Advanced Accelerator Applications S.A. (AAAP) Upgraded to “Buy” by Zacks Investment Research

Zacks Investment Research upgraded shares of Advanced Accelerator Applications S.A. (NASDAQ:AAAP) from a hold rating to a buy rating in a research note issued to investors on Tuesday. Zacks Investment Research currently has $44.00 price objective on the stock.

According to Zacks, “Advanced Accelerator Applications S.A. is a radiopharmaceutical company. The company, develops, produces and commercializes molecular nuclear medicine diagnostic and therapeutic products. Its products in clinical development include Lutathera, Somakit and Annexin V-128. The company’s commercial products include Gluscan /Gluscan 500/Barnascan(R), IASOflu(R), IASOdopa(R), IASOcholine(R), MIBITEC/Adamibi and Leukokit(R). It operates primarily in France, Italy, the United Kingdom, Spain, Portugal, Israel, Switzerland, Germany and Canada. Advanced Accelerator Applications S.A. is headquartered in Saint Genis Pouilly, France. “

A number of other brokerages also recently issued reports on AAAP. BidaskClub raised Advanced Accelerator Applications from a sell rating to a hold rating in a research report on Friday, June 23rd. Jefferies Group LLC restated a buy rating and set a $50.00 target price on shares of Advanced Accelerator Applications in a research note on Friday, June 23rd. TheStreet upgraded Advanced Accelerator Applications from a d rating to a c- rating in a research note on Thursday, March 23rd. Canaccord Genuity set a $47.00 target price on Advanced Accelerator Applications and gave the stock a buy rating in a research note on Wednesday, May 31st. Finally, J P Morgan Chase & Co began coverage on Advanced Accelerator Applications in a research note on Thursday, June 15th. They set an overweight rating and a $50.00 target price for the company. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of Buy and a consensus target price of $47.75.

Advanced Accelerator Applications (NASDAQ:AAAP) opened at 39.88 on Tuesday. Advanced Accelerator Applications has a 52-week low of $23.50 and a 52-week high of $41.39.

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A number of large investors have recently added to or reduced their stakes in AAAP. JPMorgan Chase & Co. acquired a new stake in Advanced Accelerator Applications during the first quarter valued at $160,000. Geode Capital Management LLC boosted 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 valued at $880,000 after buying an additional 5,438 shares during the last quarter. Birchview Capital LP acquired a new stake in Advanced Accelerator Applications during the first quarter valued at $279,000. KCG Holdings Inc. acquired a new stake in Advanced Accelerator Applications during the first quarter valued at $338,000. Finally, A.R.T. Advisors LLC acquired a new stake in Advanced Accelerator Applications during the fourth quarter valued at $334,000. Hedge funds and other institutional investors own 40.91% of the company’s stock.

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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Analyst Recommendations for Advanced Accelerator Applications (NASDAQ:AAAP)

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