Amer Sports, Inc. (NYSE:AS) Receives $31.55 Consensus PT from Analysts

Shares of Amer Sports, Inc. (NYSE:AS - Get Free Report) have earned a consensus rating of "Moderate Buy" from the fourteen analysts that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $36.67.

A number of research analysts have recently commented on AS shares. Morgan Stanley upped 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. Wall Street Zen upgraded shares of Amer Sports from a "hold" rating to a "buy" rating in a report on Saturday. Citigroup reiterated a "buy" rating and issued a $42.00 target price (up previously from $30.00) on shares of Amer Sports in a research note on Wednesday, May 21st. JPMorgan Chase & Co. lifted their price target on shares of Amer Sports from $33.00 to $34.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Finally, The Goldman Sachs Group upped their target price on Amer Sports from $28.00 to $44.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st.

Amer Sports Price Performance

NYSE:AS traded down $0.38 during trading hours on Wednesday, reaching $37.12. 2,969,817 shares of the company traded hands, compared to its average volume of 2,790,506. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77. The firm's 50-day moving average is $26.78 and its 200-day moving average is $27.58. The stock has a market cap of $20.56 billion, a P/E ratio of -265.09, a P/E/G ratio of 0.72 and a beta of 2.76. Amer Sports has a 1-year low of $10.11 and a 1-year high of $38.42.

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, topping analysts' consensus estimates of $0.15 by $0.12. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The firm had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter last year, the business posted $0.08 EPS. The firm's quarterly revenue was up 24.5% compared to the same quarter last year. Equities research analysts expect that Amer Sports will post 0.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. FMR LLC raised its stake in shares of Amer Sports by 250.7% during the fourth quarter. FMR LLC now owns 26,414,511 shares of the company's stock valued at $738,550,000 after purchasing an additional 18,881,504 shares in the last quarter. Brilliance Asset Management Ltd. increased its stake in Amer Sports by 5.1% during the 4th quarter. Brilliance Asset Management Ltd. now owns 4,073,061 shares of the company's stock valued at $113,883,000 after buying an additional 196,380 shares during the period. Candlestick Capital Management LP increased its stake in Amer Sports by 1.7% during the 4th 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 during the period. WT Asset Management Ltd raised its position in shares of Amer Sports by 188.2% during the 4th quarter. WT Asset Management Ltd now owns 3,606,363 shares of the company's stock worth $100,834,000 after buying an additional 2,355,182 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of Amer Sports by 262.5% in the 4th 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 period. Institutional investors and hedge funds own 40.25% of the company's stock.

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.