Weiss Ratings Reaffirms Hold (C-) Rating for Amer Sports (NYSE:AS)

Key Points

• Weiss Ratings has reaffirmed a "hold (C-)" rating for Amer Sports, while several other analysts have provided mixed ratings, with JPMorgan and Citigroup issuing "overweight" and "buy" ratings respectively.
• Amer Sports' stock recently traded at $34.52, maintaining a market capitalization of $19.12 billion and a price-to-earnings ratio of 84.20, with the stock experiencing significant trading volume.
• The company reported earnings of $0.06 per share for the last quarter, surpassing estimates, with revenues increasing by 23.4% year-over-year to $1.24 billion.

Amer Sports (NYSE:AS - Get Free Report)'s stock had its "hold (c-)" rating reiterated by equities research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also recently issued reports on AS. JPMorgan Chase & Co. lifted their target price on shares of Amer Sports from $46.00 to $53.00 and gave the stock an "overweight" rating in a research report on Friday, September 19th. Citigroup lifted their price target on shares of Amer Sports from $42.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, September 19th. Hsbc Global Res upgraded shares of Amer Sports from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 27th. Nomura Securities downgraded shares of Amer Sports from a "strong-buy" rating to a "hold" rating in a report on Monday, September 22nd. Finally, Bank of America lifted their price target on shares of Amer Sports from $45.00 to $46.00 and gave the stock a "buy" rating in a report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Amer Sports presently has a consensus rating of "Moderate Buy" and an average target price of $43.49.

Amer Sports Stock Performance

Amer Sports stock traded up $0.36 during midday trading on Wednesday, hitting $34.52. 3,926,809 shares of the company's stock were exchanged, compared to its average volume of 4,143,539. Amer Sports has a 12-month low of $17.32 and a 12-month 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. The stock has a market cap of $19.12 billion, a price-to-earnings ratio of 84.20, a price-to-earnings-growth ratio of 1.09 and a beta of 3.04. The firm's 50 day simple moving average is $37.20 and its 200 day simple moving average is $33.87.

Amer Sports (NYSE:AS - Get Free Report) last issued 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 net margin of 3.93% and a return on equity of 6.87%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the firm earned $0.05 earnings per share. The business's quarterly revenue was up 23.4% compared to the same quarter last year. 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 predict that Amer Sports will post 0.46 EPS for the current year.

Institutional Investors Weigh In On Amer Sports

Institutional investors have recently bought and sold shares of the business. Quarry LP acquired a new position in shares of Amer Sports during the first quarter worth $34,000. SBI Securities Co. Ltd. lifted its position in shares of 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 position in shares of 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 shares of Amer Sports during the first quarter worth $93,000. Finally, GAMMA Investing LLC lifted its position in shares of 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 hedge funds and other institutional investors.

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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