BidaskClub lowered shares of Aceto (NASDAQ:ACET) from a sell rating to a strong sell rating in a report published on Friday morning.
A number of other brokerages also recently weighed in on ACET. Canaccord Genuity set a $15.00 price objective on Aceto and gave the company a buy rating in a research report on Monday, October 30th. Zacks Investment Research downgraded Aceto from a hold rating to a strong sell rating in a report on Thursday, November 9th. Finally, ValuEngine raised Aceto from a hold rating to a buy rating in a report on Wednesday, September 13th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $15.00.
Shares of Aceto (ACET) traded up $0.24 during mid-day trading on Friday, reaching $10.73. The company had a trading volume of 1,010,000 shares, compared to its average volume of 414,618. Aceto has a 12 month low of $8.29 and a 12 month high of $22.46. The company has a market capitalization of $334.39, a P/E ratio of 8.79, a P/E/G ratio of 0.99 and a beta of 1.38. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.46 and a current ratio of 2.06.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Monday, December 18th will be issued a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 2.42%. The ex-dividend date is Friday, December 15th. Aceto’s dividend payout ratio is presently 123.81%.
Several large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Aceto by 5.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,530,011 shares of the company’s stock worth $39,089,000 after purchasing an additional 133,773 shares during the last quarter. Northern Trust Corp raised its stake in shares of Aceto by 18.2% in the second quarter. Northern Trust Corp now owns 1,556,429 shares of the company’s stock worth $24,047,000 after purchasing an additional 239,212 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Aceto by 14.1% in the second quarter. Vanguard Group Inc. now owns 1,545,990 shares of the company’s stock worth $23,887,000 after purchasing an additional 191,584 shares during the last quarter. Deprince Race & Zollo Inc. raised its stake in shares of Aceto by 2.7% in the second quarter. Deprince Race & Zollo Inc. now owns 1,288,994 shares of the company’s stock worth $19,915,000 after purchasing an additional 34,447 shares during the last quarter. Finally, Royce & Associates LP raised its stake in shares of Aceto by 537.8% in the third quarter. Royce & Associates LP now owns 934,943 shares of the company’s stock worth $10,499,000 after purchasing an additional 788,343 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Aceto (ACET) Lowered to Strong Sell at BidaskClub” was originally posted by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://www.com-unik.info/2017/12/16/aceto-acet-lowered-to-strong-sell-at-bidaskclub.html.
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.
What are top analysts saying about Aceto? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Aceto and related companies.