Trading Report: Today: Advanced Accelerator Applications SA (AAAP) Earns “Buy” Rating from Canaccord Genuity

Today: Advanced Accelerator Applications SA (AAAP) Earns “Buy” Rating from Canaccord Genuity

Advanced Accelerator Applications SA (NASDAQ:AAAP)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity in a research report issued to clients and investors on Monday. They currently have a $47.00 price target on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 38.60% from the company’s current price.

Several other equities analysts also recently weighed in on the stock. Wells Fargo & Co. began coverage on shares of Advanced Accelerator Applications SA in a report on Tuesday, October 18th. They set an “outperform” rating on the stock. Jefferies Group reaffirmed a “buy” rating and set a $45.00 price target on shares of Advanced Accelerator Applications SA in a report on Wednesday, October 12th. Finally, Zacks Investment Research raised shares of Advanced Accelerator Applications SA from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Tuesday, October 11th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $39.67.

Shares of Advanced Accelerator Applications SA (NASDAQ:AAAP) traded down 8.58% during midday trading on Monday, reaching $31.00. 181,705 shares of the company’s stock traded hands. The company has a 50-day moving average of $37.04 and a 200-day moving average of $33.41. The company’s market capitalization is $1.22 billion. Advanced Accelerator Applications SA has a one year low of $20.53 and a one year high of $39.66.

A number of large investors have recently made changes to their positions in the company. Royce & Associates LP acquired a new stake in shares of Advanced Accelerator Applications SA during the second quarter valued at $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 in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Advanced Accelerator Applications SA by 188.0% in the third quarter. Price T Rowe Associates Inc. MD now owns 1,450,739 shares of the company’s stock valued at $55,244,000 after buying an additional 947,069 shares in the last quarter. Baker BROS. Advisors LP acquired a new stake in shares of Advanced Accelerator Applications SA during the third quarter valued at $39,194,000. Finally, Scopia Capital Management LP acquired a new stake in shares of Advanced Accelerator Applications SA during the third quarter valued at $27,095,000. Institutional investors own 20.76% of the company’s stock.

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