Amer Sports’ (AS) Outperform Rating Reiterated at Evercore ISI

Evercore ISI restated their outperform rating on shares of Amer Sports (NYSE:AS) in a research note released on Wednesday morning,Benzinga reports. The firm currently has a $26.00 price objective on the stock, up from their previous price objective of $25.00.

Several other equities research analysts have also recently commented on the company. UBS Group upped their price target on Amer Sports from $24.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday. Robert W. Baird increased their price objective on Amer Sports from $20.00 to $24.00 and gave the stock an “outperform” rating in a research report on Wednesday. Nomura Securities upgraded Amer Sports to a “strong-buy” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. increased their price objective on Amer Sports from $19.00 to $26.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, The Goldman Sachs Group increased their price objective on Amer Sports from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.43.

Amer Sports Price Performance

Amer Sports stock opened at $24.30 on Wednesday. Amer Sports has a 12 month low of $10.11 and a 12 month high of $24.60. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.87 and a quick ratio of 0.81. The business has a 50 day simple moving average of $17.91 and a 200-day simple moving average of $14.92. The stock has a market capitalization of $12.28 billion and a PE ratio of -169.91.

Amer Sports (NYSE:AS) last released its quarterly earnings results on Tuesday, August 20th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.11. Amer Sports had a positive return on equity of 3.59% and a negative net margin of 0.74%. The business had revenue of $993.80 million during the quarter, compared to analysts’ expectations of $947.59 million. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. Equities analysts predict that Amer Sports will post 0.44 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC acquired a new position in Amer Sports in the 3rd quarter valued at about $49,000. Quarry LP acquired a new position in Amer Sports in the 3rd quarter valued at about $61,000. CWM LLC acquired a new position in Amer Sports in the 3rd quarter valued at about $73,000. Dnca Finance acquired a new position in Amer Sports in the 2nd quarter valued at about $81,000. Finally, Amalgamated Bank acquired a new position in Amer Sports in the 2nd quarter valued at about $83,000. 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.