Amer Sports, Inc. (NYSE:AS) Receives Average Rating of "Moderate Buy" from Analysts

Amer Sports, Inc. (NYSE:AS - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the thirteen research firms that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $32.64.

Several equities research analysts have recently commented on the stock. Citigroup upped their price target on shares of Amer Sports from $24.00 to $36.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Robert W. Baird raised their price target on Amer Sports from $24.00 to $30.00 and gave the company an "outperform" rating in a report on Monday, December 9th. JPMorgan Chase & Co. lifted their target price on Amer Sports from $33.00 to $34.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Sanford C. Bernstein assumed coverage on Amer Sports in a research report on Thursday, February 13th. They set an "outperform" rating and a $38.00 target price for the company. Finally, The Goldman Sachs Group boosted their price objective on 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 Down 5.1 %

NYSE AS traded down $1.38 during trading hours on Friday, reaching $25.54. 7,007,944 shares of the company's stock traded hands, compared to its average volume of 3,313,944. Amer Sports has a 52-week low of $10.11 and a 52-week high of $34.00. The firm has a 50-day simple moving average of $30.11 and a 200 day simple moving average of $23.38. The firm has a market cap of $13.95 billion and a PE ratio of -182.39. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77.

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Amer Sports (NYSE:AS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.60 billion. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The business's revenue for the quarter was up 23.2% compared to the same quarter last year. Sell-side analysts anticipate that Amer Sports will post 0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Amer Sports

Several institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. acquired a new stake in Amer Sports during the 3rd quarter worth about $25,000. West Branch Capital LLC boosted its position in Amer Sports by 14,285.7% in the fourth quarter. West Branch Capital LLC now owns 1,007 shares of the company's stock valued at $28,000 after buying an additional 1,000 shares during the last quarter. Kieckhefer Group LLC acquired a new position in Amer Sports in the 4th quarter worth approximately $42,000. GAMMA Investing LLC raised its position in Amer Sports by 61.8% during the 4th quarter. GAMMA Investing LLC now owns 1,942 shares of the company's stock worth $54,000 after buying an additional 742 shares during the last quarter. Finally, Quarry LP acquired a new stake in Amer Sports during the 3rd quarter valued at approximately $61,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.

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.