Bank of America Raises Amer Sports (NYSE:AS) Price Target to $19.00

Amer Sports (NYSE:ASFree Report) had its target price hoisted by Bank of America from $18.00 to $19.00 in a report published on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Sanford C. Bernstein initiated coverage on Amer Sports in a research note on Monday, February 26th. They issued an outperform rating and a $18.50 price objective for the company. TD Cowen began coverage on Amer Sports in a research note on Monday, February 26th. They issued an outperform rating and a $18.00 price target for the company. The Goldman Sachs Group began coverage on Amer Sports in a research note on Monday, February 26th. They issued a buy rating and a $21.00 price target for the company. Citigroup began coverage on Amer Sports in a research note on Monday, February 26th. They issued a buy rating and a $19.00 price target for the company. Finally, JPMorgan Chase & Co. began coverage on Amer Sports in a research note on Monday, February 26th. They issued an overweight rating and a $19.00 price target for the company. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Amer Sports has a consensus rating of Moderate Buy and an average target price of $19.18.

Read Our Latest Stock Report on Amer Sports

Amer Sports Stock Performance

NYSE AS opened at $15.49 on Wednesday. Amer Sports has a 1-year low of $13.10 and a 1-year high of $18.23.

Amer Sports (NYSE:ASGet Free Report) last posted its quarterly earnings data on Tuesday, March 5th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.07). The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.31 billion. As a group, analysts forecast that Amer Sports will post 0.48 earnings per share for the current fiscal year.

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. The company operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.

Further Reading

Analyst Recommendations for Amer Sports (NYSE:AS)

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.