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

Amer Sports, Inc. (NYSE:AS) has been assigned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $18.50.

AS has been the subject of a number of research analyst reports. UBS Group lifted their price target on shares of Amer Sports from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Morgan Stanley dropped their price target on Amer Sports from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 23rd. Finally, Evercore ISI reiterated an “outperform” rating and set a $21.00 target price on shares of Amer Sports in a research note on Wednesday, August 21st.

Hedge Funds Weigh In On Amer Sports

Large investors have recently bought and sold shares of the stock. Hood River Capital Management LLC bought a new stake in shares of Amer Sports during the 1st quarter worth $47,778,000. Point72 Hong Kong Ltd raised its holdings in Amer Sports by 557.7% during the 2nd quarter. Point72 Hong Kong Ltd now owns 3,274,519 shares of the company’s stock worth $41,161,000 after buying an additional 2,776,619 shares during the period. Point72 Asset Management L.P. lifted its stake in Amer Sports by 308.3% during the second quarter. Point72 Asset Management L.P. now owns 3,106,202 shares of the company’s stock valued at $39,045,000 after buying an additional 2,345,420 shares in the last quarter. Capstone Investment Advisors LLC acquired a new position in shares of Amer Sports in the first quarter worth about $7,301,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Amer Sports in the first quarter worth approximately $5,705,000. Institutional investors and hedge funds own 40.25% of the company’s stock.

Amer Sports Trading Up 1.5 %

Shares of AS opened at $14.11 on Friday. Amer Sports has a 12 month low of $10.11 and a 12 month high of $18.23. The stock’s 50-day moving average is $12.25 and its two-hundred day moving average is $14.00. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.87.

Amer Sports (NYSE:AS) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.11. The company had revenue of $993.80 million during the quarter, compared to analysts’ expectations of $947.59 million. Amer Sports had a negative net margin of 2.79% and a negative return on equity of 0.63%. The firm’s revenue was up 16.0% on a year-over-year basis. On average, research analysts anticipate that Amer Sports will post 0.43 earnings per share for the current fiscal year.

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.