UBS Group Issues Positive Forecast for Amer Sports (NYSE:AS) Stock Price

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

A number of other research analysts have also commented on the company. Wells Fargo & Company increased their price objective on Amer Sports from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. HSBC lowered shares of Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a research report on Monday. Evercore ISI boosted their price objective on shares of Amer Sports from $26.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Nomura Securities upgraded shares of Amer Sports to a “strong-buy” rating in a research note on Tuesday, September 24th. Finally, Morgan Stanley boosted their target price on shares of Amer Sports from $15.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Amer Sports currently has an average rating of “Moderate Buy” and an average price target of $24.79.

Amer Sports Trading Up 3.9 %

Amer Sports stock opened at $28.74 on Tuesday. Amer Sports has a one year low of $10.11 and a one year high of $29.43. The company’s fifty day moving average price is $21.59 and its two-hundred day moving average price is $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.

Hedge Funds Weigh In On Amer Sports

Large investors have recently added to or reduced their stakes in the company. Signaturefd LLC acquired a new stake in Amer Sports during the third quarter valued at approximately $49,000. Quarry LP bought a new position in shares of Amer Sports during the 3rd quarter worth approximately $61,000. CWM LLC acquired a new stake in Amer Sports in the 3rd quarter valued at $73,000. Amalgamated Bank bought a new stake in Amer Sports in the second quarter valued at $83,000. Finally, Virtu Financial LLC acquired a new position in Amer Sports during the third quarter worth $167,000. 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.