Advanced Accelerator Application SA (NASDAQ:AAAP) has received an average recommendation of “Buy” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $63.00.

Several equities research analysts have recently commented on AAAP shares. Jefferies Group reiterated a “buy” rating and set a $60.00 price objective (up from $50.00) on shares of Advanced Accelerator Application in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of Advanced Accelerator Application from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research note on Wednesday, November 1st. JMP Securities downgraded shares of Advanced Accelerator Application from an “outperform” rating to a “market perform” rating in a research note on Monday, October 30th. Finally, J P Morgan Chase & Co cut shares of Advanced Accelerator Application from an “overweight” rating to a “neutral” rating and set a $82.00 target price for the company. in a report on Monday, November 20th.

Institutional investors have recently modified their holdings of the stock. Advisor Group Inc. raised its holdings in shares of Advanced Accelerator Application by 123.7% during the third quarter. Advisor Group Inc. now owns 1,528 shares of the company’s stock worth $103,000 after purchasing an additional 845 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Advanced Accelerator Application by 81.5% during the second quarter. Wells Fargo & Company MN now owns 4,514 shares of the company’s stock worth $177,000 after purchasing an additional 2,027 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Advanced Accelerator Application during the third quarter worth $204,000. Empirical Finance LLC purchased a new position in shares of Advanced Accelerator Application during the third quarter worth $265,000. Finally, Citadel Advisors LLC purchased a new position in shares of Advanced Accelerator Application during the third quarter worth $388,000. 39.11% of the stock is owned by hedge funds and other institutional investors.

Shares of Advanced Accelerator Application (AAAP) opened at $81.53 on Monday. Advanced Accelerator Application has a one year low of $23.50 and a one year high of $81.75.

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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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