Amer Sports, Inc. (NYSE:AS) Given Consensus Rating of “Moderate Buy” by Brokerages

Amer Sports, Inc. (NYSE:AS) has been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $32.64.

A number of equities analysts recently commented on AS shares. The Goldman Sachs Group lifted their price objective on Amer Sports from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Wells Fargo & Company upped their price objective on shares of Amer Sports from $25.00 to $28.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. increased their price objective on shares of Amer Sports from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Hsbc Global Res lowered shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, December 16th. Finally, UBS Group increased their price target on Amer Sports from $37.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th.

Amer Sports Price Performance

AS stock opened at $26.74 on Tuesday. The company has a market capitalization of $14.81 billion and a P/E ratio of -190.99. The company has a fifty day moving average price of $29.58 and a 200-day moving average price of $24.94. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. Amer Sports has a 52-week low of $10.11 and a 52-week high of $34.00.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AS. FMR LLC raised its position in shares of Amer Sports by 250.7% during the fourth quarter. FMR LLC now owns 26,414,511 shares of the company’s stock worth $738,550,000 after purchasing an additional 18,881,504 shares during the period. Brilliance Asset Management Ltd. increased its stake in Amer Sports by 5.1% during the 4th quarter. Brilliance Asset Management Ltd. now owns 4,073,061 shares of the company’s stock valued at $113,883,000 after purchasing an additional 196,380 shares in the last quarter. Candlestick Capital Management LP raised its holdings 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 worth $108,052,000 after buying an additional 63,078 shares during the last quarter. WT Asset Management Ltd lifted its stake in shares of Amer Sports by 188.2% in the fourth quarter. WT Asset Management Ltd now owns 3,606,363 shares of the company’s stock valued at $100,834,000 after buying an additional 2,355,182 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of 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 buying an additional 2,401,302 shares during the last quarter. Institutional investors 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.