Amer Sports, Inc. (NYSE:AS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Amer Sports, Inc. (NYSE:AS) has earned an average rating of “Moderate Buy” from the sixteen analysts that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $25.14.

A number of equities research analysts have weighed in on AS shares. TD Cowen lifted their target price on Amer Sports from $23.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Hsbc Global Res lowered shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 16th. JPMorgan Chase & Co. upped their price objective on shares of Amer Sports from $19.00 to $26.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Nomura Securities raised Amer Sports to a “strong-buy” rating in a research note on Tuesday, September 24th. Finally, The Goldman Sachs Group raised their price objective on Amer Sports from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Signaturefd LLC bought a new stake in shares of Amer Sports during the 3rd quarter valued at $49,000. Quarry LP purchased a new stake in shares of Amer Sports in the third quarter worth about $61,000. CWM LLC bought a new position in shares of Amer Sports in the third quarter valued at approximately $73,000. Amalgamated Bank purchased a new position in Amer Sports during the second quarter valued at approximately $83,000. Finally, Virtu Financial LLC bought a new stake in Amer Sports during the 3rd quarter worth approximately $167,000. 40.25% of the stock is currently owned by hedge funds and other institutional investors.

Amer Sports Trading Up 2.5 %

AS opened at $28.18 on Friday. The stock has a market cap of $15.40 billion and a PE ratio of -201.27. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. Amer Sports has a twelve month low of $10.11 and a twelve month high of $29.43. The company has a fifty day moving average of $22.09 and a 200-day moving average of $16.56.

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.