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

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

A number of research analysts have recently issued reports on the stock. Piper Sandler assumed coverage on shares of Amer Sports in a research report on Thursday, June 26th. They issued an "overweight" rating and a $45.00 price target on the stock. Citigroup restated a "buy" rating and set a $42.00 price target (up from $30.00) on shares of Amer Sports in a research report on Wednesday, May 21st. Wall Street Zen upgraded shares of Amer Sports from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. TD Securities boosted their price target on shares of Amer Sports from $30.00 to $41.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Finally, KGI Securities set a $44.30 price target on shares of Amer Sports and gave the stock an "outperform" rating in a research report on Wednesday, June 25th.

Amer Sports Stock Down 0.9%

NYSE AS traded down $0.34 during trading hours on Thursday, reaching $38.16. 2,867,216 shares of the company traded hands, compared to its average volume of 3,168,042. Amer Sports has a 12 month low of $10.11 and a 12 month high of $40.21. The company has a current ratio of 1.66, a quick ratio of 0.80 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $21.14 billion, a PE ratio of 103.14, a PEG ratio of 1.55 and a beta of 3.36. The company has a 50 day moving average of $35.10 and a two-hundred day moving average of $30.40.

Amer Sports (NYSE:AS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.12. Amer Sports had a net margin of 3.70% and a return on equity of 7.21%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the firm posted $0.08 EPS. The firm's revenue was up 24.5% compared to the same quarter last year. As a group, equities analysts expect that Amer Sports will post 0.46 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. bought a new position in Amer Sports during the fourth quarter worth about $283,000. Proficio Capital Partners LLC acquired a new position in shares of Amer Sports in the 4th quarter valued at $618,000. Signaturefd LLC lifted its stake in shares of Amer Sports by 35.0% in the 4th quarter. Signaturefd LLC now owns 4,136 shares of the company's stock valued at $116,000 after purchasing an additional 1,073 shares during the period. OPTIMAS CAPITAL Ltd acquired a new position in shares of Amer Sports during the 4th quarter worth about $4,468,000. Finally, OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of Amer Sports in the 4th quarter valued at about $4,342,000. 40.25% of the stock is owned by hedge funds and other institutional investors.

About Amer Sports

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.