Canaccord Genuity reaffirmed their buy rating on shares of Aceto (NASDAQ:ACET) in a report issued on Monday morning. Canaccord Genuity currently has a $10.00 target price on the stock.

Several other equities research analysts have also issued reports on ACET. Zacks Investment Research raised Aceto from a strong sell rating to a hold rating in a research note on Monday, October 30th. BidaskClub lowered Aceto from a sell rating to a strong sell rating in a research note on Friday, December 15th. Finally, ValuEngine lowered Aceto from a buy rating to a hold rating in a research note on Sunday, December 31st.

Aceto (ACET) opened at $7.43 on Monday. Aceto has a twelve month low of $7.20 and a twelve month high of $17.10. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.00 and a quick ratio of 1.38. The company has a market capitalization of $223.64, a price-to-earnings ratio of -46.44, a PEG ratio of 0.71 and a beta of 1.40.

Aceto (NASDAQ:ACET) last posted its quarterly earnings results on Thursday, February 1st. The company reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). The company had revenue of $171.20 million during the quarter, compared to the consensus estimate of $176.50 million. Aceto had a positive return on equity of 10.26% and a negative net margin of 0.79%. Aceto’s revenue was up 36.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.24 earnings per share. research analysts anticipate that Aceto will post 1.02 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 3.50%. The ex-dividend date is Thursday, March 8th. Aceto’s dividend payout ratio is -162.50%.

A number of large investors have recently bought and sold shares of ACET. SG Americas Securities LLC bought a new stake in Aceto during the third quarter valued at $106,000. Teacher Retirement System of Texas bought a new stake in Aceto during the fourth quarter valued at $108,000. Palisade Capital Management LLC NJ bought a new stake in Aceto during the third quarter valued at $131,000. BNP Paribas Arbitrage SA boosted its stake in Aceto by 73.4% during the third quarter. BNP Paribas Arbitrage SA now owns 14,924 shares of the company’s stock valued at $168,000 after buying an additional 6,316 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in Aceto during the third quarter valued at $190,000. 78.41% of the stock is owned by institutional investors.

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About Aceto

Aceto Corporation (Aceto) is engaged in the marketing, sales and distribution of finished dosage form generic pharmaceuticals, nutraceutical products, pharmaceutical active ingredients and intermediates, specialty performance chemicals inclusive of agricultural intermediates and agricultural protection products.

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