Deutsche Bank Aktiengesellschaft Initiates Coverage on Amer Sports (NYSE:AS)

Analysts at Deutsche Bank Aktiengesellschaft initiated coverage on shares of Amer Sports (NYSE:AS) in a research note issued on Thursday, MarketBeat Ratings reports. The brokerage set a “buy” rating on the stock.

AS has been the topic of several other reports. UBS Group boosted their target price on Amer Sports from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday. Truist Financial started coverage on Amer Sports in a research report on Monday, October 27th. They issued a “buy” rating and a $42.00 price objective for the company. Wells Fargo & Company lifted their price objective on Amer Sports from $40.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, December 16th. Wall Street Zen cut Amer Sports from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Finally, Citigroup restated a “buy” rating on shares of Amer Sports in a research note on Thursday, October 30th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Amer Sports has an average rating of “Buy” and a consensus price target of $45.84.

Amer Sports Stock Down 1.4%

AS opened at $38.57 on Thursday. The firm has a market cap of $21.36 billion, a price-to-earnings ratio of 70.12, a PEG ratio of 0.87 and a beta of 2.86. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.70 and a current ratio of 1.51. The firm’s 50-day simple moving average is $35.89 and its 200-day simple moving average is $36.25. Amer Sports has a twelve month low of $20.21 and a twelve month high of $42.36.

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

Institutional Trading of Amer Sports

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aspex Management HK Ltd acquired a new stake in shares of Amer Sports during the 3rd quarter worth approximately $206,244,000. Scopus Asset Management L.P. acquired a new position in Amer Sports in the second quarter valued at approximately $108,562,000. Viking Global Investors LP lifted its holdings in Amer Sports by 63.5% in the third quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock valued at $220,436,000 after buying an additional 2,462,832 shares during the period. WT Asset Management Ltd boosted its stake in Amer Sports by 221.5% in the third quarter. WT Asset Management Ltd now owns 3,499,062 shares of the company’s stock valued at $121,592,000 after acquiring an additional 2,410,861 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its holdings in Amer Sports by 139.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 3,887,480 shares of the company’s stock worth $150,679,000 after acquiring an additional 2,267,066 shares during the period. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Amer Sports Company Profile

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).