Amer Sports, Inc. (NYSE:AS) Receives Average Recommendation of “Moderate Buy” from Brokerages

Amer Sports, Inc. (NYSE:AS) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $32.64.

A number of equities analysts have commented on the stock. UBS Group upped their target price on shares of Amer Sports from $37.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. upped their target price on shares of Amer Sports from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Citigroup upped their price target on shares of Amer Sports from $24.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group upped their price target on shares of Amer Sports from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Finally, Robert W. Baird upped their price target on shares of Amer Sports from $24.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th.

Institutional Investors Weigh In On Amer Sports

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC lifted its position in Amer Sports by 250.7% during the fourth quarter. FMR LLC now owns 26,414,511 shares of the company’s stock valued at $738,550,000 after acquiring an additional 18,881,504 shares during the last quarter. Brilliance Asset Management Ltd. lifted its position in Amer Sports by 5.1% during the fourth quarter. Brilliance Asset Management Ltd. now owns 4,073,061 shares of the company’s stock valued at $113,883,000 after acquiring an additional 196,380 shares during the last quarter. Candlestick Capital Management LP lifted its position in Amer Sports by 1.7% during the fourth quarter. Candlestick Capital Management LP now owns 3,864,510 shares of the company’s stock valued at $108,052,000 after acquiring an additional 63,078 shares during the last quarter. WT Asset Management Ltd lifted its position in Amer Sports by 188.2% during the fourth quarter. WT Asset Management Ltd now owns 3,606,363 shares of the company’s stock valued at $100,834,000 after acquiring an additional 2,355,182 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in Amer Sports by 262.5% during the fourth quarter. Marshall Wace LLP now owns 3,316,167 shares of the company’s stock valued at $92,720,000 after acquiring an additional 2,401,302 shares during the last quarter. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Amer Sports Price Performance

Shares of AS stock opened at $28.27 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77. The company has a market capitalization of $15.45 billion and a P/E ratio of -201.94. The company’s 50-day simple moving average is $30.14 and its two-hundred day simple moving average is $23.14. Amer Sports has a one year low of $10.11 and a one year high of $34.00.

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