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

Shares of Amer Sports, Inc. (NYSE:AS) have been assigned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $31.55.

Several brokerages have recently weighed in on AS. Wells Fargo & Company increased their price objective on shares of Amer Sports from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 14th. The Goldman Sachs Group lowered their price objective on shares of Amer Sports from $33.00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Citigroup lowered their price objective on shares of Amer Sports from $36.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, April 28th. Sanford C. Bernstein began coverage on shares of Amer Sports in a research note on Thursday, February 13th. They issued an “outperform” rating and a $38.00 price objective on the stock. Finally, UBS Group increased their price objective on shares of Amer Sports from $37.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th.

Institutional Investors Weigh In On Amer Sports

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AS. Element Capital Management LLC purchased a new stake in Amer Sports during the 4th quarter valued at approximately $357,000. GAM Holding AG purchased a new stake in Amer Sports during the 4th quarter valued at approximately $13,460,000. Renaissance Capital LLC grew its holdings in Amer Sports by 116.2% during the 4th quarter. Renaissance Capital LLC now owns 135,697 shares of the company’s stock valued at $3,794,000 after buying an additional 72,936 shares in the last quarter. Pamalican Asset Management Ltd purchased a new stake in Amer Sports during the 4th quarter valued at approximately $20,970,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in Amer Sports during the 4th quarter valued at approximately $283,000. Institutional investors own 40.25% of the company’s stock.

Amer Sports Price Performance

AS opened at $37.23 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. The stock has a market capitalization of $20.62 billion, a P/E ratio of -265.91, a P/E/G ratio of 0.72 and a beta of 2.76. The company’s 50-day simple moving average is $26.08 and its two-hundred day simple moving average is $27.01. Amer Sports has a 52-week low of $10.11 and a 52-week high of $37.99.

Amer Sports (NYSE:AS) last posted its earnings results on Tuesday, May 20th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.12. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The firm’s revenue for the quarter was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS. As a group, analysts predict that Amer Sports will post 0.46 EPS for the current 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.