Amer Sports’ (AS) “Market Perform” Rating Reaffirmed at Sanford C. Bernstein

Sanford C. Bernstein reissued their market perform rating on shares of Amer Sports (NYSE:AS) in a research report released on Monday, Marketbeat reports. Sanford C. Bernstein currently has a $16.00 price target on the stock, down from their prior price target of $18.50.

AS has been the topic of several other reports. Evercore ISI assumed coverage on Amer Sports in a research report on Monday, February 26th. They issued an outperform rating and a $21.00 price objective on the stock. Bank of America lifted their target price on Amer Sports from $18.00 to $19.00 and gave the stock a buy rating in a research report on Wednesday, March 6th. HSBC assumed coverage on Amer Sports in a research report on Monday, February 26th. They set a hold rating and a $16.00 target price on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on Amer Sports in a research report on Monday, February 26th. They set a buy rating and a $20.00 target price on the stock. Finally, TD Cowen assumed coverage on Amer Sports in a research report on Monday, February 26th. They set an outperform rating and a $18.00 target price on the stock. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $19.00.

Amer Sports Stock Performance

NYSE:AS opened at $14.52 on Monday. The firm has a 50-day moving average of $15.63. Amer Sports has a 12 month low of $13.10 and a 12 month high of $18.23.

Amer Sports (NYSE:AS) last released its quarterly earnings data on Tuesday, March 5th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.07). The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.31 billion. Equities research analysts anticipate that Amer Sports will post 0.42 EPS 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.