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

Amer Sports (NYSE:AS) had its price objective increased by UBS Group from $37.00 to $42.00 in a research report report published on Wednesday,Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other brokerages have also recently weighed in on AS. JPMorgan Chase & Co. raised their price objective on Amer Sports from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday. Evercore ISI boosted their price objective on shares of Amer Sports from $26.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. TD Cowen increased their target price on shares of Amer Sports from $29.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Sanford C. Bernstein initiated coverage on shares of Amer Sports in a research report on Thursday, February 13th. They issued an “outperform” rating and a $38.00 target price on the stock. Finally, Citigroup upped their price target on shares of Amer Sports from $24.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Amer Sports currently has an average rating of “Moderate Buy” and an average price target of $31.50.

Amer Sports Price Performance

AS stock opened at $30.31 on Wednesday. The firm has a 50 day simple moving average of $30.05 and a two-hundred day simple moving average of $22.48. The stock has a market cap of $16.56 billion and a PE ratio of -216.51. Amer Sports has a one year low of $10.11 and a one year high of $34.00. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77.

Amer Sports (NYSE:AS) last announced its earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 during the quarter, compared to analyst estimates of $1.60 billion. The firm’s revenue for the quarter was up 23.2% compared to the same quarter last year. On average, analysts predict that Amer Sports will post 0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new stake in shares of Amer Sports in the 3rd quarter worth approximately $25,000. West Branch Capital LLC lifted its stake in Amer Sports by 14,285.7% in the fourth quarter. West Branch Capital LLC now owns 1,007 shares of the company’s stock worth $28,000 after acquiring an additional 1,000 shares during the period. Kieckhefer Group LLC bought a new stake in Amer Sports in the fourth quarter valued at $42,000. Signaturefd LLC purchased a new position in Amer Sports during the 3rd quarter valued at $49,000. Finally, GAMMA Investing LLC raised its holdings in Amer Sports by 61.8% in the 4th quarter. GAMMA Investing LLC now owns 1,942 shares of the company’s stock worth $54,000 after purchasing an additional 742 shares in the last quarter. Institutional investors 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.