JPMorgan Chase & Co. Issues Pessimistic Forecast for Amer Sports (NYSE:AS) Stock Price

Amer Sports (NYSE:AS) had its target price dropped by stock analysts at JPMorgan Chase & Co. from $53.00 to $50.00 in a report released on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 64.53% from the stock’s current price.

Other research analysts also recently issued research reports about the company. The Goldman Sachs Group upped their price objective on Amer Sports from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Truist Financial started coverage on shares of Amer Sports in a research report on Monday, October 27th. They set a “buy” rating and a $42.00 price target for the company. Hsbc Global Res raised shares of Amer Sports from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 27th. Citigroup reissued a “buy” rating on shares of Amer Sports in a research report on Thursday, October 30th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Amer Sports in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.21.

Amer Sports Trading Down 0.1%

Shares of AS stock opened at $30.39 on Monday. 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 company has a market capitalization of $16.83 billion, a price-to-earnings ratio of 74.28, a PEG ratio of 0.97 and a beta of 2.98. Amer Sports has a 52-week low of $18.56 and a 52-week high of $42.36. The company has a 50-day simple moving average of $33.21 and a two-hundred day simple moving average of $35.40.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. boosted its holdings in shares of Amer Sports by 146.4% in the second quarter. SBI Securities Co. Ltd. now owns 897 shares of the company’s stock worth $35,000 after acquiring an additional 533 shares during the period. Financial Consulate Inc. purchased a new stake in shares of Amer Sports in the third quarter worth about $40,000. PNC Financial Services Group Inc. grew its stake in Amer Sports by 241.6% during the third quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock valued at $42,000 after acquiring an additional 848 shares in the last quarter. Pacer Advisors Inc. bought a new stake in Amer Sports during the 3rd quarter worth approximately $44,000. Finally, Quarry LP purchased a new stake in Amer Sports in the 1st quarter worth approximately $34,000. 40.25% of the stock is currently owned by hedge funds and other institutional investors.

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.