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

Shares of Amer Sports, Inc. (NYSE:AS - Get Free Report) have received a consensus rating of "Moderate Buy" from the sixteen analysts that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $37.81.

Several research firms have weighed in on AS. Piper Sandler began coverage on shares of Amer Sports in a research report on Thursday, June 26th. They issued an "overweight" rating and a $45.00 price objective for the company. TD Securities raised their price objective 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. Citigroup restated a "buy" rating and issued a $42.00 price objective (up previously from $30.00) on shares of Amer Sports in a research report on Wednesday, May 21st. KGI Securities set a $44.30 price objective on shares of Amer Sports and gave the company an "outperform" rating in a research report on Wednesday, June 25th. Finally, UBS Group reiterated a "buy" rating and set a $50.00 price target (up previously from $37.00) on shares of Amer Sports in a research report on Wednesday, May 21st.

Amer Sports Price Performance

AS stock traded up $0.01 during trading on Thursday, hitting $38.15. 1,871,847 shares of the stock traded hands, compared to its average volume of 3,182,696. Amer Sports has a one year low of $10.11 and a one year high of $40.21. The stock has a market cap of $21.13 billion, a price-to-earnings ratio of 103.11, a P/E/G ratio of 1.56 and a beta of 3.36. The company has a 50 day simple moving average of $35.62 and a 200 day simple moving average of $30.54. The company has a current ratio of 1.66, a quick ratio of 0.80 and a debt-to-equity ratio of 0.24.

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

Institutional Investors Weigh In On Amer Sports

Large investors have recently bought and sold shares of the company. Quarry LP bought a new stake in Amer Sports in the first quarter valued at approximately $34,000. Colonial Trust Advisors bought a new stake in Amer Sports in the first quarter valued at approximately $93,000. Sterling Capital Management LLC increased its stake in Amer Sports by 55.9% in the fourth quarter. Sterling Capital Management LLC now owns 3,487 shares of the company's stock valued at $97,000 after purchasing an additional 1,250 shares in the last quarter. Signaturefd LLC increased its stake in Amer Sports by 35.0% in the fourth quarter. Signaturefd LLC now owns 4,136 shares of the company's stock valued at $116,000 after purchasing an additional 1,073 shares in the last quarter. Finally, Voya Investment Management LLC bought a new stake in Amer Sports in the first quarter valued at approximately $210,000. Institutional investors own 40.25% of the company's stock.

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.