Amer Sports, Inc. (NYSE:AS) Receives Average Recommendation of "Buy" from Brokerages

Key Points

• Amer Sports, Inc. has received an average recommendation of "Buy" from 18 brokerages, with 14 assigning a buy rating and 2 a strong buy rating, targeting an average price of $43.49.
• Large institutional investors have significantly increased their stakes in Amer Sports, with Qube Research raising its holdings by 139.9% during the last quarter.
• Amer Sports reported a 23.4% year-over-year revenue increase, reaching $1.24 billion, and exceeded earnings estimates with an EPS of $0.06 for the last quarter.

Shares of Amer Sports, Inc. (NYSE:AS - Get Free Report) have been assigned a consensus rating of "Buy" from the eighteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $43.4867.

A number of research analysts recently commented on AS shares. Wall Street Zen raised shares of Amer Sports from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. KGI Securities set a $44.30 target price on shares of Amer Sports and gave the company an "outperform" rating in a research report on Wednesday, June 25th. Morgan Stanley set a $41.00 target price on shares of Amer Sports and gave the company a "positive" rating in a research report on Monday. UBS Group increased their target price on shares of Amer Sports from $50.00 to $52.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Finally, Citigroup increased their price target on shares of Amer Sports from $42.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday.

Institutional Trading of Amer Sports

A number of large investors have recently bought and sold shares of the business. Qube Research & Technologies Ltd boosted its stake 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 during the period. Viking Global Investors LP lifted its stake in shares of Amer Sports by 64.8% in the 2nd quarter. Viking Global Investors LP now owns 3,880,649 shares of the company's stock worth $150,414,000 after acquiring an additional 1,526,314 shares during the period. Marshall Wace LLP lifted its stake in shares of Amer Sports by 32.5% in the 2nd quarter. Marshall Wace LLP now owns 3,747,775 shares of the company's stock worth $145,264,000 after acquiring an additional 918,361 shares during the period. Scopus Asset Management L.P. acquired a new stake in shares of Amer Sports in the 2nd quarter worth $108,562,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Amer Sports by 244.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,533,612 shares of the company's stock worth $98,203,000 after acquiring an additional 1,798,170 shares during the period. Institutional investors and hedge funds own 40.25% of the company's stock.

Amer Sports Trading Down 5.6%

Shares of NYSE:AS opened at $35.36 on Tuesday. The company has a current ratio of 1.60, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. The company's 50 day moving average is $38.03 and its two-hundred day moving average is $33.40. The company has a market cap of $19.58 billion, a PE ratio of 86.24, a P/E/G ratio of 1.23 and a beta of 3.30. Amer Sports has a 52 week low of $14.69 and a 52 week high of $42.36.

Amer Sports (NYSE:AS - Get Free Report) last posted its earnings results on Tuesday, August 19th. The company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.04. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.18 billion. Amer Sports had a net margin of 3.93% and a return on equity of 6.87%. The company's revenue was up 23.4% on a year-over-year basis. During the same period last year, the firm 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. Equities analysts predict 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.

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