Amer Sports (NYSE:AS) Given Outperform Rating at Evercore ISI

Evercore ISI reiterated their outperform rating on shares of Amer Sports (NYSE:AS) in a report issued on Wednesday,Benzinga reports. They currently have a $26.00 price target on the stock, up from their previous price target of $25.00.

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

Amer Sports Stock Up 2.6 %

AS opened at $24.30 on Wednesday. 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 stock has a market capitalization of $12.28 billion and a price-to-earnings ratio of -169.91. The business has a 50-day moving average of $17.91 and a two-hundred day moving average of $14.92. Amer Sports has a 12 month low of $10.11 and a 12 month high of $24.60.

Amer Sports (NYSE:AS) last posted its quarterly earnings results on Tuesday, August 20th. The company reported $0.05 EPS for the quarter, beating the consensus estimate 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 positive return on equity of 3.59% and a negative net margin of 0.74%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, research analysts expect that Amer Sports will post 0.44 earnings per share for the current year.

Hedge Funds Weigh In On Amer Sports

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new position in Amer Sports during the 3rd quarter worth approximately $167,000. Public Employees Retirement System of Ohio acquired a new position in Amer Sports during the 3rd quarter worth approximately $337,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Amer Sports in the 3rd quarter valued at approximately $467,000. XTX Topco Ltd acquired a new position in shares of Amer Sports in the 3rd quarter valued at approximately $609,000. Finally, Weiss Asset Management LP acquired a new position in shares of Amer Sports in the 3rd quarter valued at approximately $1,761,000. 40.25% of the stock is owned by institutional investors and hedge funds.

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.