Amer Sports, Inc. (NYSE:AS) Receives $27.07 Consensus Price Target from Analysts

Amer Sports, Inc. (NYSE:AS) has been assigned a consensus rating of “Moderate Buy” from the sixteen analysts that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $27.07.

Several equities analysts have recently weighed in on the stock. UBS Group increased their price objective on shares of Amer Sports from $27.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Wells Fargo & Company upped their price target on shares of Amer Sports from $20.00 to $25.00 and gave the company an “equal weight” rating in a research note on Friday, December 20th. Hsbc Global Res downgraded shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 16th. Evercore ISI boosted their price objective on Amer Sports from $26.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, Robert W. Baird increased their target price on Amer Sports from $24.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th.

Hedge Funds Weigh In On Amer Sports

A number of institutional investors have recently added to or reduced their stakes in the stock. CWM LLC bought a new stake in Amer Sports during the 3rd quarter worth $73,000. Creative Planning acquired a new stake in shares of Amer Sports during the third quarter valued at about $656,000. Seven Grand Managers LLC grew its holdings in shares of Amer Sports by 566.7% during the third quarter. Seven Grand Managers LLC now owns 100,000 shares of the company’s stock worth $1,595,000 after purchasing an additional 85,000 shares during the last quarter. Signaturefd LLC acquired a new position in shares of Amer Sports in the third quarter valued at approximately $49,000. Finally, China Universal Asset Management Co. Ltd. raised its holdings in Amer Sports by 47.2% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 116,970 shares of the company’s stock valued at $1,866,000 after buying an additional 37,500 shares during the last quarter. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Amer Sports Stock Up 2.3 %

AS stock opened at $30.16 on Monday. The business’s 50 day simple moving average is $29.27 and its 200 day simple moving average is $21.10. Amer Sports has a 1-year low of $10.11 and a 1-year high of $34.00. The firm has a market capitalization of $16.48 billion and a PE ratio of -215.41. 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 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.