Amer Sports, Inc. (NYSE:AS) Receives $32.64 Consensus Price Target from Analysts

Shares of Amer Sports, Inc. (NYSE:AS) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $32.64.

Several equities analysts have issued reports on the stock. TD Cowen lifted their price target on shares of Amer Sports from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Citigroup boosted their target price on Amer Sports from $24.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Evercore ISI increased their price target on Amer Sports from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. The Goldman Sachs Group raised their price target on Amer Sports from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Finally, Morgan Stanley upped their price objective on shares of Amer Sports from $19.00 to $27.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st.

Amer Sports Trading Down 1.2 %

Shares of NYSE:AS opened at $26.66 on Friday. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $14.76 billion and a PE ratio of -190.40. Amer Sports has a 12-month low of $10.11 and a 12-month high of $34.00. The business’s fifty day simple moving average is $29.97 and its 200-day simple moving average is $23.59.

Amer Sports (NYSE:AS) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The firm’s quarterly revenue was up 23.2% compared to the same quarter last year. As a group, equities research analysts predict that Amer Sports will post 0.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Amer Sports

Several hedge funds and other institutional investors have recently bought and sold shares of the business. West Branch Capital LLC lifted its stake in Amer Sports by 14,285.7% during the 4th quarter. West Branch Capital LLC now owns 1,007 shares of the company’s stock valued at $28,000 after acquiring an additional 1,000 shares during the period. Kieckhefer Group LLC purchased a new position in shares of Amer Sports during the fourth quarter worth $42,000. JPMorgan Chase & Co. acquired a new position in Amer Sports during the third quarter valued at $25,000. GAMMA Investing LLC boosted its holdings in Amer Sports by 61.8% in the fourth quarter. GAMMA Investing LLC now owns 1,942 shares of the company’s stock valued at $54,000 after purchasing an additional 742 shares during the last quarter. Finally, Sterling Capital Management LLC grew its position in Amer Sports by 55.9% during the 4th quarter. Sterling Capital Management LLC now owns 3,487 shares of the company’s stock worth $97,000 after purchasing an additional 1,250 shares during the period. Institutional investors and hedge funds own 40.25% of the company’s stock.

About Amer Sports

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.