Amer Sports (NYSE:AS) Price Target Raised to $41.00 at TD Securities

Amer Sports (NYSE:AS - Get Free Report) had its price target raised by research analysts at TD Securities from $30.00 to $41.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. TD Securities' target price suggests a potential upside of 10.13% from the stock's current price.

Several other equities research analysts have also recently commented on AS. Morgan Stanley boosted their price target on shares of Amer Sports from $19.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. UBS Group increased their price target on Amer Sports from $37.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. The Goldman Sachs Group cut their price target on shares of Amer Sports from $33.00 to $28.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Citigroup dropped their target price on shares of Amer Sports from $36.00 to $30.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Finally, Sanford C. Bernstein initiated coverage on Amer Sports in a research report on Thursday, February 13th. They set an "outperform" rating and a $38.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $32.33.

Amer Sports Stock Up 18.6%

NYSE AS opened at $37.23 on Wednesday. The stock's 50 day simple moving average is $26.08 and its 200 day simple moving average is $27.01. Amer Sports has a one year low of $10.11 and a one year high of $38.19. The firm has a market cap of $20.62 billion, a PE ratio of -265.91, a price-to-earnings-growth ratio of 0.72 and a beta of 2.76. 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 - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.12. The business had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.38 billion. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The firm's revenue for the quarter was up 24.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.08 earnings per share. As a group, sell-side analysts forecast that Amer Sports will post 0.46 earnings per share for the current fiscal year.

Institutional Trading of Amer Sports

A number of institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its stake in Amer Sports by 44.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,173,674 shares of the company's stock worth $31,372,000 after purchasing an additional 358,536 shares during the period. Temasek Holdings Private Ltd acquired a new position in Amer Sports during the first quarter worth $10,081,000. Tiger Pacific Capital LP bought a new position in shares of Amer Sports in the first quarter valued at $8,316,000. Samlyn Capital LLC increased its position in shares of Amer Sports by 10.8% during the first quarter. Samlyn Capital LLC now owns 1,634,448 shares of the company's stock worth $43,689,000 after acquiring an additional 159,848 shares in the last quarter. Finally, Petrus Trust Company LTA acquired a new stake in shares of Amer Sports in the 1st quarter worth about $361,000. Institutional investors 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.

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