Amer Sports (NYSE:AS) Sees Unusually-High Trading Volume

Amer Sports, Inc. (NYSE:ASGet Free Report) shares saw strong trading volume on Monday . 1,491,399 shares changed hands during mid-day trading, a decline of 16% from the previous session’s volume of 1,765,741 shares.The stock last traded at $16.69 and had previously closed at $16.30.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AS. UBS Group assumed coverage on Amer Sports in a report on Monday, February 26th. They set a “buy” rating and a $23.00 price target on the stock. Morgan Stanley started coverage on shares of Amer Sports in a report on Monday, February 26th. They issued an “equal weight” rating and a $16.00 target price on the stock. Robert W. Baird assumed coverage on shares of Amer Sports in a research report on Monday, February 26th. They set an “outperform” rating and a $20.00 price target on the stock. Wells Fargo & Company initiated coverage on Amer Sports in a research report on Monday, February 26th. They issued an “overweight” rating and a $19.00 price objective for the company. Finally, Citigroup started coverage on Amer Sports in a research note on Monday, February 26th. They set a “buy” rating and a $19.00 target price for the company. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.18.

Get Our Latest Analysis on AS

Amer Sports Stock Down 1.6 %

The company has a 50-day simple moving average of $15.66.

Amer Sports (NYSE:ASGet Free Report) last released its earnings results on Tuesday, March 5th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.07). The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Analysts predict that Amer Sports, Inc. will post 0.42 EPS for the current year.

About Amer Sports

(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.

Featured Articles

Receive News & Ratings for Amer Sports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amer Sports and related companies with MarketBeat.com's FREE daily email newsletter.