Analysts Set Amer Sports, Inc. (NYSE:AS) PT at $46.06

Shares of Amer Sports, Inc. (NYSE:AS) have received an average rating of “Buy” from the twenty-one ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $46.0611.

Several equities research analysts have recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Amer Sports in a report on Monday, December 29th. Truist Financial set a $46.00 price objective on shares of Amer Sports in a report on Wednesday, January 14th. UBS Group lifted their price objective on shares of Amer Sports from $54.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Wall Street Zen lowered shares of Amer Sports from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Finally, Deutsche Bank Aktiengesellschaft set a $49.00 price target on Amer Sports in a research note on Thursday, January 8th.

Institutional Trading of Amer Sports

Institutional investors and hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd increased its position in Amer Sports by 484.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock worth $29,000 after buying an additional 703 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings in Amer Sports by 146.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 897 shares of the company’s stock worth $35,000 after acquiring an additional 533 shares during the last quarter. Financial Consulate Inc. purchased a new stake in Amer Sports in the 3rd quarter worth about $40,000. PNC Financial Services Group Inc. raised its stake in Amer Sports by 241.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock valued at $42,000 after acquiring an additional 848 shares during the period. Finally, Pacer Advisors Inc. purchased a new stake in Amer Sports during the third quarter valued at about $44,000. 40.25% of the stock is owned by hedge funds and other institutional investors.

Amer Sports Stock Performance

NYSE AS opened at $36.58 on Monday. The company has a market capitalization of $20.26 billion, a price-to-earnings ratio of 66.51, a PEG ratio of 0.74 and a beta of 2.86. The company has a quick ratio of 0.70, a current ratio of 1.51 and a debt-to-equity ratio of 0.24. Amer Sports has a twelve month low of $20.21 and a twelve month high of $42.36. The stock has a fifty day simple moving average of $37.58 and a 200 day simple moving average of $36.13.

Amer Sports (NYSE:AS) last released its earnings results on Tuesday, November 18th. The company reported $0.33 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the firm posted $0.14 EPS. The company’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. Sell-side analysts expect that Amer Sports will post 0.46 EPS for the current year.

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).