TD Cowen Issues Positive Forecast for Amer Sports (NYSE:AS) Stock Price

Amer Sports (NYSE:AS) had its target price lifted by TD Cowen from $21.00 to $23.00 in a research report sent to investors on Wednesday,Benzinga reports. TD Cowen currently has a buy rating on the stock.

Other research analysts have also issued reports about the company. Morgan Stanley lifted their price objective on Amer Sports from $15.00 to $19.00 and gave the company an “equal weight” rating in a report on Wednesday. Citigroup lifted their price target on shares of Amer Sports from $19.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Robert W. Baird upped their price objective on shares of Amer Sports from $20.00 to $24.00 and gave the stock an “outperform” rating in a research note on Wednesday. Evercore ISI reiterated an “outperform” rating and issued a $21.00 target price on shares of Amer Sports in a research note on Wednesday, August 21st. Finally, The Goldman Sachs Group increased their price target on Amer Sports from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.43.

Amer Sports Price Performance

Shares of Amer Sports stock opened at $20.94 on Wednesday. The firm’s 50-day simple moving average is $17.57 and its 200-day simple moving average is $14.81. Amer Sports has a twelve month low of $10.11 and a twelve month high of $21.69. The company has a current ratio of 1.87, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58.

Amer Sports (NYSE:AS) last released its quarterly earnings data on Tuesday, August 20th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.11. The company had revenue of $993.80 million for the quarter, compared to analyst estimates of $947.59 million. Amer Sports had a negative return on equity of 0.63% and a negative net margin of 2.79%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. Equities analysts forecast that Amer Sports will post 0.44 EPS for the current fiscal year.

Institutional Trading of Amer Sports

Institutional investors have recently bought and sold shares of the business. Signaturefd LLC acquired a new position in shares of Amer Sports during the 3rd quarter worth about $49,000. Quarry LP acquired a new position in Amer Sports during the third quarter valued at approximately $61,000. CWM LLC bought a new stake in Amer Sports in the third quarter valued at approximately $73,000. Dnca Finance acquired a new stake in Amer Sports in the second quarter worth $81,000. Finally, Amalgamated Bank acquired a new position in shares of Amer Sports in the 2nd quarter valued at $83,000. 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.