Brokerages Set Amer Sports, Inc. (NYSE:AS) PT at $41.62

Key Points

• Amer Sports, Inc. has received an average rating of "Buy" from analysts, with two holding recommendations and thirteen buy recommendations out of seventeen brokerages covering the firm.
• The company's stock target prices have been raised by multiple analysts, with recent prices set at $41.00 by TD Securities and $52.00 by UBS Group.
• Amer Sports reported a 23.4% year-over-year revenue increase for the latest quarter, with earnings of $0.06 per share, surpassing analyst expectations.

Shares of Amer Sports, Inc. (NYSE:AS - Get Free Report) have received a consensus rating of "Moderate Buy" from the eighteen analysts that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $41.62.

Several equities analysts have recently issued reports on the company. Bank of America lifted their price objective on Amer Sports from $42.00 to $45.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. Morgan Stanley lifted their price objective on Amer Sports from $28.00 to $33.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 21st. Citigroup reiterated a "buy" rating and issued a $42.00 price objective (up previously from $30.00) on shares of Amer Sports in a research note on Wednesday, May 21st. Piper Sandler assumed coverage on Amer Sports in a research note on Thursday, June 26th. They issued an "overweight" rating and a $45.00 price objective for the company. Finally, TD Securities lifted their price objective on Amer Sports from $30.00 to $41.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st.

Amer Sports Trading Down 3.9%

NYSE AS traded down $1.58 during trading on Friday, hitting $39.33. The stock had a trading volume of 3,853,288 shares, compared to its average volume of 4,892,778. The company has a market capitalization of $21.78 billion, a PE ratio of 95.94, a PEG ratio of 1.32 and a beta of 3.31. The company has a quick ratio of 0.61, a current ratio of 1.60 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average price of $38.36 and a 200 day moving average price of $32.53. Amer Sports has a twelve month low of $13.16 and a twelve month high of $42.36.

Amer Sports (NYSE:AS - Get Free Report) last released its earnings results on Tuesday, August 19th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.18 billion. Amer Sports had a return on equity of 6.87% and a net margin of 3.93%.Amer Sports's revenue was up 23.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.05 EPS. Amer Sports has set its FY 2025 guidance at 0.770-0.820 EPS. Q3 2025 guidance at 0.200-0.220 EPS. As a group, equities research analysts forecast that Amer Sports will post 0.46 earnings per share for the current year.

Hedge Funds Weigh In On Amer Sports

Several hedge funds and other institutional investors have recently made changes to their positions in AS. Envestnet Asset Management Inc. lifted its stake in Amer Sports by 16.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 36,018 shares of the company's stock worth $1,007,000 after purchasing an additional 5,157 shares during the last quarter. Barclays PLC lifted its stake in Amer Sports by 2,954.6% during the fourth quarter. Barclays PLC now owns 96,649 shares of the company's stock worth $2,702,000 after purchasing an additional 93,485 shares during the last quarter. First Trust Advisors LP lifted its stake in Amer Sports by 27.5% during the fourth quarter. First Trust Advisors LP now owns 61,681 shares of the company's stock worth $1,725,000 after purchasing an additional 13,294 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in Amer Sports during the fourth quarter worth approximately $693,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in Amer Sports by 32.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,575 shares of the company's stock worth $576,000 after purchasing an additional 5,020 shares during the last quarter. Hedge funds and other institutional investors own 40.25% of the company's stock.

About Amer Sports

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.