Shares of Amer Sports, Inc. (NYSE:AS – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $19.00.
AS has been the topic of a number of recent analyst reports. Sanford C. Bernstein reissued a “market perform” rating and set a $16.00 target price (down from $18.50) on shares of Amer Sports in a report on Monday, April 8th. Citigroup initiated coverage on shares of Amer Sports in a report on Monday, February 26th. They issued a “buy” rating and a $19.00 price target on the stock. Wells Fargo & Company began coverage on Amer Sports in a report on Monday, February 26th. They set an “overweight” rating and a $19.00 price objective for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Amer Sports in a research note on Monday, February 26th. They set a “buy” rating and a $20.00 target price on the stock. Finally, UBS Group initiated coverage on Amer Sports in a report on Monday, February 26th. They set a “buy” rating and a $23.00 price target for the company.
Read Our Latest Stock Analysis on Amer Sports
Amer Sports Trading Up 2.1 %
Amer Sports (NYSE:AS – Get Free Report) last issued 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 firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.31 billion. On average, sell-side analysts anticipate 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.
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