Amer Sports (NYSE:AS) Given New $34.00 Price Target at JPMorgan Chase & Co.

Amer Sports (NYSE:AS) had its price objective boosted by JPMorgan Chase & Co. from $33.00 to $34.00 in a report published on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

AS has been the subject of several other research reports. Citigroup increased their target price on Amer Sports from $24.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. HSBC lowered Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a research report on Monday, December 16th. Sanford C. Bernstein started coverage on Amer Sports in a research report on Thursday, February 13th. They issued an “outperform” rating and a $38.00 target price for the company. The Goldman Sachs Group increased their target price on Amer Sports from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Finally, Robert W. Baird increased their target price on Amer Sports from $24.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $31.50.

Amer Sports Trading Up 5.1 %

AS opened at $30.31 on Wednesday. The business has a 50 day simple moving average of $30.05 and a two-hundred day simple moving average of $22.48. The firm has a market capitalization of $16.56 billion and a price-to-earnings ratio of -216.51. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77. Amer Sports has a one year low of $10.11 and a one year high of $34.00.

Amer Sports (NYSE:AS) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.60 billion. The business’s revenue was up 23.2% compared to the same quarter last year. Analysts predict that Amer Sports will post 0.46 EPS for the current year.

Institutional Trading of Amer Sports

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. purchased a new stake in Amer Sports during the 3rd quarter valued at $25,000. West Branch Capital LLC boosted its stake in Amer Sports by 14,285.7% during the 4th quarter. West Branch Capital LLC now owns 1,007 shares of the company’s stock valued at $28,000 after purchasing an additional 1,000 shares during the last quarter. Kieckhefer Group LLC purchased a new stake in Amer Sports during the 4th quarter valued at $42,000. Signaturefd LLC purchased a new stake in Amer Sports during the 3rd quarter valued at $49,000. Finally, GAMMA Investing LLC boosted its stake in Amer Sports by 61.8% during the 4th quarter. GAMMA Investing LLC now owns 1,942 shares of the company’s stock valued at $54,000 after purchasing an additional 742 shares during the last quarter. Hedge funds and other institutional investors own 40.25% of the company’s stock.

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.