Amer Sports, Inc. (NYSE:AS) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Amer Sports, Inc. (NYSE:AS - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the sixteen analysts that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $37.81.

Several research firms have recently commented on AS. Morgan Stanley raised their price objective on shares of Amer Sports from $28.00 to $33.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 21st. TD Securities raised their price target on shares of Amer Sports from $30.00 to $41.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. KGI Securities set a $44.30 price objective on Amer Sports and gave the stock an "outperform" rating in a research report on Wednesday, June 25th. Piper Sandler started coverage on Amer Sports in a research note on Thursday, June 26th. They issued an "overweight" rating and a $45.00 price objective on the stock. Finally, Citigroup reissued a "buy" rating and set a $42.00 target price (up from $30.00) on shares of Amer Sports in a research note on Wednesday, May 21st.

Amer Sports Trading Up 0.0%

Shares of AS traded up $0.01 during midday trading on Thursday, hitting $38.15. 1,871,847 shares of the stock were exchanged, compared to its average volume of 3,176,126. Amer Sports has a 52-week low of $10.11 and a 52-week high of $40.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.80 and a current ratio of 1.66. The stock has a fifty day simple moving average of $35.62 and a 200 day simple moving average of $30.53. The firm has a market cap of $21.13 billion, a P/E ratio of 103.11, a P/E/G ratio of 1.56 and a beta of 3.36.

Amer Sports (NYSE:AS - Get Free Report) last posted its earnings results on Tuesday, May 20th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.12. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.38 billion. Amer Sports had a return on equity of 7.21% and a net margin of 3.70%. Amer Sports's revenue was up 24.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 EPS. On average, research analysts anticipate that Amer Sports will post 0.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Amer Sports

Several hedge funds have recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in shares of Amer Sports by 250.7% in the fourth quarter. FMR LLC now owns 26,414,511 shares of the company's stock valued at $738,550,000 after buying an additional 18,881,504 shares during the last quarter. Brilliance Asset Management Ltd. grew its holdings in shares of Amer Sports by 5.1% in the 4th quarter. Brilliance Asset Management Ltd. now owns 4,073,061 shares of the company's stock worth $113,883,000 after acquiring an additional 196,380 shares during the period. Candlestick Capital Management LP increased its position in shares of Amer Sports by 1.7% in the fourth quarter. Candlestick Capital Management LP now owns 3,864,510 shares of the company's stock valued at $108,052,000 after buying an additional 63,078 shares in the last quarter. Marshall Wace LLP raised its position in Amer Sports by 262.5% during the fourth quarter. Marshall Wace LLP now owns 3,316,167 shares of the company's stock worth $92,720,000 after acquiring an additional 2,401,302 shares during the last quarter. Finally, Junto Capital Management LP purchased a new stake in Amer Sports in the 4th quarter valued at approximately $66,793,000. 40.25% of the stock is currently 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.