Amer Sports (NYSE:AS) Upgraded to "Buy" at Wall Street Zen

Key Points

• Amer Sports has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, reflecting growing analyst confidence in the stock.
• The company recently reported a quarterly EPS of $0.06, exceeding analysts' expectations and showing a year-over-year revenue increase of 23.4%.
• A consensus price target of $41.62 has been established, supported by multiple analysts giving "buy" ratings amidst recent market activity.

Amer Sports (NYSE:AS - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Friday.

A number of other research firms have also issued reports on AS. Zacks Research lowered Amer Sports from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 28th. Robert W. Baird upped their price target on Amer Sports from $44.00 to $45.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. Citigroup restated a "buy" rating and issued a $42.00 price target (up from $30.00) on shares of Amer Sports in a research report on Wednesday, May 21st. JPMorgan Chase & Co. upped their price target on Amer Sports from $45.00 to $46.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Finally, Piper Sandler started coverage on Amer Sports in a research report on Thursday, June 26th. They issued an "overweight" rating and a $45.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Amer Sports currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.62.

Amer Sports Price Performance

NYSE:AS traded up $0.25 during trading hours on Friday, hitting $36.96. 3,443,731 shares of the stock were exchanged, compared to its average volume of 4,758,528. Amer Sports has a 52-week low of $13.80 and a 52-week high of $42.36. The firm's fifty day moving average price is $38.23 and its 200 day moving average price is $32.96. 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 has a market cap of $20.47 billion, a P/E ratio of 90.15, a P/E/G ratio of 1.23 and a beta of 3.30.

Amer Sports (NYSE:AS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 19th. The company reported $0.06 EPS for the quarter, topping 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 company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the business earned $0.05 EPS. Amer Sports'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. As a group, equities research analysts anticipate that Amer Sports will post 0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Quarry LP acquired a new position in Amer Sports during the first quarter worth $34,000. SBI Securities Co. Ltd. lifted its stake in Amer Sports by 146.4% during 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. Smartleaf Asset Management LLC lifted its stake in Amer Sports by 174.3% during 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. Colonial Trust Advisors acquired a new position in Amer Sports during the first quarter worth $93,000. Finally, GAMMA Investing LLC lifted its stake in Amer Sports by 17.4% during the second quarter. GAMMA Investing LLC now owns 2,614 shares of the company's stock worth $101,000 after purchasing an additional 387 shares in the last quarter. 40.25% of the stock is currently 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.