JPMorgan Chase & Co. Boosts Amer Sports (NYSE:AS) Price Target to $26.00

Amer Sports (NYSE:AS) had its price target raised by JPMorgan Chase & Co. from $19.00 to $26.00 in a research report released on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities analysts also recently issued reports on AS. Citigroup increased their price target on shares of Amer Sports from $19.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Wells Fargo & Company lowered Amer Sports from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $17.00 to $19.00 in a research report on Monday, October 14th. TD Cowen increased their price target on shares of Amer Sports from $17.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group boosted their price objective on shares of Amer Sports from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $21.00 target price on shares of Amer Sports in a research note on Wednesday, August 21st. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amer Sports has an average rating of “Moderate Buy” and a consensus price target of $21.43.

Amer Sports Price Performance

AS opened at $20.94 on Wednesday. The company has a current ratio of 1.87, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The stock has a 50-day moving average price of $17.57 and a 200-day moving average price of $14.81. Amer Sports has a 12-month low of $10.11 and a 12-month high of $21.69.

Amer Sports (NYSE:AS) last announced its quarterly earnings data on Tuesday, August 20th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.11. Amer Sports had a negative return on equity of 0.63% and a negative net margin of 2.79%. The firm had revenue of $993.80 million during the quarter, compared to the consensus estimate of $947.59 million. The business’s revenue was up 16.0% compared to the same quarter last year. As a group, equities analysts expect that Amer Sports will post 0.44 EPS for the current year.

Institutional Trading of Amer Sports

Several large investors have recently added to or reduced their stakes in the business. Signaturefd LLC bought a new stake in shares of Amer Sports during the 3rd quarter valued at $49,000. Quarry LP bought a new position in shares of Amer Sports in the third quarter worth about $61,000. CWM LLC purchased a new position in shares of Amer Sports during the 3rd quarter valued at about $73,000. Dnca Finance bought a new position in shares of Amer Sports during the 2nd quarter valued at approximately $81,000. Finally, Amalgamated Bank purchased a new stake in Amer Sports in the 2nd quarter worth approximately $83,000. 40.25% of the stock is currently owned by institutional investors.

Amer Sports Company Profile

Amer Sports, Inc designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, China, and the Asia Pacific. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.