Amer Sports (NYSE:AS) Rating Lowered to Hold at 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 research note issued on Tuesday,Zacks.com reports.

A number of other research analysts also recently issued reports on AS. Morgan Stanley set a $41.00 price objective on Amer Sports and gave the company a “positive” rating in a research note on Monday, September 22nd. Bank of America lifted their target price on Amer Sports from $45.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Nomura set a $39.80 price target on Amer Sports and gave the stock a “buy” rating in a report on Tuesday. Citigroup reaffirmed a “buy” rating on shares of Amer Sports in a research report on Thursday, October 30th. Finally, UBS Group lifted their price objective on shares of Amer Sports from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Amer Sports currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.06.

Amer Sports Trading Up 1.3%

Shares of AS stock traded up $0.47 on Tuesday, hitting $35.23. The company had a trading volume of 1,223,054 shares, compared to its average volume of 4,364,184. The firm has a market cap of $19.51 billion, a P/E ratio of 64.05, a P/E/G ratio of 0.99 and a beta of 2.97. The stock’s 50-day moving average is $32.99 and its two-hundred day moving average is $35.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 1.60. Amer Sports has a twelve month low of $20.21 and a twelve month high of $42.36.

Amer Sports (NYSE:AS) last posted its quarterly earnings data on Tuesday, November 18th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. Amer Sports had a return on equity of 8.68% and a net margin of 5.10%.The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the firm earned $0.14 earnings per share. The firm’s quarterly 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. On average, equities research analysts anticipate that Amer Sports will post 0.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Amer Sports

A number of institutional investors have recently added to or reduced their stakes in AS. GAMMA Investing LLC lifted its position in shares of Amer Sports by 17.4% during the 2nd quarter. GAMMA Investing LLC now owns 2,614 shares of the company’s stock worth $101,000 after buying an additional 387 shares in the last quarter. Scotia Capital Inc. grew its holdings in shares of 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. increased its position 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 valued at $35,000 after acquiring an additional 533 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in Amer Sports by 1.1% during the third 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 boosted its position in Amer Sports by 2.0% in the third quarter. Handelsbanken Fonder AB now owns 35,300 shares of the company’s stock worth $1,227,000 after purchasing an additional 700 shares during the last quarter. 40.25% of the stock is owned by institutional investors.

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.