Amer Sports (NYSE:AS) Upgraded at Zacks Research

Zacks Research upgraded shares of Amer Sports (NYSE:AS) from a hold rating to a strong-buy rating in a research note released on Wednesday morning,Zacks.com reports.

Several other equities research analysts have also recently weighed in on AS. Truist Financial initiated coverage on Amer Sports in a research report on Monday, October 27th. They set a “buy” rating and a $42.00 price target on the stock. Evercore ISI boosted their target price on Amer Sports from $43.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 19th. Morgan Stanley set a $41.00 price objective on Amer Sports and gave the stock a “positive” rating in a report on Monday, September 22nd. HSBC set a $50.00 price objective on Amer Sports and gave the company a “buy” rating in a research report on Tuesday, August 26th. Finally, Bank of America upped their target price on Amer Sports from $45.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $44.73.

Amer Sports Price Performance

NYSE:AS opened at $38.15 on Wednesday. The firm has a fifty day simple moving average of $33.92 and a 200 day simple moving average of $36.15. The stock has a market capitalization of $21.13 billion, a PE ratio of 69.36, a P/E/G ratio of 1.04 and a beta of 2.85. The company has a current ratio of 1.51, a quick ratio of 0.70 and a debt-to-equity ratio of 0.24. Amer Sports has a 1-year low of $20.21 and a 1-year high of $42.36.

Amer Sports (NYSE:AS) last released its quarterly earnings results on Tuesday, November 18th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. Amer Sports had a net margin of 5.10% and a return on equity of 8.51%. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period last year, the firm earned $0.14 earnings per share. Amer Sports’s revenue for the quarter was up 29.7% compared to the same quarter last year. Amer Sports has set its FY 2025 guidance at 0.880-0.920 EPS. On average, research analysts expect that Amer Sports will post 0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AS. Charles Schwab Investment Management Inc. raised its holdings in shares of Amer Sports by 22.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 12,386 shares of the company’s stock valued at $331,000 after purchasing an additional 2,275 shares in the last quarter. Invesco Ltd. increased its holdings in Amer Sports by 39.3% in the 1st quarter. Invesco Ltd. now owns 60,177 shares of the company’s stock worth $1,609,000 after buying an additional 16,981 shares during the period. Nuveen LLC purchased a new position in shares of Amer Sports during the first quarter worth $9,169,000. Wellington Management Group LLP acquired a new position in shares of Amer Sports in the 1st quarter valued at about $1,458,000. Finally, Trexquant Investment LP lifted its holdings in Amer Sports by 341.1% in the first quarter. Trexquant Investment LP now owns 799,989 shares of the company’s stock valued at $21,384,000 after acquiring an additional 618,632 shares during the period. Institutional investors own 40.25% of the company’s stock.

Amer Sports Company Profile

Amer Sports (NYSE:AS) is a Helsinki-based sporting goods group that designs, develops and markets performance-oriented equipment, apparel and footwear across multiple sports. The company focuses on product innovation, brand-driven marketing and global distribution to serve athletes and outdoor enthusiasts, offering goods for activities such as skiing, running, hiking, tennis, golf and diving.

Amer Sports’ portfolio comprises well-known sports and outdoor brands, including Salomon (outdoor footwear and winter sports), Atomic (alpine skis and ski equipment), Arc’teryx (technical outerwear and climbing gear), Wilson (racquet and ball sports equipment) and Suunto (precision instruments and sports watches).