Evercore ISI Reaffirms Outperform Rating for Amer Sports (NYSE:AS)

Evercore ISI reiterated their outperform rating on shares of Amer Sports (NYSE:AS) in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $21.00 price objective on the stock.

AS has been the subject of a number of other research reports. UBS Group lifted their price target on Amer Sports from $17.00 to $19.00 and gave the company a buy rating in a research note on Wednesday. Wells Fargo & Company decreased their price target on Amer Sports from $19.00 to $17.00 and set an overweight rating for the company in a report on Thursday, April 25th. Finally, Morgan Stanley dropped their price objective on Amer Sports from $16.00 to $15.00 and set an equal weight rating on the stock in a research note on Thursday, May 23rd. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $18.50.

Amer Sports Trading Up 2.2 %

Shares of NYSE:AS opened at $14.13 on Wednesday. Amer Sports has a 52-week low of $10.11 and a 52-week high of $18.23. The business’s 50 day simple moving average is $12.16 and its two-hundred day simple moving average is $14.12. The company has a current ratio of 1.96, a quick ratio of 0.97 and a debt-to-equity ratio of 0.07.

Amer Sports (NYSE:AS) last released its quarterly earnings data on Tuesday, August 20th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.11. The business had revenue of $993.80 million for the quarter, compared to analyst estimates of $947.59 million. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, equities analysts forecast that Amer Sports will post 0.4 EPS for the current year.

Institutional Trading of Amer Sports

Large investors have recently bought and sold shares of the company. Tocqueville Asset Management L.P. purchased a new position in shares of Amer Sports in the first quarter worth about $813,000. Sei Investments Co. purchased a new stake in shares of Amer Sports during the first quarter worth $968,000. Capstone Investment Advisors LLC purchased a new stake in shares of Amer Sports during the first quarter worth $7,301,000. Quadrature Capital Ltd bought a new position in shares of Amer Sports in the first quarter worth $390,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Amer Sports in the first quarter valued at $5,705,000. 40.25% of the stock is owned by hedge funds and other 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.