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

Amer Sports, Inc. (NYSE:AS) has been given an average rating of “Moderate Buy” by the fourteen ratings firms that are currently covering the stock, MarketBeat.com reports. Three equities research 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 brokerages that have issued a report on the stock in the last year is $19.00.

AS has been the topic of a number of analyst reports. TD Cowen initiated coverage on shares of Amer Sports in a research note on Monday, February 26th. They set an “outperform” rating and a $18.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on shares of Amer Sports in a research note on Monday, February 26th. They set an “overweight” rating and a $19.00 target price on the stock. Robert W. Baird assumed coverage on shares of Amer Sports in a research note on Monday, February 26th. They set an “outperform” rating and a $20.00 target price on the stock. Evercore ISI assumed coverage on shares of Amer Sports in a research note on Monday, February 26th. They issued an “outperform” rating and a $21.00 price target on the stock. Finally, Citigroup initiated coverage on shares of Amer Sports in a research note on Monday, February 26th. They issued a “buy” rating and a $19.00 price target on the stock.

Amer Sports Stock Performance

AS opened at $13.63 on Tuesday. Amer Sports has a twelve month low of $13.10 and a twelve month high of $18.23. The stock’s 50-day simple moving average is $15.46. The company has a current ratio of 1.49, a quick ratio of 0.80 and a debt-to-equity ratio of 477.02.

Amer Sports (NYSE:AS) last posted its quarterly earnings results on Tuesday, March 5th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates 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, sell-side analysts predict that Amer Sports will post 0.42 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.