Amer Sports, Inc. (NYSE:AS) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of Amer Sports, Inc. (NYSE:AS - Get Free Report) have earned an average rating of "Moderate Buy" from the sixteen brokerages that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $37.81.

Several equities research analysts have commented on the stock. 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. 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 target on the stock. Wall Street Zen raised Amer Sports from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. The Goldman Sachs Group lifted their price target on Amer Sports from $28.00 to $44.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Finally, Morgan Stanley lifted their price target on Amer Sports from $28.00 to $33.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 21st.

Institutional Trading of Amer Sports

A number of hedge funds have recently made changes to their positions in the stock. Quarry LP bought a new stake in shares of Amer Sports in the 1st quarter valued at approximately $34,000. Colonial Trust Advisors bought a new stake in Amer Sports in the 1st quarter valued at $93,000. Sterling Capital Management LLC boosted its holdings in Amer Sports by 55.9% in the 4th 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 during the period. Signaturefd LLC boosted its holdings in 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. Finally, Voya Investment Management LLC acquired a new stake in shares of Amer Sports during the 1st quarter valued at about $210,000. 40.25% of the stock is owned by hedge funds and other institutional investors.

Amer Sports Stock Performance

Shares of NYSE AS traded down $0.10 during midday trading on Thursday, reaching $38.04. 588,344 shares of the company traded hands, compared to its average volume of 3,165,598. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 0.80. The stock has a 50-day moving average price of $35.37 and a 200 day moving average price of $30.47. Amer Sports has a 52 week low of $10.11 and a 52 week high of $40.21. The company has a market cap of $21.07 billion, a price-to-earnings ratio of 102.86, a PEG ratio of 1.57 and a beta of 3.36.

Amer Sports (NYSE:AS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The company reported $0.27 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $1.38 billion. During the same period in the previous year, the business earned $0.08 earnings per share. Amer Sports's revenue for the quarter was up 24.5% compared to the same quarter last year. Sell-side analysts anticipate that Amer Sports will post 0.46 earnings per share for the current fiscal year.

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.