Analysts Set Amer Sports, Inc. (NYSE:AS) Price Target at $43.49

Amer Sports, Inc. (NYSE:AS) has earned a consensus rating of “Moderate Buy” from the nineteen analysts that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $43.4867.

AS has been the subject of several analyst reports. UBS Group boosted their target price on Amer Sports from $50.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. Zacks Research raised Amer Sports from a “hold” rating to a “strong-buy” rating in a research note on Monday. Nomura Securities cut Amer Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Morgan Stanley set a $41.00 price objective on Amer Sports and gave the stock a “positive” rating in a research report on Monday, September 22nd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amer Sports in a research report on Wednesday, October 8th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Citigroup Inc. boosted its position 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 acquiring an additional 412,229 shares in the last quarter. Deutsche Bank AG boosted its position 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 acquiring an additional 238,937 shares in 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 shares of Amer Sports during the 2nd quarter worth about $6,032,000. 40.25% of the stock is owned by institutional investors and hedge funds.

Amer Sports Trading Up 0.5%

AS opened at $31.05 on Friday. Amer Sports has a 12 month low of $17.32 and a 12 month high of $42.36. The stock has a market capitalization of $17.19 billion, a price-to-earnings ratio of 75.72, a PEG ratio of 0.99 and a beta of 3.04. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.60 and a quick ratio of 0.61. The business has a fifty day moving average price of $35.78 and a 200 day moving average price of $34.16.

Amer Sports (NYSE:AS) last released 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. Amer Sports had a return on equity of 6.87% and a net margin of 3.93%.The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the firm posted $0.05 EPS. Amer Sports’s revenue for the quarter was up 23.4% on a year-over-year basis. Amer Sports has set its FY 2025 guidance at 0.770-0.820 EPS. Q3 2025 guidance at 0.200-0.220 EPS. Sell-side analysts expect that Amer Sports will post 0.46 earnings per share for the current fiscal year.

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.