Amer Sports (NYSE:AS) Price Target Raised to $37.00

Amer Sports (NYSE:AS) had its target price raised by research analysts at UBS Group from $27.00 to $37.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price objective would indicate a potential upside of 27.37% from the stock’s previous close.

Other analysts have also issued research reports about the company. Citigroup upped their price objective on Amer Sports from $19.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. TD Cowen boosted their price objective on Amer Sports from $23.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Robert W. Baird increased their price objective on Amer Sports from $24.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Hsbc Global Res lowered Amer Sports from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, JPMorgan Chase & Co. lifted their price objective on Amer Sports from $19.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.79.

Amer Sports Trading Up 5.1 %

Shares of NYSE:AS traded up $1.40 during midday trading on Tuesday, reaching $29.05. The company had a trading volume of 1,773,935 shares, compared to its average volume of 1,915,317. Amer Sports has a 1-year low of $10.11 and a 1-year high of $29.43. The company has a fifty day simple moving average of $21.39 and a two-hundred day simple moving average of $16.21. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. The firm has a market cap of $15.87 billion and a price-to-earnings ratio of -208.21.

Institutional Investors Weigh In On Amer Sports

Several large investors have recently added to or reduced their stakes in the stock. Signaturefd LLC acquired a new position in shares of Amer Sports in the 3rd quarter valued at $49,000. Quarry LP purchased a new position in Amer Sports in the 3rd quarter worth approximately $61,000. CWM LLC purchased a new position in Amer Sports in the 3rd quarter worth approximately $73,000. Amalgamated Bank acquired a new stake in shares of Amer Sports during the 2nd quarter worth approximately $83,000. Finally, Virtu Financial LLC acquired a new stake in Amer Sports in the 3rd quarter valued at approximately $167,000. 40.25% of the stock is owned by institutional investors.

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.