2 days Ago By ABMN Staff
Amer Sports ( NYSE:AS – Free Report ) had its price objective upped by Morgan Stanley from $15.00 to $19.00 in a report published on Wednesday morning, Benzinga reports.
They currently have an equal weight rating on the stock. Other equities research analysts have also issued reports about the stock. UBS Group upped their price target on shares of Amer Sports from $19.
00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co.
upped their target price on shares of Amer Sports from $19.00 to $26.00 and gave the stock an “overweight” rating in a research report on Wednesday.
The Goldman Sachs Group upped their target price on shares of Amer Sports from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, October 21st.
Wells Fargo & Company downgraded shares of Amer Sports from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $17.00 to $19.00 in a research report on Monday, October 14th.
Finally, Nomura Securities raised shares of Amer Sports to a “strong-buy” rating in a research report on Tuesday, September 24th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.
com, Amer Sports currently has an average rating of “Moderate Buy” and an average target price of $21.43. Read Our Latest Stock Report on AS Amer Sports Price Performance Amer Sports ( NYSE:AS – Get Free Report ) last announced its quarterly earnings data on Tuesday, August 20th.
The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.
11. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.
59%. The company had revenue of $993.80 million during the quarter, compared to analysts’ expectations of $947.
59 million. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year.
On average, analysts predict that Amer Sports will post 0.44 EPS for the current fiscal year. Institutional Trading of Amer Sports A number of institutional investors have recently made changes to their positions in the stock.
Virtu Financial LLC purchased a new stake in shares of Amer Sports during the 3rd quarter valued at about $167,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Amer Sports during the 3rd quarter valued at about $337,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Amer Sports during the 3rd quarter valued at about $467,000.
XTX Topco Ltd purchased a new stake in shares of Amer Sports during the 3rd quarter valued at about $609,000. Finally, Weiss Asset Management LP purchased a new stake in shares of Amer Sports during the 3rd quarter valued at about $1,761,000. Hedge funds and other institutional investors own 40.
25% of the company’s stock. About Amer Sports ( Get Free Report ) 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.
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