Amer Sports (NYSE:AS) Given New $37.00 Price Target at UBS Group

Amer Sports (NYSE:AS) had its price objective boosted by investment analysts at UBS Group from $27.00 to $37.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price objective would indicate a potential upside of 33.62% from the stock’s current price.

AS has been the subject of a number of other reports. Morgan Stanley increased their target price on Amer Sports from $15.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Evercore ISI raised their target price on Amer Sports from $26.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Hsbc Global Res lowered shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday. Robert W. Baird increased their price target on shares of Amer Sports from $24.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, TD Cowen boosted their price objective on shares of Amer Sports from $23.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Five equities research 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, the company has a consensus rating of “Moderate Buy” and an average price target of $24.79.

Amer Sports Trading Down 3.7 %

NYSE AS opened at $27.69 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $15.13 billion and a P/E ratio of -197.77. Amer Sports has a 52-week low of $10.11 and a 52-week high of $29.43. The firm has a 50-day moving average price of $21.76 and a 200 day moving average price of $16.38.

Institutional Investors Weigh In On Amer Sports

A number of large investors have recently bought and sold shares of the stock. Signaturefd LLC purchased a new stake in shares of Amer Sports during the third quarter worth about $49,000. Quarry LP purchased a new stake in Amer Sports in the 3rd quarter worth approximately $61,000. CWM LLC acquired a new position in Amer Sports in the 3rd quarter valued at $73,000. Amalgamated Bank purchased a new position in shares of Amer Sports during the 2nd quarter worth $83,000. Finally, Virtu Financial LLC acquired a new stake in shares of Amer Sports during the third quarter worth $167,000. Institutional investors and hedge funds own 40.25% of the company’s stock.

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.