On October 14, 2024, Wells Fargo Downgraded Amer Sports Inc (NYSE: AS) to Equal Weight. A report published by Bernstein on April 08, 2024, Downgraded its rating to ‘Mkt Perform’ for AS. Wells Fargo also rated AS shares as ‘Overweight’, setting a target price of $19 on the company’s shares in an initiating report dated February 26, 2024. UBS Initiated an Buy rating on February 26, 2024, and assigned a price target of $23. TD Cowen initiated its ‘Outperform’ rating for AS, as published in its report on February 26, 2024. Robert W. Baird’s report from February 26, 2024 suggests a price prediction of $20 for AS shares, giving the stock a ‘Outperform’ rating. Morgan Stanley also rated the stock as ‘Equal-Weight’.
Analysis of Amer Sports Inc (AS)
Further, the quarter-over-quarter increase in sales is 15.99%, showing a positive trend in the upcoming months.
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In order to gain a clear picture of Amer Sports Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. Taking into account the quick ratio of the company, currently set at 0.81, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 1.82M can be a very valuable indicator of volatility for AS stock. On a monthly basis, the volatility of the stock is set at 4.45%, whereas on a weekly basis, it is put at 3.92%, with a gain of 2.69% over the past seven days. Furthermore, long-term investors anticipate a median target price of $20.28, showing growth from the present price of $18.71, which can serve as yet another indication of whether AS is worth investing in or should be passed over.
How Do You Analyze Amer Sports Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 86.50%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 8.99% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
AS shares are owned by institutional investors to the tune of 8.99% at present.
