Amer Sports (NYSE:AS) Rating Increased to Strong-Buy at Hsbc Global Res

Key Points

• Amer Sports has been upgraded from a "hold" to a "strong-buy" rating by analysts at Hsbc Global Res, indicating increased confidence in the stock's performance.
• Multiple analysts have recently raised their price targets for Amer Sports, with UBS Group setting a target of $52.00, reflecting positive market sentiment.
• The company reported a 23.4% year-over-year revenue increase in its latest quarterly earnings, outperforming analysts' expectations, and showcasing robust financial growth.

Hsbc Global Res upgraded shares of Amer Sports (NYSE:AS - Free Report) from a hold rating to a strong-buy rating in a research report sent to investors on Wednesday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Wall Street Zen downgraded Amer Sports from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. 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. UBS Group upped their price objective on Amer Sports from $50.00 to $52.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. Morgan Stanley upped their price objective on Amer Sports from $28.00 to $33.00 and gave the company an "equal weight" rating in a report on Wednesday, May 21st. Finally, Wells Fargo & Company set a $35.00 price objective on Amer Sports and gave the company an "equal weight" rating in a report on Wednesday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.62.

Amer Sports Trading Down 3.9%

Shares of AS stock traded down $1.58 on Wednesday, reaching $39.33. 3,853,288 shares of the stock were exchanged, compared to its average volume of 4,911,891. The stock has a market cap of $21.78 billion, a PE ratio of 95.94, a P/E/G ratio of 1.32 and a beta of 3.30. Amer Sports has a one year low of $13.16 and a one year high of $42.36. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.60 and a quick ratio of 0.61. The stock has a 50 day moving average price of $38.36 and a 200 day moving average price of $32.53.

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, topping analysts' consensus estimates 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%.The firm's quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.05 earnings per share. Amer Sports has set its FY 2025 guidance at 0.770-0.820 EPS. Q3 2025 guidance at 0.200-0.220 EPS. Equities research analysts forecast that Amer Sports will post 0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd grew its stake in Amer Sports by 139.9% in the second quarter. Qube Research & Technologies Ltd now owns 3,887,480 shares of the company's stock valued at $150,679,000 after acquiring an additional 2,267,066 shares during the period. Viking Global Investors LP grew its stake in Amer Sports by 64.8% in the second quarter. Viking Global Investors LP now owns 3,880,649 shares of the company's stock valued at $150,414,000 after acquiring an additional 1,526,314 shares during the period. Marshall Wace LLP grew its stake in Amer Sports by 32.5% in the second quarter. Marshall Wace LLP now owns 3,747,775 shares of the company's stock valued at $145,264,000 after acquiring an additional 918,361 shares during the period. Scopus Asset Management L.P. acquired a new position in Amer Sports in the second quarter valued at about $108,562,000. Finally, BNP Paribas Financial Markets grew its stake in Amer Sports by 244.5% in the second quarter. BNP Paribas Financial Markets now owns 2,533,612 shares of the company's stock valued at $98,203,000 after acquiring an additional 1,798,170 shares during the period. 40.25% of the stock is owned by institutional investors and hedge funds.

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.