Amer Sports (NYSE:AS) Trading Up 3.2%

Shares of Amer Sports, Inc. (NYSE:AS - Get Free Report) were up 3.2% during mid-day trading on Monday . The stock traded as high as $14.70 and last traded at $14.65. Approximately 96,962 shares changed hands during trading, a decline of 94% from the average daily volume of 1,702,435 shares. The stock had previously closed at $14.19.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AS shares. TD Cowen started coverage on Amer Sports in a report on Monday, February 26th. They set an "outperform" rating and a $18.00 price objective on the stock. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $16.00 price objective (down previously from $18.50) on shares of Amer Sports in a report on Monday, April 8th. Morgan Stanley initiated coverage on Amer Sports in a report on Monday, February 26th. They set an "equal weight" rating and a $16.00 price objective on the stock. BNP Paribas initiated coverage on Amer Sports in a report on Monday, February 26th. They set an "outperform" rating and a $19.00 price target on the stock. Finally, The Goldman Sachs Group initiated coverage on Amer Sports in a report on Monday, February 26th. They set a "buy" rating and a $21.00 price target on the stock. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $19.00.

Amer Sports Price Performance

The business's fifty day moving average is $15.55. The company has a quick ratio of 0.80, a current ratio of 1.49 and a debt-to-equity ratio of 477.02.

Amer Sports (NYSE:AS - Get Free Report) last announced its quarterly earnings data on Tuesday, March 5th. The company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.07). The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.31 billion. As a group, equities research analysts forecast that Amer Sports, Inc. will post 0.42 earnings per share for the current fiscal 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.