Amer Sports (NYSE:AS) Upgraded to “Strong-Buy” by Nomura Securities

Amer Sports (NYSE:AS) was upgraded by stock analysts at Nomura Securities to a “strong-buy” rating in a report released on Tuesday, Zacks.com reports.

AS has been the topic of several other reports. UBS Group raised their price objective on Amer Sports from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Evercore ISI reissued an “outperform” rating and set a $21.00 price target on shares of Amer Sports in a research report on Wednesday, August 21st. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

Amer Sports Price Performance

Amer Sports stock opened at $15.88 on Tuesday. The firm’s fifty day moving average price is $12.85 and its two-hundred day moving average price is $13.91. Amer Sports has a 1-year low of $10.11 and a 1-year high of $18.23. The company has a quick ratio of 0.81, a current ratio of 1.87 and a debt-to-equity ratio of 0.58.

Amer Sports (NYSE:AS) last issued its quarterly earnings data on Tuesday, August 20th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.11. Amer Sports had a negative return on equity of 0.63% and a negative net margin of 2.79%. The firm had revenue of $993.80 million during the quarter, compared to analyst estimates of $947.59 million. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. Research analysts expect that Amer Sports will post 0.43 EPS for the current year.

Institutional Trading of Amer Sports

A number of large investors have recently bought and sold shares of the company. Dnca Finance bought a new stake in shares of Amer Sports in the second quarter valued at approximately $81,000. Amalgamated Bank bought a new stake in Amer Sports during the 2nd quarter valued at $83,000. SYSTM Wealth Solutions LLC purchased a new stake in shares of Amer Sports during the first quarter worth $319,000. Summit Securities Group LLC bought a new position in shares of Amer Sports in the second quarter worth $297,000. Finally, Quadrature Capital Ltd purchased a new position in Amer Sports during the 1st quarter valued at about $390,000. 40.25% of the stock is owned by hedge funds and other institutional investors.

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.