Advanced Accelerator Application (AAAP) Upgraded at BidaskClub

BidaskClub upgraded shares of Advanced Accelerator Application (NASDAQ:AAAP) from a sell rating to a hold rating in a research note issued to investors on Sunday.

Several other research firms have also recently weighed in on AAAP. Zacks Investment Research cut shares of Advanced Accelerator Application from a buy rating to a hold rating in a research report on Wednesday, November 22nd. JMP Securities cut shares of Advanced Accelerator Application from an outperform rating to a market perform rating in a research report on Monday, October 30th. JPMorgan Chase & Co. cut shares of Advanced Accelerator Application from an overweight rating to a neutral rating and set a $82.00 price objective for the company. in a research report on Monday, November 20th. Finally, ValuEngine raised shares of Advanced Accelerator Application from a sell rating to a hold rating in a research report on Friday, February 2nd. One 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. The company currently has a consensus rating of Hold and an average price target of $69.80.

Shares of Advanced Accelerator Application (AAAP) opened at $81.63 on Friday. Advanced Accelerator Application has a 52-week low of $35.11 and a 52-week high of $82.74. The firm has a market cap of $3,610.00 and a PE ratio of -50.70.

Advanced Accelerator Application (NASDAQ:AAAP) last posted its quarterly earnings data 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 analysts predict that Advanced Accelerator Application will post -0.89 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Emory University bought a new position in shares of Advanced Accelerator Application in the fourth quarter worth about $1,840,000. Alliancebernstein L.P. bought a new position in shares of Advanced Accelerator Application in the fourth quarter worth about $2,533,000. Water Island Capital LLC bought a new position in shares of Advanced Accelerator Application in the fourth quarter worth about $34,182,000. Allianz Asset Management GmbH lifted its holdings in shares of Advanced Accelerator Application by 2,398.0% in the fourth quarter. Allianz Asset Management GmbH now owns 311,000 shares of the company’s stock worth $25,384,000 after acquiring an additional 298,550 shares during the last quarter. Finally, DLD Asset Management LP bought a new position in shares of Advanced Accelerator Application in the fourth quarter worth about $612,000. 42.28% of the stock is owned by hedge funds and other institutional investors.

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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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