Amer Sports (NYSE:AS) Raised to "Strong-Buy" at Zacks Research

Key Points

• Amer Sports has been upgraded from a "hold" to a "strong-buy" rating by Zacks Research, indicating increased confidence in the company's performance.
• Several analysts have raised their target prices for Amer Sports, with Robert W. Baird at $46.00 and UBS Group at $52.00, reflecting positive market sentiment.
• The company reported a 23.4% increase in year-over-year revenue, reaching $1.24 billion, and beat earnings expectations with $0.06 earnings per share.

Amer Sports (NYSE:AS - Get Free Report) was upgraded by investment analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other analysts have also recently issued reports on the company. Robert W. Baird upped their target price on Amer Sports from $45.00 to $46.00 and gave the company an "outperform" rating in a research report on Friday, September 19th. UBS Group upped their target price on Amer Sports from $50.00 to $52.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Weiss Ratings reissued a "hold (c-)" rating on shares of Amer Sports in a research report on Wednesday, October 8th. Wells Fargo & Company upped their target price on Amer Sports from $35.00 to $38.00 and gave the company an "equal weight" rating in a research report on Monday, September 22nd. Finally, Piper Sandler initiated coverage on Amer Sports in a research report on Thursday, June 26th. They set an "overweight" rating and a $45.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.49.

Amer Sports Trading Up 0.0%

NYSE:AS opened at $30.87 on Monday. The stock has a 50-day simple moving average of $35.94 and a 200-day simple moving average of $34.18. The stock has a market cap of $17.09 billion, a P/E ratio of 75.28, a P/E/G ratio of 0.99 and a beta of 3.04. Amer Sports has a 1 year low of $17.32 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.

Amer Sports (NYSE:AS - Get Free Report) last announced its earnings results on Tuesday, August 19th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.04. The firm had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.18 billion. Amer Sports had a return on equity of 6.87% and a net margin of 3.93%.The business's revenue was up 23.4% on a year-over-year basis. During the same period in the prior year, the firm earned $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, analysts anticipate that Amer Sports will post 0.46 earnings per share for the current fiscal year.

Institutional Trading of Amer Sports

Several hedge funds have recently modified their holdings of the business. Financial Consulate Inc. acquired a new stake in shares of Amer Sports in the 3rd quarter valued at approximately $40,000. Mainstream Capital Management LLC lifted its holdings in shares of Amer Sports by 14.5% in the 3rd quarter. Mainstream Capital Management LLC now owns 19,286 shares of the company's stock valued at $670,000 after buying an additional 2,436 shares during the period. Renaissance Capital LLC lifted its holdings in shares of Amer Sports by 34.6% in the 3rd quarter. Renaissance Capital LLC now owns 166,855 shares of the company's stock valued at $5,798,000 after buying an additional 42,897 shares during the period. Annex Advisory Services LLC lifted its holdings in shares of Amer Sports by 10.4% in the 3rd quarter. Annex Advisory Services LLC now owns 420,643 shares of the company's stock valued at $14,617,000 after buying an additional 39,654 shares during the period. Finally, Ethic Inc. lifted its holdings in shares of Amer Sports by 90.4% in the 3rd quarter. Ethic Inc. now owns 13,015 shares of the company's stock valued at $452,000 after buying an additional 6,178 shares during the period. 40.25% of the stock is owned by institutional investors and hedge funds.

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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