Analysts Set Amer Sports, Inc. (NYSE:AS) PT at $36.67

Amer Sports, Inc. (NYSE:AS - Get Free Report) has received an average rating of "Moderate Buy" from the fourteen brokerages that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $36.67.

A number of research firms have commented on AS. Citigroup reaffirmed a "buy" rating and set a $42.00 target price (up previously from $30.00) on shares of Amer Sports in a report on Wednesday, May 21st. Morgan Stanley raised their price objective 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. UBS Group reiterated a "buy" rating and set a $50.00 target price (up previously from $37.00) on shares of Amer Sports in a research note on Wednesday, May 21st. JPMorgan Chase & Co. raised their price target on shares of Amer Sports from $33.00 to $34.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Finally, Wall Street Zen upgraded shares of Amer Sports from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th.

Hedge Funds Weigh In On Amer Sports

Institutional investors have recently bought and sold shares of the stock. Quarry LP purchased a new position in Amer Sports in the 1st quarter worth about $34,000. Colonial Trust Advisors purchased a new position in Amer Sports during the 1st quarter valued at about $93,000. Sterling Capital Management LLC grew its stake 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 acquiring an additional 1,250 shares in the last quarter. Signaturefd LLC grew its stake in Amer Sports by 35.0% during the 4th quarter. Signaturefd LLC now owns 4,136 shares of the company's stock valued at $116,000 after acquiring an additional 1,073 shares in the last quarter. Finally, Mainstream Capital Management LLC purchased a new position in Amer Sports during the 4th quarter valued at about $190,000. Hedge funds and other institutional investors own 40.25% of the company's stock.

Amer Sports Stock Up 0.6%

NYSE:AS traded up $0.20 during trading hours on Friday, hitting $36.26. The stock had a trading volume of 2,548,863 shares, compared to its average volume of 3,053,989. 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 has a 1-year low of $10.11 and a 1-year high of $39.17. The business has a 50 day simple moving average of $30.60 and a two-hundred day simple moving average of $29.23. The company has a market cap of $20.08 billion, a PE ratio of 98.00, a price-to-earnings-growth ratio of 1.35 and a beta of 3.64.

Amer Sports (NYSE:AS - Get Free Report) last issued its quarterly earnings data 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. Amer Sports had a net margin of 3.70% and a return on equity of 7.21%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the company earned $0.08 earnings per share. Amer Sports's revenue for the quarter was up 24.5% on a year-over-year basis. Analysts predict 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.