Amer Sports, Inc. (NYSE:AS) Receives $18.86 Average Price Target from Analysts

Amer Sports, Inc. (NYSE:AS - Get Free Report) has been given an average rating of "Moderate Buy" by the fifteen brokerages that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $18.86.

A number of research firms recently weighed in on AS. TD Cowen increased their price objective on shares of Amer Sports from $17.00 to $21.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. UBS Group increased their price target on Amer Sports from $17.00 to $19.00 and gave the stock a "buy" rating in a report on Wednesday, August 21st. Evercore ISI restated an "outperform" rating and set a $21.00 price objective on shares of Amer Sports in a report on Wednesday, August 21st. Nomura Securities upgraded Amer Sports to a "strong-buy" rating in a research note on Tuesday, September 24th. Finally, The Goldman Sachs Group boosted their target price on shares of Amer Sports from $19.00 to $21.00 and gave the company a "buy" rating in a research note on Monday, October 21st.

Institutional Investors Weigh In On Amer Sports

A number of hedge funds have recently made changes to their positions in the stock. Signaturefd LLC purchased a new stake in Amer Sports during the third quarter valued at approximately $49,000. CWM LLC purchased a new stake in shares of Amer Sports during the 3rd quarter valued at $73,000. Dnca Finance acquired a new stake in shares of Amer Sports in the 2nd quarter worth $81,000. Amalgamated Bank purchased a new position in Amer Sports during the 2nd quarter worth $83,000. Finally, Sei Investments Co. increased its position in Amer Sports by 23.1% during the 2nd quarter. Sei Investments Co. now owns 73,141 shares of the company's stock valued at $919,000 after buying an additional 13,748 shares in the last quarter. 40.25% of the stock is currently owned by hedge funds and other institutional investors.

Amer Sports Stock Down 0.2 %

Shares of NYSE:AS traded down $0.03 during trading on Friday, reaching $17.82. The company's stock had a trading volume of 1,224,694 shares, compared to its average volume of 1,665,268. Amer Sports has a 12 month low of $10.11 and a 12 month high of $19.73. The company has a quick ratio of 0.81, a current ratio of 1.87 and a debt-to-equity ratio of 0.58. The firm's 50 day simple moving average is $16.23 and its two-hundred day simple moving average is $14.36.

Amer Sports (NYSE:AS - Get Free Report) last announced its earnings results on Tuesday, August 20th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of ($0.06) by $0.11. The firm had revenue of $993.80 million during the quarter, compared to analysts' expectations of $947.59 million. Amer Sports had a negative return on equity of 0.63% and a negative net margin of 2.79%. The business's revenue for the quarter was up 16.0% on a year-over-year basis. Sell-side analysts expect that Amer Sports will post 0.44 earnings per share for the current fiscal year.

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.