hands, compared to its average volume of 148,736. Advanced Accelerator Application has a 52-week low of $35.11 and a 52-week high of $82.74. The company has a market cap of $3,589.76, a PE ratio of -240.09 and a beta of 0.69.
Advanced Accelerator Application 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.
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