Amer Sports (NYSE:AS) Rating Increased to Buy 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.

Several other research analysts also recently issued reports on the company. KGI Securities set a $44.30 price objective on Amer Sports and gave the stock an “outperform” rating in a report on Wednesday, June 25th. Zacks Research downgraded Amer Sports from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 28th. Morgan Stanley set a $41.00 price objective on Amer Sports and gave the stock a “positive” rating in a research note on Monday, September 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amer Sports in a research note on Wednesday, October 8th. Finally, UBS Group increased their target price on Amer Sports from $50.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Amer Sports presently has an average rating of “Moderate Buy” and a consensus price target of $43.49.

Amer Sports Trading Up 0.4%

Shares of AS opened at $30.77 on Friday. 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 company has a market cap of $17.04 billion, a price-to-earnings ratio of 75.04, a PEG ratio of 0.99 and a beta of 3.04. The stock has a fifty day moving average price of $36.19 and a two-hundred day moving average price of $34.09. Amer Sports has a 52-week low of $17.32 and a 52-week high of $42.36.

Amer Sports (NYSE:AS) last announced its earnings results on Tuesday, August 19th. The company reported $0.06 EPS for the quarter, topping the consensus estimate 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 return on equity of 6.87% and a net margin of 3.93%.The business’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the business 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. Analysts predict that Amer Sports will post 0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Amer Sports

Several hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in 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 acquiring an additional 387 shares during the last quarter. Scotia Capital Inc. raised its position in shares of Amer Sports by 1.0% in the first quarter. Scotia Capital Inc. now owns 50,841 shares of the company’s stock valued at $1,359,000 after buying an additional 488 shares in the last quarter. SBI Securities Co. Ltd. raised its position in shares of Amer Sports by 146.4% in the second quarter. SBI Securities Co. Ltd. now owns 897 shares of the company’s stock valued at $35,000 after buying an additional 533 shares in the last quarter. Signaturefd LLC raised its position in shares of Amer Sports by 19.1% in the first quarter. Signaturefd LLC now owns 4,925 shares of the company’s stock valued at $132,000 after buying an additional 789 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Amer Sports by 174.3% in the second quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company’s stock valued at $63,000 after buying an additional 1,011 shares in the last quarter. 40.25% of the stock is currently owned by institutional investors and hedge funds.

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.