UBS Group Reaffirms "Buy" Rating for Amer Sports (NYSE:AS)

UBS Group reissued their buy rating on shares of Amer Sports (NYSE:AS - Free Report) in a research report sent to investors on Wednesday, Marketbeat Ratings reports. UBS Group currently has a $50.00 price objective on the stock, up from their prior price objective of $37.00.

A number of other equities research analysts also recently weighed in on AS. Wells Fargo & Company lifted their price target on shares of Amer Sports from $24.00 to $25.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Morgan Stanley raised their target price on shares of Amer Sports from $19.00 to $27.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 21st. The Goldman Sachs Group lowered their price target on shares of Amer Sports from $33.00 to $28.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. TD Securities raised their price objective on Amer Sports from $30.00 to $41.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Finally, Citigroup reduced their price objective on Amer Sports from $36.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $36.67.

Amer Sports Stock Performance

NYSE:AS traded down $0.38 on Wednesday, hitting $37.12. The company's stock had a trading volume of 2,969,817 shares, compared to its average volume of 2,790,506. Amer Sports has a one year low of $10.11 and a one year high of $38.42. The firm has a market capitalization of $20.56 billion, a P/E ratio of -265.09, a price-to-earnings-growth ratio of 0.72 and a beta of 2.76. The stock has a fifty day moving average of $26.62 and a two-hundred day moving average of $27.46. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58.

Amer Sports (NYSE:AS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.12. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the business earned $0.08 EPS. Amer Sports's quarterly revenue was up 24.5% on a year-over-year basis. Research analysts predict that Amer Sports will post 0.46 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new stake in Amer Sports in the 3rd quarter valued at $25,000. West Branch Capital LLC lifted its stake in shares of Amer Sports by 14,285.7% in the fourth quarter. West Branch Capital LLC now owns 1,007 shares of the company's stock valued at $28,000 after buying an additional 1,000 shares in the last quarter. Quarry LP acquired a new position in shares of Amer Sports during the first quarter valued at about $34,000. Colonial Trust Advisors acquired a new position in shares of Amer Sports during the first quarter valued at about $93,000. Finally, Sterling Capital Management LLC increased its position in shares of Amer Sports by 55.9% during the fourth quarter. Sterling Capital Management LLC now owns 3,487 shares of the company's stock worth $97,000 after acquiring an additional 1,250 shares in the last quarter. 40.25% of the stock is owned by institutional investors and hedge funds.

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.