Amer Sports, Inc. (NYSE:AS – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $13.10 and last traded at $13.58, with a volume of 278393 shares trading hands. The stock had previously closed at $13.35.
Wall Street Analysts Forecast Growth
AS has been the subject of a number of recent research reports. Wells Fargo & Company initiated coverage on shares of Amer Sports in a research report on Monday, February 26th. They issued an “overweight” rating and a $19.00 target price for the company. BNP Paribas began coverage on Amer Sports in a research note on Monday, February 26th. They issued an “outperform” rating and a $19.00 price target for the company. Bank of America boosted their price target on Amer Sports from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. HSBC began coverage on Amer Sports in a research note on Monday, February 26th. They issued a “hold” rating and a $16.00 price target for the company. Finally, Evercore ISI began coverage on Amer Sports in a research note on Monday, February 26th. They issued an “outperform” rating and a $21.00 price target for the company. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Amer Sports has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.
Read Our Latest Research Report on AS
Amer Sports Stock Performance
Amer Sports (NYSE:AS – Get Free Report) last announced its earnings results on Tuesday, March 5th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.07). The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.31 billion. On average, research analysts anticipate that Amer Sports, Inc. will post 0.42 EPS 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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