Amer Sports, Inc. (NYSE:AS) Receives Consensus Recommendation of “Buy” from Brokerages

Amer Sports, Inc. (NYSE:AS) has earned a consensus rating of “Buy” from the nineteen research firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, fifteen have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $46.8882.

Several brokerages recently weighed in on AS. Citigroup reiterated a “buy” rating on shares of Amer Sports in a report on Thursday, October 30th. Nomura set a $39.80 price objective on shares of Amer Sports and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Wall Street Zen downgraded shares of Amer Sports from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. Truist Financial set a $46.00 price target on shares of Amer Sports in a report on Wednesday, January 14th. Finally, JPMorgan Chase & Co. cut their price target on Amer Sports from $53.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, November 17th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. AQR Capital Management LLC acquired a new stake in shares of Amer Sports during the 1st quarter worth approximately $565,000. Goldman Sachs Group Inc. grew its position in Amer Sports by 44.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,173,674 shares of the company’s stock valued at $31,372,000 after buying an additional 358,536 shares during the period. GGM Financials LLC purchased a new position in Amer Sports in the second quarter valued at $14,550,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Amer Sports in the second quarter worth about $397,000. Finally, Ethic Inc. purchased a new stake in shares of Amer Sports during the 2nd quarter worth about $269,000. 40.25% of the stock is owned by institutional investors and hedge funds.

Amer Sports Stock Performance

Shares of AS opened at $41.50 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.70 and a current ratio of 1.51. The stock has a 50-day moving average of $38.05 and a two-hundred day moving average of $36.20. The stock has a market cap of $22.98 billion, a P/E ratio of 75.46, a P/E/G ratio of 0.81 and a beta of 2.86. Amer Sports has a one year low of $20.21 and a one year high of $42.36.

Amer Sports (NYSE:AS) last announced its quarterly earnings data on Tuesday, November 18th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.08. Amer Sports had a return on equity of 8.51% and a net margin of 5.10%.The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period last year, the business posted $0.14 earnings per share. The company’s revenue for the quarter was up 29.7% compared to the same quarter last year. As a group, research analysts predict that Amer Sports will post 0.46 EPS for the current year.

Amer Sports Company Profile

Amer Sports (NYSE:AS) is a Helsinki-based sporting goods group that designs, develops and markets performance-oriented equipment, apparel and footwear across multiple sports. The company focuses on product innovation, brand-driven marketing and global distribution to serve athletes and outdoor enthusiasts, offering goods for activities such as skiing, running, hiking, tennis, golf and diving.

Amer Sports’ portfolio comprises well-known sports and outdoor brands, including Salomon (outdoor footwear and winter sports), Atomic (alpine skis and ski equipment), Arc’teryx (technical outerwear and climbing gear), Wilson (racquet and ball sports equipment) and Suunto (precision instruments and sports watches).