Brokerages Set Amer Sports, Inc. (NYSE:AS) Price Target at $44.73

Shares of Amer Sports, Inc. (NYSE:AS) have received a consensus recommendation of “Buy” from the twenty-two research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, eighteen have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $44.7278.

Several research firms recently commented on AS. Robert W. Baird upped their target price on Amer Sports from $45.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, September 19th. Nomura set a $39.80 price target on Amer Sports and gave the company a “buy” rating in a report on Tuesday, November 18th. Zacks Research upgraded shares of Amer Sports from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 17th. Truist Financial initiated coverage on shares of Amer Sports in a report on Monday, October 27th. They issued a “buy” rating and a $42.00 price target on the stock. Finally, Citigroup restated a “buy” rating on shares of Amer Sports in a report on Thursday, October 30th.

Hedge Funds Weigh In On Amer Sports

A number of large investors have recently modified their holdings of the company. Park Avenue Securities LLC purchased a new position in Amer Sports in the fourth quarter valued at approximately $385,000. JPMorgan Chase & Co. increased its position in shares of Amer Sports by 9.3% in the third quarter. JPMorgan Chase & Co. now owns 684,783 shares of the company’s stock worth $23,796,000 after acquiring an additional 58,350 shares in the last quarter. Polar Asset Management Partners Inc. purchased a new position in shares of Amer Sports in the 3rd quarter valued at $2,519,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Amer Sports by 484.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock valued at $29,000 after acquiring an additional 703 shares in the last quarter. Finally, Stance Capital LLC purchased a new stake in Amer Sports during the 3rd quarter worth $1,284,000. 40.25% of the stock is currently owned by hedge funds and other institutional investors.

Amer Sports Stock Performance

NYSE:AS opened at $37.07 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.51 and a quick ratio of 0.70. The firm has a market cap of $20.53 billion, a PE ratio of 67.40, a P/E/G ratio of 0.84 and a beta of 2.86. The firm has a 50 day simple moving average of $35.35 and a 200-day simple moving average of $36.18. Amer Sports has a 1-year low of $20.21 and a 1-year high of $42.36.

Amer Sports (NYSE:AS) last released its earnings results on Tuesday, November 18th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.25 by $0.08. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Amer Sports had a net margin of 5.10% and a return on equity of 8.51%. Amer Sports’s revenue for the quarter was up 29.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 EPS. Amer Sports has set its FY 2025 guidance at 0.880-0.920 EPS. On average, equities analysts expect that Amer Sports will post 0.46 EPS for the current year.

About Amer Sports

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).