Amer Sports (NYSE:AS) Price Target Raised to $53.00 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. raised its price target for Amer Sports from $46.00 to $53.00, indicating a potential upside of 39.41% from its current stock price.
• Amer Sports' stock recently traded at $38.02, reflecting a 0.4% increase and having shown significant year-over-year growth with a 23.4% revenue rise.
• Several research analysts have varying ratings on the stock, with two analysts suggesting a Strong Buy, while the overall consensus is a "Moderate Buy" with a target price of $42.15.

Amer Sports (NYSE:AS - Get Free Report) had its price target raised by equities research analysts at JPMorgan Chase & Co. from $46.00 to $53.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 50.81% from the company's current price.

A number of other analysts have also recently weighed in on the stock. Wall Street Zen raised shares of Amer Sports from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Zacks Research cut shares of Amer Sports from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 28th. Bank of America boosted their price objective on Amer Sports from $45.00 to $46.00 and gave the stock a "buy" rating in a research report on Friday. Piper Sandler initiated coverage on Amer Sports in a research report on Thursday, June 26th. They set an "overweight" rating and a $45.00 price objective for the company. Finally, HSBC set a $50.00 target price on Amer Sports and gave the company a "buy" rating in a research note on Tuesday, August 26th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $43.49.

Amer Sports Stock Performance

AS traded down $0.13 on Friday, hitting $35.14. 1,408,717 shares of the company's stock were exchanged, compared to its average volume of 4,084,620. The firm has a market cap of $19.46 billion, a PE ratio of 85.73, a P/E/G ratio of 1.23 and a beta of 3.30. Amer Sports has a twelve month low of $15.00 and a twelve month high of $42.36. The stock has a fifty day moving average of $38.03 and a two-hundred day moving average of $33.40. The company has a current ratio of 1.60, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24.

Amer Sports (NYSE:AS - Get Free Report) last posted its earnings results on Tuesday, August 19th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. Amer Sports had a return on equity of 6.87% and a net margin of 3.93%.The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the company earned $0.05 earnings per share. The business's revenue was up 23.4% compared to the same quarter last year. Amer Sports has set its FY 2025 guidance at 0.770-0.820 EPS. Q3 2025 guidance at 0.200-0.220 EPS. On average, research analysts anticipate that Amer Sports will post 0.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Amer Sports

Several institutional investors have recently made changes to their positions in AS. SBI Securities Co. Ltd. raised its position in Amer Sports by 146.4% during the second quarter. SBI Securities Co. Ltd. now owns 897 shares of the company's stock valued at $35,000 after acquiring an additional 533 shares in the last quarter. Quarry LP bought a new stake in Amer Sports in the first quarter worth $34,000. Smartleaf Asset Management LLC boosted its holdings in Amer Sports by 174.3% in the second quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company's stock worth $63,000 after purchasing an additional 1,011 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Amer Sports by 17.4% in the second quarter. GAMMA Investing LLC now owns 2,614 shares of the company's stock worth $101,000 after buying an additional 387 shares during the last quarter. Finally, Hollencrest Capital Management acquired a new stake in shares of Amer Sports in the second quarter worth about $102,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.

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.