Amer Sports, Inc. (NYSE:AS) Receives $21.43 Average PT from Analysts

Amer Sports, Inc. (NYSE:AS) has earned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $21.43.

AS has been the subject of a number of recent analyst reports. Morgan Stanley increased their target price on shares of Amer Sports from $15.00 to $19.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. The Goldman Sachs Group raised their price objective on shares of Amer Sports from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Robert W. Baird boosted their target price on Amer Sports from $20.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Wells Fargo & Company increased their price target on Amer Sports from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Finally, TD Cowen boosted their price objective on Amer Sports from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th.

Institutional Investors Weigh In On Amer Sports

Several institutional investors have recently made changes to their positions in AS. Quadrature Capital Ltd bought a new position in shares of Amer Sports during the 1st quarter valued at $390,000. Renaissance Capital LLC boosted its position in Amer Sports by 50.7% during the second quarter. Renaissance Capital LLC now owns 108,826 shares of the company’s stock worth $1,368,000 after purchasing an additional 36,632 shares during the period. Dnca Finance bought a new stake in Amer Sports during the second quarter worth approximately $81,000. Bank of New York Mellon Corp acquired a new position in Amer Sports during the second quarter valued at approximately $3,164,000. Finally, Summit Securities Group LLC bought a new position in shares of Amer Sports in the second quarter valued at approximately $297,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Amer Sports Price Performance

NYSE AS opened at $26.33 on Wednesday. The company has a 50-day moving average price of $19.20 and a two-hundred day moving average price of $15.37. Amer Sports has a 52 week low of $10.11 and a 52 week high of $26.85. The stock has a market cap of $13.30 billion and a price-to-earnings ratio of -188.06. 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.