Analysts Set Amer Sports, Inc. (NYSE:AS) Target Price at $26.50

Shares of Amer Sports, Inc. (NYSE:AS) have been assigned an average recommendation of “Moderate Buy” from the sixteen analysts that are covering the stock, MarketBeat reports. Five research 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 analysts that have updated their coverage on the stock in the last year is $26.50.

A number of equities research analysts recently weighed in on the company. Evercore ISI raised their price objective on Amer Sports from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Citigroup raised their price target on shares of Amer Sports from $24.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. HSBC lowered shares of Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a research note on Monday, December 16th. TD Cowen lifted their price target on shares of Amer Sports from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Finally, Nomura Securities upgraded Amer Sports to a “strong-buy” rating in a report on Tuesday, September 24th.

Amer Sports Stock Down 0.3 %

Shares of NYSE AS opened at $29.80 on Thursday. Amer Sports has a 12-month low of $10.11 and a 12-month high of $31.32. The stock’s fifty day simple moving average is $26.61 and its two-hundred day simple moving average is $18.84. The stock has a market capitalization of $16.28 billion and a PE ratio of -212.86. 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 Investors Weigh In On Amer Sports

A number of institutional investors and hedge funds have recently modified their holdings of AS. SG Americas Securities LLC purchased a new position in shares of Amer Sports during the fourth quarter worth $269,000. West Branch Capital LLC raised its stake in shares of Amer Sports by 14,285.7% during the 4th quarter. West Branch Capital LLC now owns 1,007 shares of the company’s stock valued at $28,000 after buying an additional 1,000 shares during the last quarter. Dakota Wealth Management acquired a new position in shares of Amer Sports in the 4th quarter valued at about $1,083,000. Capricorn Fund Managers Ltd purchased a new stake in shares of Amer Sports in the fourth quarter worth about $3,834,000. Finally, Artemis Investment Management LLP grew its holdings in Amer Sports by 35.1% during the fourth quarter. Artemis Investment Management LLP now owns 24,817 shares of the company’s stock worth $694,000 after acquiring an additional 6,444 shares during the period. 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.