Robert W. Baird Forecasts Strong Price Appreciation for Amer Sports (NYSE:AS) Stock

Amer Sports (NYSE:AS) had its price objective raised by equities research analysts at Robert W. Baird from $24.00 to $30.00 in a report released on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 17.00% from the company’s previous close.

A number of other equities research analysts have also recently commented on AS. The Goldman Sachs Group increased 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. TD Cowen upped their target price on Amer Sports from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Wells Fargo & Company raised their price target on Amer Sports from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. UBS Group increased their price objective on Amer Sports from $24.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Morgan Stanley upped their target price on shares of Amer Sports from $15.00 to $19.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Amer Sports has a consensus rating of “Moderate Buy” and an average price target of $22.79.

Amer Sports Stock Down 0.6 %

AS stock opened at $25.64 on Monday. Amer Sports has a one year low of $10.11 and a one year high of $26.85. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. The company has a fifty day moving average of $20.58 and a 200-day moving average of $15.87. The stock has a market capitalization of $14.01 billion and a PE ratio of -183.13.

Institutional Trading of Amer Sports

A number of hedge funds and other institutional investors have recently made changes to their positions in AS. FMR LLC grew its stake in Amer Sports by 71.2% in the third quarter. FMR LLC now owns 7,533,007 shares of the company’s stock worth $120,151,000 after purchasing an additional 3,133,312 shares in the last quarter. Hood River Capital Management LLC increased its holdings in shares of Amer Sports by 32.9% in the 2nd quarter. Hood River Capital Management LLC now owns 3,896,784 shares of the company’s stock valued at $48,983,000 after acquiring an additional 965,625 shares during the last quarter. Point72 Hong Kong Ltd raised its position in shares of Amer Sports by 557.7% during the 2nd quarter. Point72 Hong Kong Ltd now owns 3,274,519 shares of the company’s stock valued at $41,161,000 after acquiring an additional 2,776,619 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in Amer Sports by 308.3% during the second quarter. Point72 Asset Management L.P. now owns 3,106,202 shares of the company’s stock worth $39,045,000 after purchasing an additional 2,345,420 shares during the last quarter. Finally, WCM Investment Management LLC boosted its holdings in Amer Sports by 29.9% in the third quarter. WCM Investment Management LLC now owns 1,330,092 shares of the company’s stock worth $21,787,000 after purchasing an additional 306,001 shares during the period. Institutional investors 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.