Amer Sports (NYSE:AS - Get Free Report) has been given a $35.00 price target by equities researchers at Wells Fargo & Company in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The firm presently has an "equal weight" rating on the stock. Wells Fargo & Company's price target suggests a potential downside of 6.69% from the stock's current price.
Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. upped their price objective 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. Citigroup decreased their price objective on shares of Amer Sports from $36.00 to $30.00 and set a "buy" rating on the stock in a report on Monday, April 28th. UBS Group reiterated a "buy" rating and issued a $50.00 price objective (up from $37.00) on shares of Amer Sports in a report on Wednesday. TD Securities upped their price objective on shares of Amer Sports from $30.00 to $41.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Sanford C. Bernstein started coverage on shares of Amer Sports in a report on Thursday, February 13th. They issued an "outperform" rating and a $38.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $36.67.
Check Out Our Latest Report on AS
Amer Sports Price Performance
Shares of AS opened at $37.51 on Wednesday. The company has a market cap of $20.77 billion, a price-to-earnings ratio of -267.91, a PEG ratio of 0.72 and a beta of 2.76. Amer Sports has a 1-year low of $10.11 and a 1-year high of $38.42. The company's fifty day simple moving average is $26.44 and its 200 day simple moving average is $27.21. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58.
Amer Sports (NYSE:AS - Get Free Report) last issued its earnings results 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. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.38 billion. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The firm's revenue for the quarter was up 24.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.08 earnings per share. On average, research analysts forecast that Amer Sports will post 0.46 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Amer Sports
Several institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new position in shares of Amer Sports in the third quarter worth about $25,000. West Branch Capital LLC lifted its holdings in shares of Amer Sports by 14,285.7% in the fourth quarter. West Branch Capital LLC now owns 1,007 shares of the company's stock worth $28,000 after acquiring an additional 1,000 shares during the last quarter. Quarry LP bought a new position in shares of Amer Sports in the first quarter worth about $34,000. Colonial Trust Advisors bought a new position in shares of Amer Sports in the first quarter worth about $93,000. Finally, Sterling Capital Management LLC lifted 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 worth $97,000 after acquiring an additional 1,250 shares during the last quarter. Institutional investors own 40.25% of the company's stock.
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.
See Also
Before you consider Amer Sports, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amer Sports wasn't on the list.
While Amer Sports currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
