2 days Ago By ABMN Staff
Amer Sports ( NYSE:AS – Free Report ) had its price target raised by JPMorgan Chase & Co. from $19.00 to $26.
00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an overweight rating on the stock. A number of other brokerages have also recently commented on AS.
Nomura Securities upgraded Amer Sports to a “strong-buy” rating in a report on Tuesday, September 24th. Citigroup increased their price target on Amer Sports from $19.00 to $24.
00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group increased their price target on Amer Sports from $19.00 to $21.
00 and gave the company a “buy” rating in a research report on Monday, October 21st. Evercore ISI reaffirmed an “outperform” rating and issued a $21.00 price target on shares of Amer Sports in a research report on Wednesday, August 21st.
Finally, Wells Fargo & Company lowered Amer Sports from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $17.00 to $19.00 in a research report on Monday, October 14th.
Four investment 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.43.
View Our Latest Research Report on AS Amer Sports Stock Performance Amer Sports ( NYSE:AS – Get Free Report ) last announced its earnings results on Tuesday, August 20th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.
06) by $0.11. Amer Sports had a positive return on equity of 3.
59% and a negative net margin of 0.74%. The company had revenue of $993.
80 million during the quarter, compared to analysts’ expectations of $947.59 million. Amer Sports’s revenue for the quarter was up 16.
0% compared to the same quarter last year. Equities analysts anticipate that Amer Sports will post 0.44 earnings per share for the current year.
Institutional Investors Weigh In On Amer Sports Several hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in shares of Amer Sports during the 3rd quarter worth about $167,000. Public Employees Retirement System of Ohio acquired a new position in Amer Sports during the third quarter worth approximately $337,000.
Y Intercept Hong Kong Ltd acquired a new position in Amer Sports during the third quarter worth approximately $467,000. XTX Topco Ltd acquired a new position in Amer Sports during the third quarter worth approximately $609,000. Finally, Weiss Asset Management LP acquired a new position in Amer Sports during the third quarter worth approximately $1,761,000.
Institutional investors and hedge funds 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. See Also Receive News & Ratings for Amer Sports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amer Sports and related companies with MarketBeat.com's FREE daily email newsletter .
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