Amer Sports, Inc. (NYSE:AS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Amer Sports, Inc. (NYSE:AS) have been given an average rating of “Moderate Buy” by the thirteen analysts that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $32.64.

AS has been the topic of a number of recent research reports. Hsbc Global Res downgraded Amer Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 16th. JPMorgan Chase & Co. upped their price objective on Amer Sports from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. HSBC cut shares of Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a research note on Monday, December 16th. Sanford C. Bernstein started coverage on shares of Amer Sports in a research note on Thursday, February 13th. They issued an “outperform” rating and a $38.00 target price for the company. Finally, Robert W. Baird raised their price target on shares of Amer Sports from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, December 9th.

Amer Sports Stock Performance

Shares of NYSE AS opened at $26.74 on Friday. The company has a 50 day simple moving average of $30.03 and a two-hundred day simple moving average of $23.55. The stock has a market cap of $14.61 billion and a price-to-earnings ratio of -190.95. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58. Amer Sports has a 12 month low of $10.11 and a 12 month high of $34.00.

Amer Sports (NYSE:AS) last posted its earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.60 billion. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. Amer Sports’s quarterly revenue was up 23.2% compared to the same quarter last year. As a group, analysts predict that Amer Sports will post 0.46 earnings per share for the current year.

Hedge Funds Weigh In On Amer Sports

Several hedge funds and other institutional investors have recently made changes to their positions in AS. BNP Paribas Financial Markets lifted its stake in shares of Amer Sports by 734.8% in the third quarter. BNP Paribas Financial Markets now owns 80,760 shares of the company’s stock worth $1,288,000 after buying an additional 71,086 shares in the last quarter. Woodson Capital Management LP purchased a new position in Amer Sports during the third quarter worth approximately $12,907,000. XTX Topco Ltd purchased a new stake in Amer Sports in the 3rd quarter valued at $609,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Amer Sports in the 3rd quarter worth $337,000. Finally, State Street Corp raised its holdings in shares of Amer Sports by 65.1% during the 3rd quarter. State Street Corp now owns 884,526 shares of the company’s stock worth $14,108,000 after acquiring an additional 348,877 shares during the period. Hedge funds and other institutional investors own 40.25% of the company’s stock.

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.