Amer Sports, Inc. (NYSE:AS) Given Consensus Rating of “Buy” by Brokerages

Shares of Amer Sports, Inc. (NYSE:AS) have been assigned an average rating of “Buy” from the nineteen ratings firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, fifteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $46.8882.

A number of brokerages have weighed in on AS. Zacks Research lowered Amer Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Evercore restated an “outperform” rating and set a $50.00 price target on shares of Amer Sports in a research report on Thursday. Citigroup reaffirmed a “buy” rating on shares of Amer Sports in a research note on Thursday, October 30th. Truist Financial set a $46.00 target price on shares of Amer Sports in a research note on Wednesday, January 14th. Finally, Wells Fargo & Company boosted their target price on Amer Sports from $40.00 to $45.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th.

Amer Sports Price Performance

Shares of NYSE AS opened at $41.50 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.70 and a current ratio of 1.51. The firm has a fifty day moving average of $38.05 and a 200 day moving average of $36.20. The firm has a market cap of $22.98 billion, a PE ratio of 75.46, a PEG ratio of 0.81 and a beta of 2.86. Amer Sports has a one year low of $20.21 and a one year high of $42.36.

Amer Sports (NYSE:AS) last issued its quarterly earnings results on Tuesday, November 18th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. Amer Sports had a return on equity of 8.51% and a net margin of 5.10%.The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the company posted $0.14 earnings per share. The business’s revenue was up 29.7% on a year-over-year basis. As a group, research analysts predict that Amer Sports will post 0.46 EPS for the current fiscal year.

Institutional Trading of Amer Sports

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC acquired a new position in shares of Amer Sports during the 4th quarter valued at about $27,000. Caitong International Asset Management Co. Ltd increased its stake in Amer Sports by 484.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock worth $29,000 after acquiring an additional 703 shares during the last quarter. SBI Securities Co. Ltd. raised its position in Amer Sports by 146.4% in the second quarter. SBI Securities Co. Ltd. now owns 897 shares of the company’s stock valued at $35,000 after purchasing an additional 533 shares during the period. Financial Consulate Inc. purchased a new position in shares of Amer Sports during the 3rd quarter worth $40,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Amer Sports by 241.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock worth $42,000 after purchasing an additional 848 shares during the last quarter. 40.25% of the stock is owned by institutional investors and hedge funds.

About Amer Sports

Amer Sports (NYSE:AS) is a Helsinki-based sporting goods group that designs, develops and markets performance-oriented equipment, apparel and footwear across multiple sports. The company focuses on product innovation, brand-driven marketing and global distribution to serve athletes and outdoor enthusiasts, offering goods for activities such as skiing, running, hiking, tennis, golf and diving.

Amer Sports’ portfolio comprises well-known sports and outdoor brands, including Salomon (outdoor footwear and winter sports), Atomic (alpine skis and ski equipment), Arc’teryx (technical outerwear and climbing gear), Wilson (racquet and ball sports equipment) and Suunto (precision instruments and sports watches).