Amer Sports, Inc. (NYSE:AS) Receives $44.06 Average Price Target from Brokerages

Amer Sports, Inc. (NYSE:AS) has received a consensus rating of “Moderate Buy” from the twenty-two brokerages that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, seventeen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $44.3389.

A number of analysts have recently issued reports on the company. Nomura set a $39.80 target price on Amer Sports and gave the stock a “buy” rating in a report on Tuesday, November 18th. UBS Group raised their target price on shares of Amer Sports from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, November 19th. Barclays started coverage on Amer Sports in a report on Tuesday. They issued an “overweight” rating and a $49.00 price target for the company. Morgan Stanley set a $41.00 target price on Amer Sports and gave the stock a “positive” rating in a research report on Monday, September 22nd. Finally, Zacks Research lowered Amer Sports from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th.

Amer Sports Stock Up 3.9%

Shares of AS opened at $38.65 on Friday. The firm has a market cap of $21.41 billion, a PE ratio of 70.28, a price-to-earnings-growth ratio of 1.01 and a beta of 2.85. The company has a quick ratio of 0.70, a current ratio of 1.51 and a debt-to-equity ratio of 0.24. The company’s fifty day moving average is $33.15 and its two-hundred day moving average is $36.05. Amer Sports has a fifty-two week low of $20.21 and a fifty-two week high of $42.36.

Amer Sports (NYSE:AS) last issued its earnings results on Tuesday, November 18th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.08. Amer Sports had a return on equity of 8.51% and a net margin of 5.10%.The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period last year, the company posted $0.14 EPS. The business’s quarterly 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. Analysts forecast that Amer Sports will post 0.46 earnings per share for the current year.

Institutional Investors Weigh In On Amer Sports

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AS. Polar Asset Management Partners Inc. purchased a new position in Amer Sports in the 3rd quarter valued at about $2,519,000. Caitong International Asset Management Co. Ltd increased its holdings in Amer Sports by 484.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock worth $29,000 after purchasing an additional 703 shares during the last quarter. Stance Capital LLC acquired a new position in shares of Amer Sports in the 3rd quarter valued at approximately $1,284,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Amer Sports during the 3rd quarter valued at approximately $1,336,000. Finally, Armistice Capital LLC grew its position in shares of Amer Sports by 64.4% during the third quarter. Armistice Capital LLC now owns 166,602 shares of the company’s stock worth $5,789,000 after buying an additional 65,293 shares in the last quarter. Hedge funds and other institutional investors own 40.25% of the company’s stock.

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.