Amer Sports, Inc. (NYSE:AS) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Amer Sports, Inc. has received a consensus recommendation of "Moderate Buy" from 19 brokers, with an average 1-year price target of $43.49.
• The company's recent earnings report showed a profit of $0.06 per share, surpassing the expected $0.02, with revenue up 23.4% year-over-year.
• Institutional investors hold 40.25% of Amer Sports' stock, reflecting growing interest from hedge funds and investment firms.

Amer Sports, Inc. (NYSE:AS - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the nineteen ratings firms that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $43.4867.

AS has been the subject of several research reports. Hsbc Global Res raised Amer Sports from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 27th. KGI Securities set a $44.30 price objective on Amer Sports and gave the stock an "outperform" rating in a research note on Wednesday, June 25th. HSBC set a $50.00 target price on Amer Sports and gave the stock a "buy" rating in a research report on Tuesday, August 26th. Zacks Research lowered Amer Sports from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 28th. Finally, Morgan Stanley set a $41.00 price objective on Amer Sports and gave the company a "positive" rating in a report on Monday, September 22nd.

Amer Sports Price Performance

Shares of AS opened at $30.77 on Friday. The company has a market cap of $17.04 billion, a P/E ratio of 75.04, a PEG ratio of 0.98 and a beta of 3.04. The stock has a fifty day moving average price of $36.19 and a 200 day moving average price of $34.05. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.60 and a quick ratio of 0.61. Amer Sports has a 12 month low of $17.32 and a 12 month high of $42.36.

Amer Sports (NYSE:AS - Get Free Report) last announced 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. Amer Sports had a return on equity of 6.87% and a net margin of 3.93%.The business had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter last year, the business posted $0.05 earnings per share. The company's quarterly revenue was up 23.4% on a year-over-year basis. Amer Sports has set its FY 2025 guidance at 0.770-0.820 EPS. Q3 2025 guidance at 0.200-0.220 EPS. On average, research analysts forecast that Amer Sports will post 0.46 earnings per share for the current year.

Institutional Trading of Amer Sports

Hedge funds have recently modified their holdings of the company. Quarry LP acquired a new stake in shares of Amer Sports during the 1st quarter worth approximately $34,000. SBI Securities Co. Ltd. boosted its stake in Amer Sports by 146.4% in the second quarter. SBI Securities Co. Ltd. now owns 897 shares of the company's stock worth $35,000 after purchasing an additional 533 shares in the last quarter. Pacer Advisors Inc. acquired a new position in Amer Sports in the third quarter worth $44,000. Smartleaf Asset Management LLC boosted its stake in Amer Sports by 174.3% in the second quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company's stock worth $63,000 after purchasing an additional 1,011 shares in the last quarter. Finally, Colonial Trust Advisors acquired a new position in Amer Sports in the first quarter worth $93,000. 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.

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