Amer Sports, Inc. (NYSE:AS) Receives $46.06 Consensus Price Target from Analysts

Amer Sports, Inc. (NYSE:AS) has been assigned an average recommendation of “Buy” from the twenty-one research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, seventeen have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $46.0611.

Several research analysts recently issued reports on AS shares. Barclays began coverage on shares of Amer Sports in a report on Tuesday, December 9th. They set an “overweight” rating and a $49.00 price objective on the stock. Evercore ISI increased their price target on shares of Amer Sports from $43.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday, November 19th. JPMorgan Chase & Co. dropped their price objective on shares of Amer Sports from $53.00 to $50.00 and set an “overweight” rating for the company in a research report on Monday, November 17th. Wall Street Zen downgraded Amer Sports from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Finally, Truist Financial set a $46.00 target price on Amer Sports in a research note on Wednesday, January 14th.

Institutional Trading of Amer Sports

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in Amer Sports by 17.4% during the 2nd quarter. GAMMA Investing LLC now owns 2,614 shares of the company’s stock valued at $101,000 after purchasing an additional 387 shares during the period. Choreo LLC lifted its holdings in Amer Sports by 4.9% in the fourth quarter. Choreo LLC now owns 9,387 shares of the company’s stock valued at $354,000 after buying an additional 437 shares during the period. SBI Securities Co. Ltd. boosted its stake in 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 acquiring an additional 533 shares during the last quarter. Mackenzie Financial Corp grew its holdings in Amer Sports by 1.1% during the 3rd quarter. Mackenzie Financial Corp now owns 48,745 shares of the company’s stock worth $1,694,000 after acquiring an additional 540 shares during the period. Finally, Handelsbanken Fonder AB raised its position in shares of Amer Sports by 2.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 35,300 shares of the company’s stock valued at $1,227,000 after acquiring an additional 700 shares during the last quarter. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Amer Sports Stock Performance

NYSE:AS opened at $37.22 on Monday. The stock has a market capitalization of $20.62 billion, a P/E ratio of 67.68, a price-to-earnings-growth ratio of 0.75 and a beta of 2.86. 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. The firm has a 50 day moving average of $37.47 and a 200-day moving average of $36.14.

Amer Sports (NYSE:AS) last issued its quarterly earnings data on Tuesday, November 18th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.08. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.73 billion. Amer Sports had a return on equity of 8.51% and a net margin of 5.10%.The business’s revenue for the quarter was up 29.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS. Amer Sports has set its FY 2025 guidance at 0.880-0.920 EPS. As a group, sell-side analysts anticipate that Amer Sports will post 0.46 EPS for the current fiscal 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).