Amer Sports, Inc. (NYSE:AS) Receives $25.14 Consensus PT from Analysts

Shares of Amer Sports, Inc. (NYSE:AS) have received an average recommendation of “Moderate Buy” from the sixteen brokerages that are covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $25.14.

A number of equities research analysts recently weighed in on the stock. Morgan Stanley boosted their price target on shares of Amer Sports from $15.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Wells Fargo & Company upped their target price on shares of Amer Sports from $20.00 to $25.00 and gave the company an “equal weight” rating in a research report on Friday, December 20th. Robert W. Baird raised their price target on Amer Sports from $24.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Citigroup upped their price objective on Amer Sports from $19.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Nomura Securities raised Amer Sports to a “strong-buy” rating in a research note on Tuesday, September 24th.

Institutional Inflows and Outflows

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

Amer Sports Stock Performance

Amer Sports stock opened at $28.78 on Friday. The company has a market cap of $15.72 billion and a PE ratio of -205.56. 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 has a 1 year low of $10.11 and a 1 year high of $29.43. The company’s 50-day moving average is $22.28 and its two-hundred day moving average is $16.66.

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.