Amer Sports (NYSE:AS) Stock Rating Lowered by Zacks Research

Amer Sports (NYSE:AS) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Other research analysts have also issued reports about the company. Truist Financial set a $46.00 price target on Amer Sports in a report on Wednesday, January 14th. JPMorgan Chase & Co. dropped their target price on shares of Amer Sports from $53.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, November 17th. Deutsche Bank Aktiengesellschaft set a $49.00 price target on shares of Amer Sports in a report on Thursday, January 8th. Barclays assumed coverage on shares of Amer Sports in a research report on Tuesday, December 9th. They issued an “overweight” rating and a $49.00 price target on the stock. Finally, Nomura set a $39.80 price objective on shares of Amer Sports and gave the company a “buy” rating in a research report on Tuesday, November 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $46.06.

Amer Sports Stock Performance

Shares of NYSE AS opened at $36.42 on Monday. The business’s 50-day simple moving average is $36.83 and its 200-day simple moving average is $36.17. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.70 and a current ratio of 1.51. Amer Sports has a 52 week low of $20.21 and a 52 week high of $42.36. The firm has a market cap of $20.17 billion, a price-to-earnings ratio of 66.21, a P/E/G ratio of 0.73 and a beta of 2.86.

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

Hedge Funds Weigh In On Amer Sports

Several institutional investors have recently added to or reduced their stakes in the company. Viking Global Investors LP lifted its position in Amer Sports by 63.5% during the 3rd quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock valued at $220,436,000 after purchasing an additional 2,462,832 shares during the period. Aspex Management HK Ltd bought a new stake in shares of Amer Sports during the third quarter worth approximately $206,244,000. BNP Paribas Financial Markets lifted its holdings in Amer Sports by 57.5% in the third quarter. BNP Paribas Financial Markets now owns 3,991,563 shares of the company’s stock valued at $138,707,000 after buying an additional 1,457,951 shares during the period. Qube Research & Technologies Ltd boosted its stake in Amer Sports by 139.9% in the second quarter. Qube Research & Technologies Ltd now owns 3,887,480 shares of the company’s stock valued at $150,679,000 after acquiring an additional 2,267,066 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in Amer Sports by 32.5% in the second quarter. Marshall Wace LLP now owns 3,747,775 shares of the company’s stock valued at $145,264,000 after acquiring an additional 918,361 shares during the last quarter. 40.25% of the stock is owned by institutional investors.

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).