Amer Sports, Inc. (NYSE:AS) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Amer Sports, Inc. (NYSE:AS - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the fourteen research firms that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $18.79.

A number of equities research analysts have issued reports on the company. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $16.00 target price (down previously from $18.50) on shares of Amer Sports in a research report on Monday, April 8th. Bank of America raised their target price on shares of Amer Sports from $18.00 to $19.00 and gave the company a "buy" rating in a research note on Wednesday, March 6th. Morgan Stanley cut their target price on shares of Amer Sports from $16.00 to $15.00 and set an "equal weight" rating for the company in a research report on Thursday, May 23rd. Finally, Wells Fargo & Company lowered their price target on Amer Sports from $19.00 to $17.00 and set an "overweight" rating on the stock in a research report on Thursday, April 25th.

Institutional Trading of Amer Sports

A number of institutional investors and hedge funds have recently modified their holdings of the company. SYSTM Wealth Solutions LLC acquired a new position in Amer Sports in the first quarter worth about $319,000. Quadrature Capital Ltd acquired a new position in shares of Amer Sports in the 1st quarter worth approximately $390,000. Sandia Investment Management LP bought a new position in shares of Amer Sports during the 1st quarter worth approximately $425,000. Tocqueville Asset Management L.P. bought a new position in shares of Amer Sports during the 1st quarter worth approximately $813,000. Finally, Sei Investments Co. acquired a new stake in Amer Sports in the 1st quarter valued at $968,000. 40.25% of the stock is currently owned by institutional investors.

Amer Sports Stock Performance

Shares of AS traded down $0.53 during mid-day trading on Friday, hitting $12.57. 9,482,488 shares of the company's stock were exchanged, compared to its average volume of 927,432. The firm's fifty day simple moving average is $14.68. The company has a quick ratio of 0.97, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. Amer Sports has a twelve month low of $12.54 and a twelve month high of $18.23.

Amer Sports (NYSE:AS - Get Free Report) last posted its earnings results on Tuesday, May 21st. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.13 billion. Amer Sports's revenue for the quarter was up 12.6% compared to the same quarter last year. Equities analysts expect that Amer Sports will post 0.4 EPS for the current fiscal year.

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.