Hsbc Global Res Upgrades Amer Sports (NYSE:AS) to “Strong-Buy”

Amer Sports (NYSE:AS) was upgraded by analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other equities analysts have also weighed in on AS. TD Securities increased their target price on Amer Sports from $30.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, May 21st. UBS Group increased their target price on Amer Sports from $50.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Morgan Stanley increased their target price on Amer Sports from $28.00 to $33.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 21st. Wall Street Zen downgraded Amer Sports from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Finally, KGI Securities set a $44.30 price target on Amer Sports and gave the stock an “outperform” rating in a research report on Wednesday, June 25th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $41.62.

Amer Sports Trading Down 0.5%

NYSE:AS opened at $40.86 on Wednesday. Amer Sports has a 1-year low of $13.16 and a 1-year high of $42.36. The business’s 50-day moving average price is $38.30 and its two-hundred day moving average price is $32.44. 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 firm has a market capitalization of $22.63 billion, a price-to-earnings ratio of 99.67, a PEG ratio of 1.37 and a beta of 3.31.

Amer Sports (NYSE:AS) last released 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 return on equity of 6.87% and a net margin of 3.93%.The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the firm posted $0.05 earnings per share. The company’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. On average, equities analysts expect that Amer Sports will post 0.46 earnings per share for the current year.

Institutional Inflows and Outflows

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

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.