Amer Sports (NYSE:AS) Given New $23.00 Price Target at TD Cowen

Amer Sports (NYSE:AS) had its target price hoisted by TD Cowen from $21.00 to $23.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also weighed in on AS. Citigroup boosted their price objective on shares of Amer Sports from $19.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. UBS Group upped their price target on shares of Amer Sports from $19.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. upped their price target on shares of Amer Sports from $19.00 to $26.00 and gave the stock an “overweight” rating in a research report on Wednesday. Morgan Stanley boosted their price objective on shares of Amer Sports from $15.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Wells Fargo & Company downgraded shares of Amer Sports from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $17.00 to $19.00 in a research note on Monday, October 14th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned 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.

Amer Sports Trading Up 2.6 %

Shares of AS opened at $24.30 on Wednesday. The company has a current ratio of 1.87, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The firm’s 50-day moving average is $17.91 and its two-hundred day moving average is $14.92. Amer Sports has a twelve month low of $10.11 and a twelve month high of $24.60. The firm has a market capitalization of $12.28 billion and a P/E ratio of -169.91.

Amer Sports (NYSE:AS) 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 firm had revenue of $993.80 million for the quarter, compared to analysts’ expectations of $947.59 million. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, research analysts predict that Amer Sports will post 0.44 earnings per share for the current fiscal year.

Institutional Trading of Amer Sports

Large investors have recently modified their holdings of the company. Signaturefd LLC bought a new position in Amer Sports in the 3rd quarter valued at about $49,000. Quarry LP bought a new position in shares of Amer Sports during the 3rd quarter valued at about $61,000. CWM LLC acquired a new position in shares of Amer Sports in the third quarter worth about $73,000. Dnca Finance acquired a new position in shares of Amer Sports in the second quarter worth about $81,000. Finally, Amalgamated Bank acquired a new position in shares of Amer Sports in the second quarter worth about $83,000. Institutional investors and hedge funds own 40.25% of the company’s stock.

About Amer Sports

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.