Amer Sports (NYSE:AS) Given New $30.00 Price Target at Evercore ISI

Amer Sports (NYSE:AS) had its price objective lifted by Evercore ISI from $26.00 to $30.00 in a report released on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

AS has been the topic of several other reports. Robert W. Baird lifted their target price 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. The Goldman Sachs Group lifted their price target on shares of Amer Sports from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. TD Cowen increased their price objective on Amer Sports from $23.00 to $29.00 and gave the company a “buy” rating in a report on Monday, December 9th. Nomura Securities raised Amer Sports to a “strong-buy” rating in a research report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. upped their price target on Amer Sports from $19.00 to $26.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.07.

Amer Sports Price Performance

Amer Sports stock opened at $27.65 on Thursday. The stock has a 50-day moving average price of $21.18 and a two-hundred day moving average price of $16.11. Amer Sports has a 12 month low of $10.11 and a 12 month high of $27.79. The company has a market capitalization of $15.11 billion and a PE ratio of -197.49. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. FMR LLC boosted its holdings 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 acquiring an additional 3,133,312 shares in the last quarter. Point72 Hong Kong Ltd raised its position in shares of Amer Sports by 557.7% during the second quarter. Point72 Hong Kong Ltd now owns 3,274,519 shares of the company’s stock worth $41,161,000 after purchasing an additional 2,776,619 shares during the period. Point72 Asset Management L.P. raised its position in shares of 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 period. Hood River Capital Management LLC lifted 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 worth $48,983,000 after purchasing an additional 965,625 shares in the last quarter. Finally, Woodson Capital Management LP acquired a new stake in Amer Sports in the 3rd quarter valued at $12,907,000. 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.