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ANTA Sports Products (ANPDF) Gets a Buy from Guotai Haitong

Tipranks - Tipranks - Sat May 16, 7:40PM CDT

Guotai Haitong analyst maintained a Buy rating on ANTA Sports Products on May 14 and set a price target of HK$100.86. The company’s shares closed yesterday at HK$77.35.

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ANTA Sports Products has an analyst consensus of Strong Buy, with a price target consensus of HK$104.96, which is a 35.69% upside from current levels. In a report released on May 13, DBS also reiterated a Buy rating on the stock with a HK$109.00 price target.

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Based on ANTA Sports Products’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of HK$40.98 billion and a net profit of HK$6.45 billion. In comparison, last year the company earned a revenue of HK$37.09 billion and had a net profit of HK$7.88 billion

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