Amer Sports (NYSE:AS) Reaches New 12-Month Low at $13.10

Shares of Amer Sports, Inc. (NYSE:AS) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $13.10 and last traded at $13.58, with a volume of 278393 shares traded. The stock had previously closed at $13.35.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Amer Sports in a research note on Monday, February 26th. They set an “overweight” rating and a $19.00 target price for the company. Bank of America upped their price objective on Amer Sports from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Sanford C. Bernstein restated a “market perform” rating and set a $16.00 price target (down from $18.50) on shares of Amer Sports in a research note on Monday, April 8th. Wells Fargo & Company initiated coverage on shares of Amer Sports in a research note on Monday, February 26th. They issued an “overweight” rating and a $19.00 price objective on the stock. Finally, The Goldman Sachs Group initiated coverage on shares of Amer Sports in a report on Monday, February 26th. They issued a “buy” rating and a $21.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Amer Sports has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

Amer Sports Price Performance

The firm has a 50-day moving average of $15.49. The company has a current ratio of 1.49, a quick ratio of 0.80 and a debt-to-equity ratio of 477.02.

Amer Sports (NYSE:AS) last released its earnings results on Tuesday, March 5th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.31 billion. On average, sell-side analysts anticipate that Amer Sports, Inc. will post 0.42 EPS for the current 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.