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

Amer Sports (NYSE:AS) had its price objective hoisted by UBS Group from $27.00 to $37.00 in a report released on Tuesday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other analysts have also weighed in on AS. The Goldman Sachs Group upped their price objective on Amer Sports from $24.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. HSBC lowered shares of Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a research report on Monday. JPMorgan Chase & Co. boosted their target price on shares of Amer Sports from $19.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Nomura Securities raised shares of Amer Sports to a “strong-buy” rating in a research note on Tuesday, September 24th. Finally, Evercore ISI lifted their price target on shares of Amer Sports from $26.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Amer Sports currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.79.

Amer Sports Stock Performance

AS opened at $28.74 on Tuesday. The business has a 50 day moving average price of $21.59 and a two-hundred day moving average price of $16.30. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77. The company has a market capitalization of $15.70 billion and a price-to-earnings ratio of -205.29. Amer Sports has a 1-year low of $10.11 and a 1-year high of $29.43.

Hedge Funds Weigh In On Amer Sports

Large investors have recently made changes to their positions in the business. Sanctuary Advisors LLC acquired a new position in shares of Amer Sports in the third quarter worth $168,000. Virtu Financial LLC purchased a new position in Amer Sports in the third quarter valued at about $167,000. Public Employees Retirement System of Ohio purchased a new position in Amer Sports in the third quarter valued at about $337,000. Y Intercept Hong Kong Ltd acquired a new position in Amer Sports in the 3rd quarter worth about $467,000. Finally, XTX Topco Ltd purchased a new stake in shares of Amer Sports during the 3rd quarter worth about $609,000. Institutional investors and hedge funds 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.