Amer Sports (NYSE:AS) Price Target Raised to $37.00

Amer Sports (NYSE:AS) had its price objective upped by UBS Group from $27.00 to $37.00 in a report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

AS has been the topic of several other research reports. JPMorgan Chase & Co. increased their price objective on shares of Amer Sports from $19.00 to $26.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. HSBC downgraded 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. Robert W. Baird increased their price objective on shares of Amer Sports from $24.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Nomura Securities raised shares of Amer Sports to a “strong-buy” rating in a research note on Tuesday, September 24th. Finally, Wells Fargo & Company lifted their price target on Amer Sports from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amer Sports currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.79.

Amer Sports Trading Down 0.7 %

NYSE:AS opened at $27.50 on Tuesday. The company has a market cap of $15.02 billion and a PE ratio of -196.41. The business’s 50 day moving average is $21.92 and its two-hundred day moving average is $16.46. 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 52 week low of $10.11 and a 52 week high of $29.43.

Hedge Funds Weigh In On Amer Sports

A number of hedge funds and other institutional investors have recently made changes to their positions in AS. Signaturefd LLC acquired a new position in Amer Sports in the third quarter worth about $49,000. Quarry LP bought a new stake in shares of Amer Sports in the 3rd quarter valued at approximately $61,000. CWM LLC acquired a new position in shares of Amer Sports in the 3rd quarter worth approximately $73,000. Amalgamated Bank bought a new position in shares of 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. 40.25% of the stock is owned by institutional investors.

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.