Amer Sports, Inc. (NYSE:AS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Amer Sports, Inc. (NYSE:AS) has received a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $32.64.

Several research firms recently commented on AS. Citigroup boosted their price objective on shares of Amer Sports from $24.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Hsbc Global Res cut Amer Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 16th. Wells Fargo & Company raised their price objective on Amer Sports from $25.00 to $28.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Morgan Stanley boosted their target price on Amer Sports from $19.00 to $27.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Finally, UBS Group raised their price target on Amer Sports from $37.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, February 26th.

Amer Sports Stock Down 3.6 %

AS stock opened at $23.69 on Tuesday. The company has a market capitalization 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 quick ratio of 0.77 and a current ratio of 1.62. The business’s 50 day moving average price is $29.19 and its two-hundred day moving average price is $25.18. Amer Sports has a fifty-two week low of $10.11 and a fifty-two week high of $34.00.

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

Institutional Investors Weigh In On Amer Sports

Several large investors have recently bought and sold shares of AS. BNP Paribas Financial Markets boosted its holdings in shares of Amer Sports by 734.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 80,760 shares of the company’s stock valued at $1,288,000 after acquiring an additional 71,086 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Amer Sports during the third quarter valued at approximately $609,000. Public Employees Retirement System of Ohio bought a new position in Amer Sports during the third quarter valued at approximately $337,000. Element Capital Management LLC purchased a new stake in Amer Sports in the fourth quarter worth approximately $357,000. Finally, State Street Corp grew its position in Amer Sports by 65.1% in the 3rd quarter. State Street Corp now owns 884,526 shares of the company’s stock worth $14,108,000 after purchasing an additional 348,877 shares during the period. 40.25% of the stock is currently owned by 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.