Amer Sports, Inc. (NYSE:AS – Get Free Report)’s stock price rose 5.3% on Wednesday . The stock traded as high as $19.32 and last traded at $19.32. Approximately 1,499,878 shares traded hands during mid-day trading, a decline of 6% from the average daily volume of 1,588,515 shares. The stock had previously closed at $18.35.
Analyst Ratings Changes
A number of research analysts have weighed in on AS shares. Evercore ISI reissued an “outperform” rating and issued a $21.00 target price on shares of Amer Sports in a research note on Wednesday, August 21st. Nomura Securities raised Amer Sports to a “strong-buy” rating in a research note on Tuesday, September 24th. Finally, UBS Group upped their target price on Amer Sports from $17.00 to $19.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.50.
Get Our Latest Research Report on AS
Amer Sports Stock Up 5.1 %
Amer Sports (NYSE:AS – Get Free Report) last announced its quarterly earnings data on Tuesday, August 20th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $993.80 million for the quarter, compared to analysts’ expectations of $947.59 million. Amer Sports’s revenue was up 16.0% on a year-over-year basis. Equities research analysts predict that Amer Sports, Inc. will post 0.43 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Amer Sports
A number of large investors have recently modified their holdings of AS. China Universal Asset Management Co. Ltd. purchased a new stake in shares of Amer Sports during the 1st quarter worth $1,521,000. Capstone Investment Advisors LLC acquired a new position in shares of Amer Sports during the 1st quarter worth about $7,301,000. Sei Investments Co. purchased a new position in shares of Amer Sports in the 1st quarter valued at about $968,000. Value Star Asset Management Hong Kong Ltd acquired a new stake in shares of Amer Sports during the 1st quarter worth about $2,061,000. Finally, Tocqueville Asset Management L.P. purchased a new stake in Amer Sports during the first quarter worth approximately $813,000. 40.25% of the stock is owned by hedge funds and other institutional investors.
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.
Read More
- Five stocks we like better than Amer Sports
- Top Stocks Investing in 5G Technology
- 3 Momentum Trades for October With Ample Upside Ahead
- The Significance of Brokerage Rankings in Stock Selection
- Roblox Dips on Short Report—Here’s Why It Could Bounce Back Fast
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- 2 Reasons to Jump on Apple Stock Now and 1 Reason to Think Twice
Receive News & Ratings for Amer Sports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amer Sports and related companies with MarketBeat.com's FREE daily email newsletter.