By otakuyassine3@gmail.com 
Amer Sports (NYSE:AS – Get Free Report) had its target price upped by equities research analysts at UBS Group from $37.00 to $42.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price objective points to a potential upside of 46.67% from the company’s previous close.
Several other analysts have also weighed in on the company. TD Cowen upped their price objective on Amer Sports from $29.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Morgan Stanley upped their price target on shares of Amer Sports from $19.00 to $27.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Wells Fargo & Company lifted their price objective on shares of Amer Sports from $25.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Wednesday. HSBC lowered shares of Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a research note on Monday, December 16th. Finally, Robert W. Baird lifted their price target on shares of Amer Sports from $24.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Four research 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $31.50.
Check Out Our Latest Report on Amer Sports
Amer Sports Stock Down 5.5 %
AS stock opened at $28.64 on Wednesday. The firm’s 50-day moving average is $30.08 and its two-hundred day moving average is $22.52. The company has a market capitalization of $15.65 billion and a price-to-earnings ratio of -204.52. Amer Sports has a 52 week low of $10.11 and a 52 week high of $34.00. 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 earnings results on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The company’s revenue was up 23.2% on a year-over-year basis. On average, analysts forecast that Amer Sports will post 0.46 earnings per share for the current fiscal year.
Institutional Trading of Amer Sports
Several large investors have recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of Amer Sports by 250.7% during the fourth quarter. FMR LLC now owns 26,414,511 shares of the company’s stock valued at $738,550,000 after buying an additional 18,881,504 shares in the last quarter. Brilliance Asset Management Ltd. boosted its position in Amer Sports by 5.1% during the 4th quarter. Brilliance Asset Management Ltd. now owns 4,073,061 shares of the company’s stock worth $113,883,000 after acquiring an additional 196,380 shares during the period. Candlestick Capital Management LP grew its stake in Amer Sports by 1.7% during the 4th quarter. Candlestick Capital Management LP now owns 3,864,510 shares of the company’s stock valued at $108,052,000 after acquiring an additional 63,078 shares in the last quarter. WT Asset Management Ltd increased its holdings in shares of Amer Sports by 188.2% in the 4th quarter. WT Asset Management Ltd now owns 3,606,363 shares of the company’s stock valued at $100,834,000 after purchasing an additional 2,355,182 shares during the period. Finally, Marshall Wace LLP increased its holdings in shares of Amer Sports by 262.5% in the 4th quarter. Marshall Wace LLP now owns 3,316,167 shares of the company’s stock valued at $92,720,000 after purchasing an additional 2,401,302 shares during the period. 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.
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