Amer Sports, Inc. (NYSE:AS) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Amer Sports, Inc. (NYSE:AS - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the fourteen analysts that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $36.67.

AS has been the topic of several research reports. Wall Street Zen upgraded Amer Sports from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Wells Fargo & Company set a $35.00 price objective on shares of Amer Sports and gave the company an "equal weight" rating in a report on Wednesday, May 21st. TD Securities increased their target price 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. The Goldman Sachs Group boosted their price target on shares of Amer Sports from $28.00 to $44.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. upped their price target on shares of Amer Sports from $33.00 to $34.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th.

Institutional Investors Weigh In On Amer Sports

Institutional investors and hedge funds have recently made changes to their positions in the business. Strs Ohio bought a new position in Amer Sports in the 1st quarter worth about $981,000. Goldman Sachs Group Inc. increased its position in shares of Amer Sports by 44.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,173,674 shares of the company's stock worth $31,372,000 after purchasing an additional 358,536 shares during the last quarter. Temasek Holdings Private Ltd purchased a new stake in Amer Sports in the first quarter valued at approximately $10,081,000. Tiger Pacific Capital LP bought a new stake in Amer Sports during the first quarter valued at approximately $8,316,000. Finally, Samlyn Capital LLC lifted its position in Amer Sports by 10.8% during the first quarter. Samlyn Capital LLC now owns 1,634,448 shares of the company's stock valued at $43,689,000 after purchasing an additional 159,848 shares during the last quarter. Hedge funds and other institutional investors own 40.25% of the company's stock.

Amer Sports Price Performance

Shares of NYSE:AS opened at $36.19 on Friday. The company has a market capitalization of $20.04 billion, a P/E ratio of -258.49, a price-to-earnings-growth ratio of 0.72 and a beta of 3.64. The company's 50-day moving average is $29.79 and its 200 day moving average is $29.03. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. Amer Sports has a fifty-two week low of $10.11 and a fifty-two week high of $39.17.

Amer Sports (NYSE:AS - Get Free Report) last released its earnings results on Tuesday, May 20th. The company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.12. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. 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 company earned $0.08 earnings per share. The company's quarterly revenue was up 24.5% on a year-over-year basis. On average, equities research analysts forecast that Amer Sports will post 0.46 earnings per share 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.

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