Amer Sports (NYSE:AS) Price Target Raised to $42.00 at UBS Group

Amer Sports (NYSE:AS) had its price target lifted by UBS Group from $37.00 to $42.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently weighed in on the company. Sanford C. Bernstein started coverage on Amer Sports in a research note on Thursday, February 13th. They issued an “outperform” rating and a $38.00 target price on the stock. Hsbc Global Res cut Amer Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 16th. TD Cowen raised their target price on Amer Sports from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Evercore ISI lifted their target price on Amer Sports from $26.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Finally, HSBC lowered shares of Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a research report on Monday, December 16th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $31.50.

Amer Sports Price Performance

Shares of NYSE:AS opened at $30.31 on Wednesday. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58. The stock has a market cap of $16.56 billion and a PE ratio of -216.51. The stock’s fifty day simple moving average is $30.05 and its two-hundred day simple moving average is $22.48. Amer Sports has a 1-year low of $10.11 and a 1-year high of $34.00.

Amer Sports (NYSE:AS) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.60 billion. The firm’s revenue was up 23.2% compared to the same quarter last year. As a group, analysts forecast that Amer Sports will post 0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Amer Sports

Several institutional investors have recently made changes to their positions in the stock. Creative Planning purchased a new stake in Amer Sports during the 3rd quarter worth about $656,000. Signaturefd LLC bought a new stake in shares of Amer Sports during the third quarter valued at about $49,000. WT Asset Management Ltd lifted its holdings in shares of Amer Sports by 104.4% in the third quarter. WT Asset Management Ltd now owns 1,251,181 shares of the company’s stock worth $19,956,000 after buying an additional 638,939 shares in the last quarter. WCM Investment Management LLC boosted its position in shares of Amer Sports by 29.9% in the third quarter. WCM Investment Management LLC now owns 1,330,092 shares of the company’s stock valued at $21,787,000 after acquiring an additional 306,001 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in Amer Sports during the third quarter valued at approximately $2,097,000. Hedge funds and other institutional investors own 40.25% of the company’s stock.

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.