Amer Sports, Inc. (NYSE:AS) Receives $25.14 Average Target Price from Analysts

Shares of Amer Sports, Inc. (NYSE:AS) have earned an average rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $25.14.

Several equities analysts recently issued reports on the company. Evercore ISI boosted their price target on Amer Sports from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. HSBC cut Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a research report on Monday, December 16th. Morgan Stanley raised their target price on Amer Sports from $15.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Citigroup boosted their price target on shares of Amer Sports from $19.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Hsbc Global Res cut shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 16th.

Amer Sports Stock Performance

NYSE:AS opened at $28.78 on Friday. The firm’s 50-day moving average is $22.28 and its 200-day moving average is $16.66. The company has a market cap of $15.72 billion and a price-to-earnings ratio of -205.56. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. Amer Sports has a 52-week low of $10.11 and a 52-week high of $29.43.

Hedge Funds Weigh In On Amer Sports

A number of institutional investors and hedge funds have recently bought and sold shares of AS. Signaturefd LLC bought a new position in shares of Amer Sports in the third quarter worth about $49,000. Quarry LP acquired a new stake in shares of Amer Sports in the third quarter valued at approximately $61,000. CWM LLC bought a new position in Amer Sports in the 3rd quarter worth approximately $73,000. Amalgamated Bank acquired a new position in Amer Sports during the 2nd quarter worth $83,000. Finally, Virtu Financial LLC bought a new position in Amer Sports in the 3rd quarter valued at $167,000. Institutional investors and hedge funds own 40.25% of the company’s stock.

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.