Amer Sports, Inc. (NYSE:AS) Receives Consensus Rating of “Moderate Buy” from Analysts

Amer Sports, Inc. (NYSE:AS) has earned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $18.36.

A number of research analysts have recently commented on the stock. Wells Fargo & Company dropped their target price on shares of Amer Sports from $19.00 to $17.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. UBS Group cut their price objective on Amer Sports from $23.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, Morgan Stanley cut their price target on Amer Sports from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 23rd.

Amer Sports Price Performance

AS opened at $11.46 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 0.97. Amer Sports has a 52-week low of $10.11 and a 52-week high of $18.23. The business’s fifty day moving average is $12.24 and its 200-day moving average is $14.15.

Amer Sports (NYSE:AS) last released its earnings results on Tuesday, May 21st. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.05 by $0.03. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.13 billion. Amer Sports’s quarterly revenue was up 12.6% on a year-over-year basis. Sell-side analysts forecast that Amer Sports will post 0.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Amer Sports

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Seven Grand Managers LLC bought a new stake in shares of Amer Sports during the first quarter valued at approximately $1,630,000. SYSTM Wealth Solutions LLC acquired a new position in Amer Sports during the first quarter worth $319,000. China Universal Asset Management Co. Ltd. acquired a new stake in shares of Amer Sports in the 1st quarter worth about $1,521,000. Capstone Investment Advisors LLC bought a new stake in Amer Sports during the 1st quarter worth approximately $7,301,000. Finally, Sei Investments Co. purchased a new position in shares of Amer Sports during the first quarter valued at approximately $968,000. Institutional investors own 40.25% of the company’s stock.

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.