Amer Sports, Inc. (NYSE:AS – Get Free Report) has been given an average rating of “Moderate Buy” by the fourteen ratings firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $18.79.
A number of brokerages have recently issued reports on AS. Morgan Stanley dropped their price target on shares of Amer Sports from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 23rd. Wells Fargo & Company dropped their price target on shares of Amer Sports from $19.00 to $17.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $16.00 price target (down from $18.50) on shares of Amer Sports in a research note on Monday, April 8th.
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Institutional Inflows and Outflows
Amer Sports Stock Up 2.0 %
Shares of NYSE:AS opened at $11.26 on Thursday. The company has a 50-day simple moving average of $13.31. Amer Sports has a one year low of $10.47 and a one year high of $18.23. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 0.97.
Amer Sports (NYSE:AS – Get Free Report) last announced its earnings results on Tuesday, May 21st. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.13 billion. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. Sell-side analysts predict that Amer Sports will post 0.4 earnings per share 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.
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