JMP Securities lowered shares of Advanced Accelerator Applications S.A. (NASDAQ:AAAP) from an outperform rating to a market perform rating in a research note published on Monday.

AAAP has been the topic of several other research reports. Zacks Investment Research cut shares of Advanced Accelerator Applications from a buy rating to a hold rating in a research report on Tuesday, August 1st. BidaskClub raised shares of Advanced Accelerator Applications from a hold rating to a buy rating in a report on Thursday, August 3rd. Canaccord Genuity set a $47.00 target price on shares of Advanced Accelerator Applications and gave the company a buy rating in a report on Thursday, July 27th. Finally, Jefferies Group LLC reaffirmed a buy rating and set a $60.00 target price (up previously from $50.00) on shares of Advanced Accelerator Applications in a report on Friday, September 1st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $54.00.

Shares of Advanced Accelerator Applications (NASDAQ AAAP) traded up 0.67% during midday trading on Monday, reaching $81.04. 5,992,657 shares of the company traded hands. Advanced Accelerator Applications has a 12-month low of $23.50 and a 12-month high of $81.17.

Advanced Accelerator Applications (NASDAQ:AAAP) last released its earnings results on Thursday, August 31st. The company reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.01). Advanced Accelerator Applications had a negative net margin of 33.83% and a negative return on equity of 16.05%. The company had revenue of $40.14 million for the quarter, compared to the consensus estimate of $36.74 million. On average, equities research analysts expect that Advanced Accelerator Applications will post ($0.99) EPS for the current year.

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Several hedge funds have recently made changes to their positions in AAAP. JPMorgan Chase & Co. bought a new stake in Advanced Accelerator Applications during the first quarter valued at approximately $160,000. Geode Capital Management LLC lifted its holdings in shares of Advanced Accelerator Applications by 32.6% in the first quarter. Geode Capital Management LLC now owns 22,095 shares of the company’s stock worth $880,000 after buying an additional 5,438 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Advanced Accelerator Applications by 2,208.1% in the first quarter. Morgan Stanley now owns 72,358 shares of the company’s stock worth $2,884,000 after buying an additional 69,223 shares in the last quarter. KCG Holdings Inc. purchased a new position in shares of Advanced Accelerator Applications in the first quarter worth $338,000. Finally, Clearbridge Investments LLC purchased a new position in shares of Advanced Accelerator Applications in the first quarter worth $3,471,000. Hedge funds and other institutional investors own 37.53% of the company’s stock.

About Advanced Accelerator Applications

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.

Analyst Recommendations for Advanced Accelerator Applications (NASDAQ:AAAP)

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