Amer Sports (NYSE:AS – Free Report) had its price target reduced by Wells Fargo & Company from $19.00 to $17.00 in a research note published on Thursday, Benzinga reports. They currently have an overweight rating on the stock.
A number of other equities research analysts have also issued reports on the stock. UBS Group initiated coverage on shares of Amer Sports in a report on Monday, February 26th. They set a buy rating and a $23.00 target price for the company. HSBC began coverage on Amer Sports in a research note on Monday, February 26th. They set a hold rating and a $16.00 price target for the company. Bank of America boosted their target price on Amer Sports from $18.00 to $19.00 and gave the stock a buy rating in a research report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft assumed coverage on Amer Sports in a report on Monday, February 26th. They set a buy rating and a $20.00 target price on the stock. Finally, JPMorgan Chase & Co. began coverage on Amer Sports in a report on Monday, February 26th. They issued an overweight rating and a $19.00 price target for the company. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $18.86.
Check Out Our Latest Stock Analysis on Amer Sports
Amer Sports Price Performance
Amer Sports (NYSE:AS – Get Free Report) last released its earnings results on Tuesday, March 5th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.07). The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.31 billion. On average, equities research analysts predict that Amer Sports will post 0.42 EPS for the current year.
Hedge Funds Weigh In On Amer Sports
An institutional investor recently bought a new position in Amer Sports stock. SYSTM Wealth Solutions LLC purchased a new position in shares of Amer Sports, Inc. (NYSE:AS – Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,591 shares of the company’s stock, valued at approximately $319,000. Institutional investors and hedge funds 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.
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