Piper Sandler began coverage on shares of Amer Sports (NYSE:AS - Get Free Report) in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The firm set an "overweight" rating and a $45.00 price target on the stock. Piper Sandler's target price would suggest a potential upside of 18.94% from the company's current price.
Several other analysts also recently commented on the stock. Wall Street Zen raised shares of Amer Sports from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. TD Securities raised their price objective on shares of Amer Sports from $30.00 to $41.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Wells Fargo & Company set a $35.00 price objective on shares of Amer Sports and gave the stock an "equal weight" rating in a report 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 company an "overweight" rating in a report on Wednesday, February 26th. Finally, The Goldman Sachs Group lifted their price objective 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. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $37.81.
Check Out Our Latest Report on AS
Amer Sports Price Performance
AS stock opened at $37.83 on Thursday. The firm has a 50 day moving average of $32.38 and a 200-day moving average of $29.71. 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 12 month low of $10.11 and a 12 month high of $39.17. The firm has a market capitalization of $20.95 billion, a P/E ratio of 102.25, a price-to-earnings-growth ratio of 1.40 and a beta of 3.64.
Amer Sports (NYSE:AS - Get Free Report) last posted 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. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.38 billion. Amer Sports had a net margin of 3.70% and a return on equity of 7.21%. The business's revenue was up 24.5% compared to the same quarter last year. During the same period last year, the firm posted $0.08 earnings per share. As a group, sell-side analysts predict that Amer Sports will post 0.46 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Amer Sports
Hedge funds have recently added to or reduced their stakes in the stock. Scotia Capital Inc. grew its position in Amer Sports by 1.0% during the 1st quarter. Scotia Capital Inc. now owns 50,841 shares of the company's stock worth $1,359,000 after purchasing an additional 488 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Amer Sports by 19.1% in the 1st quarter. Signaturefd LLC now owns 4,925 shares of the company's stock worth $132,000 after acquiring an additional 789 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of Amer Sports by 55.9% in the fourth 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. Quarry LP purchased a new stake in shares of Amer Sports in the first quarter valued at about $34,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Amer Sports by 22.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 12,386 shares of the company's stock valued at $331,000 after acquiring an additional 2,275 shares in the last quarter. 40.25% of the stock is currently owned by hedge funds and other institutional investors.
About Amer Sports
(
Get Free Report)
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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