Amer Sports, Inc. (NYSE:AS - Get Free Report) has received a consensus rating of "Moderate Buy" from the sixteen research firms that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $37.81.
A number of brokerages have commented on AS. The Goldman Sachs Group boosted their price objective on shares of Amer Sports from $28.00 to $44.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Citigroup reissued a "buy" rating and issued a $42.00 price target (up previously from $30.00) on shares of Amer Sports in a report on Wednesday, May 21st. Wells Fargo & Company set a $35.00 price objective on Amer Sports and gave the company an "equal weight" rating in a research note on Wednesday, May 21st. TD Securities increased their target price on Amer Sports from $30.00 to $41.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Finally, Piper Sandler assumed coverage on shares of Amer Sports in a research report on Thursday, June 26th. They set an "overweight" rating and a $45.00 price target for the company.
Check Out Our Latest Research Report on AS
Institutional Trading of Amer Sports
Large investors have recently modified their holdings of the company. Quarry LP bought a new stake in shares of Amer Sports during the first quarter valued at about $34,000. Colonial Trust Advisors acquired a new position in Amer Sports during the 1st quarter valued at about $93,000. Sterling Capital Management LLC raised its position in shares of Amer Sports by 55.9% during the 4th quarter. Sterling Capital Management LLC now owns 3,487 shares of the company's stock worth $97,000 after buying an additional 1,250 shares in the last quarter. 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 worth $116,000 after acquiring an additional 1,073 shares during the period. Finally, Voya Investment Management LLC bought a new position in shares of Amer Sports in the first quarter valued at approximately $210,000. Institutional investors and hedge funds own 40.25% of the company's stock.
Amer Sports Trading Up 1.5%
NYSE:AS opened at $38.38 on Thursday. The business's 50-day moving average is $35.10 and its two-hundred day moving average is $30.40. The firm has a market capitalization of $21.26 billion, a PE ratio of 103.73, a price-to-earnings-growth ratio of 1.55 and a beta of 3.36. Amer Sports has a 12 month low of $10.11 and a 12 month high of $40.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 0.80.
Amer Sports (NYSE:AS - Get Free Report) last announced its earnings results on Tuesday, May 20th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.15 by $0.12. Amer Sports had a return on equity of 7.21% and a net margin of 3.70%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the business posted $0.08 EPS. The company's revenue was up 24.5% on a year-over-year basis. Research analysts predict that Amer Sports will post 0.46 earnings per share for the current fiscal year.
Amer Sports Company Profile
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Get Free ReportAmer 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.
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