Amer Sports (NYSE:AS) Stock Price Expected to Rise, UBS Group Analyst Says

Amer Sports (NYSE:AS) had its target price increased by UBS Group from $24.00 to $27.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s target price indicates a potential upside of 13.51% from the company’s previous close.

AS has been the topic of several other reports. TD Cowen boosted their price target on Amer Sports from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their price objective on Amer Sports from $19.00 to $26.00 and gave the company an “overweight” rating in a research report on Wednesday. Robert W. Baird raised their target price on Amer Sports from $20.00 to $24.00 and gave the stock an “outperform” rating in a research report on Wednesday. Wells Fargo & Company boosted their price target on shares of Amer Sports from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, The Goldman Sachs Group raised their price objective on shares of Amer Sports from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Amer Sports has a consensus rating of “Moderate Buy” and a consensus target price of $21.43.

Amer Sports Trading Up 13.5 %

Shares of Amer Sports stock opened at $23.79 on Wednesday. Amer Sports has a 1 year low of $10.11 and a 1 year high of $23.99. The company’s fifty day simple moving average is $17.72 and its 200-day simple moving average is $14.85. The company has a market cap of $12.02 billion and a price-to-earnings ratio of -164.43. The company has a current ratio of 1.87, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58.

Amer Sports (NYSE:AS) last posted its quarterly earnings results on Tuesday, August 20th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.11. The company had revenue of $993.80 million for the quarter, compared to analyst estimates of $947.59 million. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.59%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. As a group, sell-side analysts expect that Amer Sports will post 0.44 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of AS. Signaturefd LLC acquired a new position in Amer Sports during the 3rd quarter worth about $49,000. Quarry LP bought a new position in shares of Amer Sports during the 3rd quarter valued at about $61,000. CWM LLC acquired a new position in shares of Amer Sports in the third quarter valued at approximately $73,000. Dnca Finance bought a new position in Amer Sports during the 2nd quarter worth about $81,000. Finally, Amalgamated Bank acquired a new stake in Amer Sports in the 2nd quarter valued at approximately $83,000. 40.25% of the stock is owned by institutional investors and hedge funds.

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.