Amer Sports, Inc. (NYSE:AS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Amer Sports, Inc. (NYSE:AS) has been given a consensus recommendation of “Moderate Buy” by the twenty analysts that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $43.2063.

A number of equities research analysts have weighed in on AS shares. Wells Fargo & Company upped their price target on shares of Amer Sports from $35.00 to $38.00 and gave the company an “equal weight” rating in a report on Monday, September 22nd. HSBC set a $50.00 target price on shares of Amer Sports and gave the stock a “buy” rating in a report on Tuesday, August 26th. UBS Group raised their target price on shares of Amer Sports from $50.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Zacks Research upgraded shares of Amer Sports from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. Finally, Robert W. Baird upped their price target on Amer Sports from $45.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, September 19th.

Hedge Funds Weigh In On Amer Sports

A number of institutional investors have recently bought and sold shares of the stock. Aspex Management HK Ltd acquired a new position in shares of Amer Sports in the third quarter worth about $206,244,000. Scopus Asset Management L.P. purchased a new stake in shares of Amer Sports in the 2nd quarter valued at approximately $108,562,000. Viking Global Investors LP boosted its stake in Amer Sports by 63.5% in the 3rd quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock worth $220,436,000 after purchasing an additional 2,462,832 shares during the period. WT Asset Management Ltd boosted its stake in Amer Sports by 221.5% in the 3rd quarter. WT Asset Management Ltd now owns 3,499,062 shares of the company’s stock worth $121,592,000 after purchasing an additional 2,410,861 shares during the period. Finally, Qube Research & Technologies Ltd grew its position in Amer Sports by 139.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 3,887,480 shares of the company’s stock worth $150,679,000 after purchasing an additional 2,267,066 shares in the last quarter. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Amer Sports Stock Up 8.7%

Shares of AS stock opened at $33.43 on Wednesday. Amer Sports has a 1 year low of $18.56 and a 1 year high of $42.36. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 1.60. The business’s fifty day moving average is $33.03 and its 200-day moving average is $35.50. The stock has a market cap of $18.51 billion, a PE ratio of 81.53, a price-to-earnings-growth ratio of 0.98 and a beta of 2.97.

Amer Sports (NYSE:AS) last announced its quarterly earnings data on Tuesday, November 18th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.08. Amer Sports had a return on equity of 6.87% and a net margin of 3.93%.The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the firm posted $0.14 earnings per share. The company’s revenue was up 29.7% on a year-over-year basis. Amer Sports has set its FY 2025 guidance at 0.880-0.920 EPS. Equities analysts expect that Amer Sports will post 0.46 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.