Advanced Accelerator Application SA (AAAP) Given Consensus Recommendation of “Hold” by Brokerages
Advanced Accelerator Application SA (NASDAQ:AAAP) has been assigned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $63.00.
A number of research firms have recently issued reports on AAAP. BidaskClub cut shares of Advanced Accelerator Application from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 25th. Zacks Investment Research cut shares of Advanced Accelerator Application from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. Finally, ValuEngine upgraded shares of Advanced Accelerator Application from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Quad Capital Management Advisors LLC acquired a new stake in shares of Advanced Accelerator Application during the 4th quarter worth about $210,000. Jefferies Group LLC acquired a new stake in shares of Advanced Accelerator Application during the 4th quarter worth about $505,000. DLD Asset Management LP bought a new position in Advanced Accelerator Application during the fourth quarter worth about $612,000. California Public Employees Retirement System bought a new position in Advanced Accelerator Application during the third quarter worth about $554,000. Finally, Wells Fargo & Company MN increased its position in Advanced Accelerator Application by 164.2% during 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 during the period. Institutional investors own 48.89% of the company’s stock.
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.
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