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

Amer Sports, Inc. (NYSE:AS) has earned an average rating of “Moderate Buy” from the fifteen research firms that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $19.21.

Several equities research analysts have recently weighed in on the company. UBS Group upped their target price on Amer Sports from $19.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday. Wells Fargo & Company cut Amer Sports from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $17.00 to $19.00 in a report on Monday, October 14th. Nomura Securities raised shares of Amer Sports to a “strong-buy” rating in a research report on Tuesday, September 24th. Evercore ISI reissued an “outperform” rating and set a $21.00 target price on shares of Amer Sports in a research report on Wednesday, August 21st. Finally, TD Cowen raised their price target on shares of Amer Sports from $17.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, October 15th.

Hedge Funds Weigh In On Amer Sports

Several large investors have recently modified their holdings of AS. Hood River Capital Management LLC lifted its stake in Amer Sports by 32.9% during the second quarter. Hood River Capital Management LLC now owns 3,896,784 shares of the company’s stock worth $48,983,000 after purchasing an additional 965,625 shares during the last quarter. Point72 Hong Kong Ltd raised its holdings in shares of Amer Sports by 557.7% during the second quarter. Point72 Hong Kong Ltd now owns 3,274,519 shares of the company’s stock worth $41,161,000 after purchasing an additional 2,776,619 shares during the period. Point72 Asset Management L.P. raised its holdings in shares of Amer Sports by 308.3% during the second quarter. Point72 Asset Management L.P. now owns 3,106,202 shares of the company’s stock worth $39,045,000 after purchasing an additional 2,345,420 shares during the period. WCM Investment Management LLC lifted its position in shares of Amer Sports by 29.9% in the 3rd quarter. WCM Investment Management LLC now owns 1,330,092 shares of the company’s stock worth $21,787,000 after buying an additional 306,001 shares during the last quarter. Finally, WT Asset Management Ltd boosted its holdings in shares of Amer Sports by 104.4% in the 3rd quarter. WT Asset Management Ltd now owns 1,251,181 shares of the company’s stock valued at $19,956,000 after buying an additional 638,939 shares during the period. Institutional investors own 40.25% of the company’s stock.

Amer Sports Stock Down 3.5 %

Shares of AS stock opened at $18.05 on Friday. 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 has a fifty-two week low of $10.11 and a fifty-two week high of $19.73. The firm’s 50 day moving average price is $16.50 and its two-hundred day moving average price is $14.47.

Amer Sports (NYSE:AS) last posted its earnings results on Tuesday, August 20th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.11. Amer Sports had a negative net margin of 2.79% and a negative return on equity of 0.63%. The business had revenue of $993.80 million for the quarter, compared to analyst estimates of $947.59 million. The business’s revenue was up 16.0% compared to the same quarter last year. Research analysts predict that Amer Sports will post 0.44 earnings per share for the current fiscal year.

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.