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

Shares of Amer Sports, Inc. (NYSE:AS) have earned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are covering the company, MarketBeat Ratings reports. Three 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 brokerages that have updated their coverage on the stock in the last year is $19.00.

A number of equities research analysts recently weighed in on the company. Morgan Stanley assumed coverage on Amer Sports in a research report on Monday, February 26th. They set an “equal weight” rating and a $16.00 price objective on the stock. Citigroup assumed coverage on Amer Sports in a research report on Monday, February 26th. They set a “buy” rating and a $19.00 price objective on the stock. BNP Paribas assumed coverage on Amer Sports in a research report on Monday, February 26th. They set an “outperform” rating and a $19.00 price objective on the stock. Evercore ISI assumed coverage on Amer Sports in a research report on Monday, February 26th. They set an “outperform” rating and a $21.00 price objective on the stock. Finally, UBS Group began coverage on Amer Sports in a research report on Monday, February 26th. They set a “buy” rating and a $23.00 price objective on the stock.

Amer Sports Price Performance

Amer Sports stock opened at $13.64 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 1.49 and a debt-to-equity ratio of 477.02. Amer Sports has a 52 week low of $13.10 and a 52 week high of $18.23. The stock’s fifty day simple moving average is $15.55.

Amer Sports (NYSE:AS) last posted its quarterly earnings results on Tuesday, March 5th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.31 billion. On average, sell-side analysts anticipate that Amer Sports will post 0.42 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.