Amer Sports' (AS) Buy Rating Reiterated at UBS Group

Amer Sports (NYSE:AS - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at UBS Group in a report released on Wednesday, MarketBeat.com reports. They currently have a $50.00 price target on the stock, up from their previous price target of $37.00. UBS Group's price objective suggests a potential upside of 33.30% from the stock's previous close.

Several other research analysts also recently commented on AS. Citigroup cut their price target on shares of Amer Sports from $36.00 to $30.00 and set a "buy" rating for the company in a report on Monday, April 28th. Sanford C. Bernstein initiated coverage on shares of Amer Sports in a report on Thursday, February 13th. They set an "outperform" rating and a $38.00 price objective for the company. The Goldman Sachs Group dropped their price objective 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. Wells Fargo & Company lifted their price objective on shares of Amer Sports from $24.00 to $25.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Finally, Morgan Stanley lifted their price objective on shares of Amer Sports from $19.00 to $27.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Amer Sports currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.67.

Amer Sports Stock Up 1.4%

Shares of NYSE:AS opened at $37.51 on Wednesday. The firm has a fifty day moving average price of $26.44 and a two-hundred day moving average price of $27.21. 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 has a one year low of $10.11 and a one year high of $38.42. The company has a market cap of $20.77 billion, a price-to-earnings ratio of -267.91, a PEG ratio of 0.72 and a beta of 2.76.

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 the consensus estimate 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 firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the firm earned $0.08 EPS. The business's quarterly revenue was up 24.5% compared to the same quarter last year. Analysts anticipate that Amer Sports will post 0.46 EPS for the current fiscal year.

Institutional Trading of Amer Sports

Hedge funds have recently added to or reduced their stakes in the business. Element Capital Management LLC bought a new stake in Amer Sports in the fourth quarter worth $357,000. GAM Holding AG bought a new stake in Amer Sports in the fourth quarter worth $13,460,000. Renaissance Capital LLC lifted its stake in Amer Sports by 116.2% in the fourth quarter. Renaissance Capital LLC now owns 135,697 shares of the company's stock worth $3,794,000 after purchasing an additional 72,936 shares during the last quarter. Pamalican Asset Management Ltd bought a new stake in Amer Sports in the fourth quarter worth $20,970,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in Amer Sports in the fourth quarter worth $283,000. 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.