Amer Sports (NYSE:AS) Price Target Raised to $45.00 at Bank of America

Amer Sports (NYSE:AS) had its price target boosted by Bank of America from $42.00 to $45.00 in a research report report published on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms have also weighed in on AS. JPMorgan Chase & Co. upped their price objective on Amer Sports from $45.00 to $46.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. UBS Group reissued a “buy” rating and set a $50.00 target price (up from $37.00) on shares of Amer Sports in a research note on Wednesday, May 21st. Citigroup reaffirmed a “buy” rating and issued a $42.00 price target (up previously from $30.00) on shares of Amer Sports in a research report on Wednesday, May 21st. TD Securities boosted their price objective on Amer Sports from $30.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, May 21st. Finally, Wells Fargo & Company set a $35.00 target price on shares of Amer Sports and gave the company an “equal weight” rating in a report on Wednesday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.29.

Amer Sports Stock Up 4.2%

Shares of AS opened at $37.2250 on Wednesday. The company’s 50-day simple moving average is $37.85 and its 200-day simple moving average is $32.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.80 and a current ratio of 1.66. Amer Sports has a 1 year low of $13.16 and a 1 year high of $40.21. The stock has a market capitalization of $20.62 billion, a PE ratio of 90.79, a P/E/G ratio of 1.41 and a beta of 3.31.

Amer Sports (NYSE:AS) last announced its quarterly earnings data on Tuesday, August 19th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Amer Sports had a net margin of 3.93% and a return on equity of 7.14%. The business’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.05 earnings per share. Amer Sports has set its FY 2025 guidance at 0.770-0.820 EPS. Q3 2025 guidance at 0.200-0.220 EPS. Analysts forecast that Amer Sports will post 0.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Amer Sports

Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in shares of Amer Sports by 17.4% in the 2nd quarter. GAMMA Investing LLC now owns 2,614 shares of the company’s stock valued at $101,000 after buying an additional 387 shares during the last quarter. Scotia Capital Inc. boosted its stake in Amer Sports by 1.0% in the first quarter. Scotia Capital Inc. now owns 50,841 shares of the company’s stock valued at $1,359,000 after acquiring an additional 488 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of Amer Sports by 146.4% during the second quarter. SBI Securities Co. Ltd. now owns 897 shares of the company’s stock worth $35,000 after purchasing an additional 533 shares during the last quarter. Signaturefd LLC increased its position in shares of Amer Sports by 19.1% during the first quarter. Signaturefd LLC now owns 4,925 shares of the company’s stock worth $132,000 after purchasing an additional 789 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Amer Sports by 174.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company’s stock valued at $63,000 after purchasing an additional 1,011 shares during the last quarter. 40.25% of the stock is currently owned by hedge funds and other institutional investors.

About Amer Sports

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.