Amer Sports (NYSE:AS) PT Raised to $21.00

Amer Sports (NYSE:AS) had its target price raised by TD Cowen from $17.00 to $21.00 in a research report sent to investors on Tuesday morning, Benzinga reports. TD Cowen currently has a buy rating on the stock.

AS has been the topic of several other research reports. Evercore ISI restated an “outperform” rating and set a $21.00 price objective on shares of Amer Sports in a report on Wednesday, August 21st. Wells Fargo & Company lowered shares of Amer Sports from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $17.00 to $19.00 in a research report on Monday, October 14th. Nomura Securities upgraded shares of Amer Sports to a “strong-buy” rating in a research report on Tuesday, September 24th. Finally, UBS Group lifted their target price on shares of Amer Sports from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Four 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.86.

Amer Sports Trading Up 2.9 %

Shares of AS opened at $18.90 on Tuesday. Amer Sports has a one year low of $10.11 and a one year high of $19.73. The company has a current ratio of 1.87, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The company’s fifty day moving average price is $15.13 and its 200 day moving average price is $14.14.

Amer Sports (NYSE:AS) last posted its quarterly earnings data 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. Amer Sports had a negative net margin of 2.79% and a negative return on equity of 0.63%. The company had revenue of $993.80 million for the quarter, compared to the consensus estimate of $947.59 million. The business’s revenue was up 16.0% on a year-over-year basis. Equities research analysts anticipate that Amer Sports will post 0.43 earnings per share for the current year.

Hedge Funds Weigh In On Amer Sports

A number of institutional investors have recently modified their holdings of AS. Capstone Investment Advisors LLC bought a new position in shares of Amer Sports in the first quarter worth about $7,301,000. Sei Investments Co. bought a new position in shares of Amer Sports in the first quarter worth about $968,000. Value Star Asset Management Hong Kong Ltd bought a new position in shares of Amer Sports in the first quarter worth about $2,061,000. Tocqueville Asset Management L.P. bought a new stake in shares of Amer Sports during the first quarter worth approximately $813,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Amer Sports during the first quarter worth approximately $5,705,000. 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.