Amer Sports, Inc. (NYSE:AS) Given Average Recommendation of “Buy” by Analysts

Shares of Amer Sports, Inc. (NYSE:AS) have been given an average recommendation of “Buy” by the seventeen brokerages that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $41.62.

A number of equities analysts recently commented on the company. TD Securities upped their target price on Amer Sports from $30.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, May 21st. UBS Group upped their target price on Amer Sports from $50.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. JPMorgan Chase & Co. upped their target price on Amer Sports from $45.00 to $46.00 and gave the company an “overweight” rating in a report on Monday, July 28th. The Goldman Sachs Group upped their target price on Amer Sports from $44.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Finally, Wall Street Zen downgraded Amer Sports from a “buy” rating to a “hold” rating in a report on Saturday, August 9th.

Hedge Funds Weigh In On Amer Sports

A number of institutional investors have recently added to or reduced their stakes in the company. Hollencrest Capital Management bought a new position in shares of Amer Sports during the second quarter valued at $102,000. Headlands Technologies LLC increased its holdings in shares of Amer Sports by 9,512.2% during the second quarter. Headlands Technologies LLC now owns 55,078 shares of the company’s stock valued at $2,135,000 after acquiring an additional 54,505 shares in the last quarter. Rakuten Securities Inc. increased its holdings in shares of Amer Sports by 3,375.6% during the second quarter. Rakuten Securities Inc. now owns 3,128 shares of the company’s stock valued at $121,000 after acquiring an additional 3,038 shares in the last quarter. Keel Point LLC purchased a new stake in shares of Amer Sports during the second quarter valued at $258,000. Finally, Vident Advisory LLC boosted its position in shares of Amer Sports by 14.0% during the second quarter. Vident Advisory LLC now owns 713,740 shares of the company’s stock valued at $27,665,000 after buying an additional 87,786 shares during the last quarter. Institutional investors own 40.25% of the company’s stock.

Amer Sports Stock Performance

NYSE:AS opened at $40.86 on Friday. The firm has a market cap of $22.63 billion, a PE ratio of 99.67, a price-to-earnings-growth ratio of 1.37 and a beta of 3.31. Amer Sports has a fifty-two week low of $13.16 and a fifty-two week 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 business has a 50 day moving average price of $38.30 and a 200-day moving average price of $32.44.

Amer Sports (NYSE:AS) last announced 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 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 revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $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 predict that Amer Sports will post 0.46 earnings per share for the current year.

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.