JPMorgan Chase & Co. Cuts Amer Sports (NYSE:AS) Price Target to $50.00

Amer Sports (NYSE:AS) had its price objective lowered by JPMorgan Chase & Co. from $53.00 to $50.00 in a research report released on Monday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other research analysts also recently issued research reports about the stock. Robert W. Baird lifted their target price on shares of Amer Sports from $45.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, September 19th. Wall Street Zen lowered Amer Sports from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of Amer Sports in a research report on Wednesday, October 8th. Truist Financial began coverage on Amer Sports in a report on Monday, October 27th. They issued a “buy” rating and a $42.00 target price on the stock. Finally, UBS Group lifted their price target on Amer Sports from $50.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $44.06.

Amer Sports Stock Up 4.1%

AS opened at $34.74 on Monday. The firm has a market cap of $19.24 billion, a P/E ratio of 63.17, a price-to-earnings-growth ratio of 0.99 and a beta of 2.97. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 1.60. The business has a 50 day moving average price of $32.99 and a 200 day moving average price of $35.50. Amer Sports has a twelve month low of $20.21 and a twelve month high of $42.36.

Amer Sports (NYSE:AS) last released its quarterly earnings results on Tuesday, November 18th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. Amer Sports had a net margin of 5.10% and a return on equity of 8.68%. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the firm posted $0.14 earnings per share. The company’s quarterly revenue was up 29.7% compared to the same quarter last year. Amer Sports has set its FY 2025 guidance at 0.880-0.920 EPS. Research analysts forecast that Amer Sports will post 0.46 EPS for the current year.

Institutional Trading of Amer Sports

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citigroup Inc. raised its holdings in Amer Sports by 1,402.2% during the 1st quarter. Citigroup Inc. now owns 441,628 shares of the company’s stock worth $11,805,000 after purchasing an additional 412,229 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Amer Sports by 25.9% in the 1st quarter. Deutsche Bank AG now owns 1,160,491 shares of the company’s stock valued at $31,020,000 after purchasing an additional 238,937 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of Amer Sports during the 1st quarter worth approximately $995,000. Exchange Traded Concepts LLC acquired a new stake in shares of Amer Sports during the 2nd quarter worth approximately $6,032,000. Finally, Mitchell Capital Management Co. bought a new stake in shares of Amer Sports during the second quarter worth approximately $2,285,000. 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.