Amer Sports (NYSE:AS) Reaches New 1-Year Low at $13.10

Amer Sports, Inc. (NYSE:AS) reached a new 52-week low during trading on Thursday . The stock traded as low as $13.10 and last traded at $13.58, with a volume of 278393 shares changing hands. The stock had previously closed at $13.35.

Wall Street Analyst Weigh In

Several research analysts have recently commented on AS shares. TD Cowen started coverage on shares of Amer Sports in a report on Monday, February 26th. They issued an “outperform” rating and a $18.00 price target for the company. The Goldman Sachs Group started coverage on shares of Amer Sports in a report on Monday, February 26th. They issued a “buy” rating and a $21.00 price target for the company. Deutsche Bank Aktiengesellschaft started coverage on shares of Amer Sports in a report on Monday, February 26th. They issued a “buy” rating and a $20.00 price target for the company. HSBC assumed coverage on shares of Amer Sports in a report on Monday, February 26th. They issued a “hold” rating and a $16.00 price target for the company. Finally, Wells Fargo & Company assumed 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 for the company. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Amer Sports has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

Amer Sports Stock Up 1.0 %

The company has a 50 day moving average of $15.43. 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 released its earnings results on Tuesday, March 5th. The company reported ($0.11) EPS 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 analyst estimates of $1.31 billion. Research analysts anticipate that Amer Sports, Inc. will post 0.42 earnings per share 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.