Amer Sports (NYSE:AS) Upgraded at Wall Street Zen

Amer Sports (NYSE:AS - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

A number of other research analysts have also recently issued reports on the company. Morgan Stanley raised their price objective on Amer Sports from $28.00 to $33.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 21st. Sanford C. Bernstein assumed coverage on Amer Sports in a research report on Thursday, February 13th. They set an "outperform" rating and a $38.00 price target on the stock. Wells Fargo & Company set a $35.00 price target on Amer Sports and gave the stock an "equal weight" rating in a research note on Wednesday, May 21st. JPMorgan Chase & Co. increased their price objective on Amer Sports from $33.00 to $34.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Finally, Citigroup reaffirmed a "buy" rating and issued a $42.00 target price (up from $30.00) on shares of Amer Sports in a research note on Wednesday, May 21st. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $36.67.

Amer Sports Price Performance

NYSE:AS traded down $0.63 during mid-day trading on Friday, reaching $37.88. The stock had a trading volume of 1,363,353 shares, compared to its average volume of 2,786,924. The stock has a market capitalization of $20.98 billion, a P/E ratio of -270.33, a P/E/G ratio of 0.72 and a beta of 2.76. The firm has a 50 day moving average price of $26.96 and a two-hundred day moving average price of $27.66. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. Amer Sports has a one year low of $10.11 and a one year high of $38.83.

Amer Sports (NYSE:AS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The company reported $0.27 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the business posted $0.08 EPS. The business's quarterly revenue was up 24.5% on a year-over-year basis. As a group, analysts expect that Amer Sports will post 0.46 earnings per share for the current year.

Institutional Trading of Amer Sports

Several large investors have recently bought and sold shares of AS. Goldman Sachs Group Inc. lifted its stake in shares of Amer Sports by 44.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,173,674 shares of the company's stock valued at $31,372,000 after purchasing an additional 358,536 shares during the period. Temasek Holdings Private Ltd purchased a new position in Amer Sports during the first quarter valued at $10,081,000. Tiger Pacific Capital LP bought a new stake in shares of Amer Sports during the 1st quarter valued at $8,316,000. Samlyn Capital LLC boosted its holdings in shares of Amer Sports by 10.8% during the 1st quarter. Samlyn Capital LLC now owns 1,634,448 shares of the company's stock valued at $43,689,000 after buying an additional 159,848 shares in the last quarter. Finally, Petrus Trust Company LTA purchased a new stake in shares of Amer Sports in the 1st quarter worth about $361,000. 40.25% of the stock is owned by institutional investors.

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.