Advanced Accelerator Applications S.A. (NASDAQ:AAAP) received a $47.00 price target from investment analysts at Canaccord Genuity in a report released on Thursday. The firm presently has a “buy” rating on the stock. Canaccord Genuity’s target price suggests a potential downside of 0.42% from the stock’s current price.
Several other research firms have also weighed in on AAAP. BidaskClub upgraded Advanced Accelerator Applications from a “sell” rating to a “hold” rating in a report on Friday, June 23rd. Jefferies Group LLC reiterated a “buy” rating and set a $50.00 target price on shares of Advanced Accelerator Applications in a report on Friday, June 23rd. TheStreet lowered Advanced Accelerator Applications from a “c-” rating to a “d” rating in a report on Wednesday, June 14th. J P Morgan Chase & Co initiated coverage on Advanced Accelerator Applications in a report on Thursday, June 15th. They set an “overweight” rating and a $50.00 target price on the stock. Finally, Zacks Investment Research upgraded Advanced Accelerator Applications from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Tuesday, July 11th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $47.75.
Advanced Accelerator Applications (NASDAQ AAAP) traded up 11.48% on Thursday, reaching $47.20. The company had a trading volume of 142,696 shares. Advanced Accelerator Applications has a 12 month low of $23.50 and a 12 month high of $47.63.
Several hedge funds have recently added to or reduced their stakes in AAAP. JPMorgan Chase & Co. bought a new stake in Advanced Accelerator Applications during the first quarter worth about $160,000. Geode Capital Management LLC increased its stake in Advanced Accelerator Applications by 32.6% in the first quarter. Geode Capital Management LLC now owns 22,095 shares of the company’s stock worth $880,000 after buying an additional 5,438 shares in the last quarter. Birchview Capital LP bought a new stake in Advanced Accelerator Applications during the first quarter worth about $279,000. KCG Holdings Inc. bought a new stake in Advanced Accelerator Applications during the first quarter worth about $338,000. Finally, Morgan Stanley increased its stake in Advanced Accelerator Applications by 2,208.1% in the first quarter. Morgan Stanley now owns 72,358 shares of the company’s stock worth $2,884,000 after buying an additional 69,223 shares in the last quarter. 40.91% of the stock is currently owned by institutional investors and hedge funds.
Advanced Accelerator Applications 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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