The Jefferies Group Research Analysts Increase Earnings Estimates for Advanced Accelerator Applications SA (AAAP)

The Jefferies Group Research Analysts Increase Earnings Estimates for Advanced Accelerator Applications SA (AAAP)

Advanced Accelerator Applications SA (NASDAQ:AAAP) – Investment analysts at Jefferies Group increased their Q3 2016 EPS estimates for Advanced Accelerator Applications SA in a research note issued to investors on Monday. Jefferies Group analyst P. Welford now expects that the firm will post earnings per share of ($0.14) for the quarter, up from their previous estimate of ($0.23). Jefferies Group currently has a “Buy” rating and a $45.00 target price on the stock. Jefferies Group also issued estimates for Advanced Accelerator Applications SA’s Q4 2016 earnings at ($0.30) EPS, FY2016 earnings at ($0.56) EPS, FY2017 earnings at ($0.30) EPS, FY2018 earnings at $0.84 EPS, FY2019 earnings at $2.26 EPS and FY2020 earnings at $4.74 EPS.

Advanced Accelerator Applications SA (NASDAQ:AAAP) last issued its quarterly earnings results on Wednesday, August 31st. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.05. Advanced Accelerator Applications SA had a negative net margin of 12.87% and a negative return on equity of 8.50%.

Separately, Zacks Investment Research upgraded Advanced Accelerator Applications SA from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Tuesday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Advanced Accelerator Applications SA presently has a consensus rating of “Buy” and an average target price of $37.95.

Shares of Advanced Accelerator Applications SA (NASDAQ:AAAP) opened at 38.10 on Wednesday. The company’s market capitalization is $1.50 billion. Advanced Accelerator Applications SA has a 12 month low of $18.00 and a 12 month high of $39.66. The firm has a 50-day moving average of $36.57 and a 200 day moving average of $32.96.

A number of hedge funds have recently made changes to their positions in AAAP. Lazard Asset Management LLC acquired a new stake in shares of Advanced Accelerator Applications SA during the first quarter valued at approximately $276,000. United Services Automobile Association boosted its stake in shares of Advanced Accelerator Applications SA by 60.4% in the second quarter. United Services Automobile Association now owns 12,673 shares of the company’s stock valued at $383,000 after buying an additional 4,771 shares during the last quarter. Royce & Associates LP acquired a new stake in shares of Advanced Accelerator Applications SA during the second quarter valued at approximately $454,000. Alps Advisors Inc. boosted its stake in shares of Advanced Accelerator Applications SA by 27.2% in the second quarter. Alps Advisors Inc. now owns 55,178 shares of the company’s stock valued at $1,668,000 after buying an additional 11,796 shares during the last quarter. Finally, Vivo Capital LLC acquired a new stake in shares of Advanced Accelerator Applications SA during the first quarter valued at approximately $15,962,000. Hedge funds and other institutional investors own 16.28% of the company’s stock.

Advanced Accelerator Applications SA Company Profile

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