Analysts Set Amer Sports, Inc. (NYSE:AS) Price Target at $32.64

Amer Sports, Inc. (NYSE:AS - Get Free Report) has earned a consensus rating of "Moderate Buy" from the thirteen analysts that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $32.64.

A number of analysts recently issued reports on AS shares. Robert W. Baird boosted their price objective on Amer Sports from $24.00 to $30.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. UBS Group upped their price target on Amer Sports from $37.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Evercore ISI raised their price objective on shares of Amer Sports from $26.00 to $30.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. TD Cowen upped their target price on shares of Amer Sports from $29.00 to $33.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group raised their price target on shares of Amer Sports from $28.00 to $31.00 and gave the company a "buy" rating in a report on Wednesday, January 8th.

Amer Sports Stock Performance

NYSE:AS traded down $0.88 on Tuesday, reaching $23.69. 9,197,332 shares of the company's stock were exchanged, compared to its average volume of 2,362,653. The firm has a market cap of $13.12 billion and a price-to-earnings ratio of -169.23. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77. The stock has a fifty day simple moving average of $29.19 and a 200-day simple moving average of $25.18. Amer Sports has a 52 week low of $10.11 and a 52 week high of $34.00.

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Amer Sports (NYSE:AS - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.60 billion. The firm's revenue for the quarter was up 23.2% on a year-over-year basis. As a group, sell-side analysts predict that Amer Sports will post 0.46 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. FMR LLC grew its holdings in shares of Amer Sports by 71.2% during the 3rd quarter. FMR LLC now owns 7,533,007 shares of the company's stock valued at $120,151,000 after purchasing an additional 3,133,312 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Amer Sports by 734.8% during the third quarter. BNP Paribas Financial Markets now owns 80,760 shares of the company's stock valued at $1,288,000 after buying an additional 71,086 shares during the last quarter. Walleye Capital LLC bought a new position in shares of Amer Sports during the third quarter valued at about $274,000. Verition Fund Management LLC purchased a new position in shares of Amer Sports in the third quarter worth about $301,000. Finally, Polymer Capital Management HK LTD lifted its stake in shares of Amer Sports by 236.1% in the 3rd quarter. Polymer Capital Management HK LTD now owns 438,966 shares of the company's stock valued at $7,002,000 after acquiring an additional 308,376 shares during the last quarter. 40.25% of the stock is owned by hedge funds and other institutional investors.

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.