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

Shares of Amer Sports, Inc. (NYSE:AS) reached a new 52-week low during 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

Several equities analysts recently commented on the stock. The Goldman Sachs Group assumed coverage on shares of Amer Sports in a research note on Monday, February 26th. They set a “buy” rating and a $21.00 price objective for the company. JPMorgan Chase & Co. began coverage on shares of Amer Sports in a research report on Monday, February 26th. They set an “overweight” rating and a $19.00 price target for the company. UBS Group initiated coverage on Amer Sports in a research report on Monday, February 26th. They issued a “buy” rating and a $23.00 price objective on the stock. Sanford C. Bernstein reissued a “market perform” rating and set a $16.00 price objective (down previously from $18.50) on shares of Amer Sports in a research note on Monday, April 8th. Finally, Evercore ISI started coverage on Amer Sports in a research note on Monday, February 26th. They issued an “outperform” rating and a $21.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.00.

Amer Sports Trading Up 0.7 %

The company has a debt-to-equity ratio of 477.02, a current ratio of 1.49 and a quick ratio of 0.80. The firm’s 50-day moving average price is $15.49.

Amer Sports (NYSE:AS) last issued its quarterly 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 business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.31 billion. On average, sell-side analysts anticipate that Amer Sports, Inc. will post 0.42 earnings per share for the current fiscal 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.