Amer Sports, Inc. (NYSE:AS) Receives $19.18 Average Price Target from Analysts

Shares of Amer Sports, Inc. (NYSE:ASGet Free Report) have earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $19.18.

A number of research analysts have weighed in on AS shares. Bank of America lifted their target price on Amer Sports from $18.00 to $19.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. The Goldman Sachs Group assumed coverage on Amer Sports in a report on Monday, February 26th. They set a “buy” rating and a $21.00 price objective for the company. UBS Group began coverage on Amer Sports in a report on Monday, February 26th. They set a “buy” rating and a $23.00 price objective for the company. TD Cowen began coverage on Amer Sports in a research note on Monday, February 26th. They issued an “outperform” rating and a $18.00 target price for the company. Finally, Morgan Stanley began coverage on Amer Sports in a research note on Monday, February 26th. They issued an “equal weight” rating and a $16.00 target price for the company.

Check Out Our Latest Stock Report on Amer Sports

Amer Sports Stock Up 2.9 %

Shares of Amer Sports stock opened at $16.27 on Friday. Amer Sports has a 52-week low of $13.10 and a 52-week high of $18.23.

Amer Sports (NYSE:ASGet Free Report) last posted its 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 business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.31 billion. On average, equities research analysts predict that Amer Sports will post 0.42 earnings per share for the current year.

Amer Sports Company Profile

(Get Free Report

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. The company operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.

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