Equities researchers at Wells Fargo & Co. initiated coverage on shares of Advanced Accelerator Applications SA (NASDAQ:AAAP) in a research note issued on Tuesday. The brokerage set an “outperform” rating on the stock.

Several other research firms also recently issued reports on AAAP. Zacks Investment Research downgraded Advanced Accelerator Applications SA from a “buy” rating to a “sell” rating in a research report on Tuesday, June 28th. Jefferies Group reissued a “buy” rating and issued a $45.00 target price on shares of Advanced Accelerator Applications SA in a research report on Wednesday, October 12th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $37.95.

Analyst Recommendations for Advanced Accelerator Applications SA (NASDAQ:AAAP)

Advanced Accelerator Applications SA (NASDAQ:AAAP) opened at 38.03 on Tuesday. Advanced Accelerator Applications SA has a 12 month low of $18.00 and a 12 month high of $39.66. The stock has a 50 day moving average price of $36.86 and a 200 day moving average price of $33.00. The stock’s market capitalization is $1.49 billion.

Advanced Accelerator Applications SA (NASDAQ:AAAP) last released its earnings results on Wednesday, August 31st. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.05. Advanced Accelerator Applications SA had a negative return on equity of 8.50% and a negative net margin of 12.87%. Equities analysts predict that Advanced Accelerator Applications SA will post ($0.44) EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in the company. FMR LLC increased its stake in shares of Advanced Accelerator Applications SA by 153.9% in the second quarter. FMR LLC now owns 1,697,888 shares of the company’s stock valued at $51,336,000 after buying an additional 1,029,110 shares in the last quarter. United Services Automobile Association raised its stake in Advanced Accelerator Applications SA by 60.4% in the second quarter. United Services Automobile Association now owns 12,673 shares of the company’s stock valued at $383,000 after buying an additional 4,771 shares during the last quarter. Royce & Associates LP purchased a new stake in Advanced Accelerator Applications SA during the second quarter valued at about $454,000. Alps Advisors Inc. raised its stake in Advanced Accelerator Applications SA by 27.2% in the second quarter. Alps Advisors Inc. now owns 55,178 shares of the company’s stock valued at $1,668,000 after buying an additional 11,796 shares during the last quarter. Finally, Scopia Capital Management LP raised its stake in Advanced Accelerator Applications SA by 16.4% in the first quarter. Scopia Capital Management LP now owns 1,044,512 shares of the company’s stock valued at $36,579,000 after buying an additional 146,825 shares during the last quarter. 16.28% of the stock is currently owned by institutional investors.

Advanced Accelerator Applications SA Company Profile

Advanced Accelerator Applications SA is a radiopharmaceutical company that develops, produces and sells molecular nuclear medicine (MNM), diagnostic and therapeutic products. The Company’s lead therapeutic candidate, Lutathera, is being developed for the treatment of midgut neuroendocrine tumors (NETs).

5 Day Chart for NASDAQ:AAAP

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