Amer Sports, Inc. (NYSE:AS) Receives $32.36 Consensus Price Target from Analysts

Amer Sports, Inc. (NYSE:AS - Get Free Report) has earned an average rating of "Moderate Buy" from the thirteen ratings firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $31.45.

Several research firms have weighed in on AS. TD Cowen boosted their target price on shares of Amer Sports from $29.00 to $33.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. raised their target price on Amer Sports from $33.00 to $34.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Wells Fargo & Company lowered their price target on Amer Sports from $28.00 to $24.00 and set an "equal weight" rating for the company in a report on Wednesday. Sanford C. Bernstein initiated coverage on shares of Amer Sports in a research report on Thursday, February 13th. They set an "outperform" rating and a $38.00 price objective for the company. Finally, UBS Group boosted their target price on Amer Sports from $37.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th.

Hedge Funds Weigh In On Amer Sports

A number of hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. purchased a new position in shares of Amer Sports in the 3rd quarter valued at $25,000. West Branch Capital LLC raised its stake in shares of Amer Sports by 14,285.7% during the fourth quarter. West Branch Capital LLC now owns 1,007 shares of the company's stock valued at $28,000 after purchasing an additional 1,000 shares during the period. Kieckhefer Group LLC acquired a new position in shares of Amer Sports during the fourth quarter worth $42,000. GAMMA Investing LLC boosted its stake in shares of Amer Sports by 61.8% in the fourth quarter. GAMMA Investing LLC now owns 1,942 shares of the company's stock valued at $54,000 after purchasing an additional 742 shares during the period. Finally, Sterling Capital Management LLC grew its holdings in Amer Sports by 55.9% during 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 in the last quarter. Institutional investors and hedge funds own 40.25% of the company's stock.

Amer Sports Stock Performance

Shares of AS traded up $0.28 during trading hours on Friday, hitting $24.53. The stock had a trading volume of 181,859 shares, compared to its average volume of 3,618,054. The firm has a market capitalization of $13.58 billion, a price-to-earnings ratio of -175.17, a PEG ratio of 0.72 and a beta of 2.66. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. The firm has a 50-day moving average price of $25.89 and a 200 day moving average price of $25.92. Amer Sports has a fifty-two week low of $10.11 and a fifty-two week high of $34.00.

Amer Sports (NYSE:AS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.17. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.60 billion. The firm's quarterly revenue was up 23.2% compared to the same quarter last year. As a group, research analysts anticipate that Amer Sports will post 0.46 EPS for the current 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.