Analysts Set Amer Sports, Inc. (NYSE:AS) Target Price at $19.00

Shares of Amer Sports, Inc. (NYSE:AS) have received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $19.00.

Several research firms have recently weighed in on AS. BNP Paribas began coverage on shares of Amer Sports in a report on Monday, February 26th. They set an “outperform” rating and a $19.00 price objective for the company. Morgan Stanley assumed coverage on shares of Amer Sports in a report on Monday, February 26th. They set an “equal weight” rating and a $16.00 price objective for the company. Deutsche Bank Aktiengesellschaft started coverage on shares of Amer Sports in a research note on Monday, February 26th. They set a “buy” rating and a $20.00 price target on the stock. Robert W. Baird started coverage on shares of Amer Sports in a report on Monday, February 26th. They set an “outperform” rating and a $20.00 price objective on the stock. Finally, UBS Group started coverage on shares of Amer Sports in a report on Monday, February 26th. They set a “buy” rating and a $23.00 price objective on the stock.

Amer Sports Price Performance

NYSE:AS opened at $13.81 on Tuesday. Amer Sports has a 12-month low of $13.10 and a 12-month high of $18.23. The company has a debt-to-equity ratio of 477.02, a current ratio of 1.49 and a quick ratio of 0.80. The business has a 50-day simple moving average of $15.41.

Amer Sports (NYSE:AS) last posted its quarterly earnings results on Tuesday, March 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.07). The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.31 billion. As a group, equities analysts anticipate that Amer Sports will post 0.42 EPS for the current 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.