Amer Sports, Inc. (NYSE:AS – Get Free Report) has earned a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $18.79.
A number of research analysts recently issued reports on AS shares. The Goldman Sachs Group began coverage on shares of Amer Sports in a research report on Monday, February 26th. They set a “buy” rating and a $21.00 target price on the stock. Deutsche Bank Aktiengesellschaft began coverage on Amer Sports in a research report on Monday, February 26th. They issued a “buy” rating and a $20.00 target price for the company. JPMorgan Chase & Co. initiated coverage on Amer Sports in a research note on Monday, February 26th. They issued an “overweight” rating and a $19.00 price objective for the company. Wells Fargo & Company lowered their target price on Amer Sports from $19.00 to $17.00 and set an “overweight” rating on the stock in a research report on Thursday, April 25th. Finally, Evercore ISI initiated coverage on shares of Amer Sports in a research report on Monday, February 26th. They issued an “outperform” rating and a $21.00 price target for the company.
View Our Latest Stock Report on Amer Sports
Institutional Trading of Amer Sports
Amer Sports Stock Down 3.0 %
Shares of AS opened at $14.69 on Wednesday. The company has a current ratio of 1.96, a quick ratio of 0.97 and a debt-to-equity ratio of 0.07. The firm’s fifty day moving average price is $14.82. Amer Sports has a 12 month low of $13.10 and a 12 month high of $18.23.
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 the consensus estimate of $0.05 by $0.03. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.13 billion. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. On average, equities research analysts predict that Amer Sports will post 0.4 earnings per share for the current 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.
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