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

Wall Street Zen upgraded shares of Amer Sports (NYSE:AS) from a hold rating to a buy rating in a report released on Saturday morning.

A number of other equities analysts have also recently weighed in on AS. Hsbc Global Res raised shares of Amer Sports from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 27th. Piper Sandler started coverage on shares of Amer Sports in a research report on Thursday, June 26th. They set an “overweight” rating and a $45.00 price target on the stock. Morgan Stanley set a $41.00 price objective on shares of Amer Sports and gave the company a “positive” rating in a research report on Monday, September 22nd. Nomura Securities cut shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Finally, Bank of America boosted their price objective on shares of Amer Sports from $45.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.49.

Amer Sports Price Performance

Shares of AS stock opened at $30.86 on Friday. Amer Sports has a 52-week low of $17.32 and a 52-week high of $42.36. The stock has a market cap of $17.09 billion, a PE ratio of 75.27, a PEG ratio of 0.99 and a beta of 3.04. 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 firm’s 50 day moving average price is $36.07 and its two-hundred day moving average price is $34.20.

Amer Sports (NYSE:AS) last announced its quarterly earnings results on Tuesday, August 19th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Amer Sports had a net margin of 3.93% and a return on equity of 6.87%. The business’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same period last year, the firm posted $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. As a group, analysts forecast that Amer Sports will post 0.46 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Citigroup Inc. increased its stake in shares of Amer Sports by 1,402.2% during the 1st quarter. Citigroup Inc. now owns 441,628 shares of the company’s stock worth $11,805,000 after purchasing an additional 412,229 shares during the last quarter. Deutsche Bank AG increased its stake in shares of Amer Sports by 25.9% during the 1st quarter. Deutsche Bank AG now owns 1,160,491 shares of the company’s stock worth $31,020,000 after purchasing an additional 238,937 shares during the last quarter. Vontobel Holding Ltd. acquired a new position in shares of Amer Sports during the 1st quarter worth about $245,000. Entropy Technologies LP acquired a new position in shares of Amer Sports during the 1st quarter worth about $995,000. Finally, Exchange Traded Concepts LLC acquired a new position in Amer Sports in the 2nd quarter valued at about $6,032,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.

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.