Amer Sports (NYSE:AS) Given New $25.00 Price Target at Wells Fargo & Company

Amer Sports (NYSE:AS) had its target price upped by Wells Fargo & Company from $20.00 to $25.00 in a research note released on Friday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Several other research firms have also weighed in on AS. Morgan Stanley lifted their price objective on shares of Amer Sports from $15.00 to $19.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. HSBC lowered shares of Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a report on Monday, December 16th. Citigroup boosted their target price on Amer Sports from $19.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Evercore ISI increased their price target on Amer Sports from $26.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, Nomura Securities upgraded shares of Amer Sports to a “strong-buy” rating in a research note on Tuesday, September 24th. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $25.14.

Amer Sports Trading Up 2.5 %

Shares of AS stock opened at $28.18 on Friday. The stock has a 50-day moving average of $22.09 and a 200-day moving average of $16.55. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58. The stock has a market cap of $15.40 billion and a price-to-earnings ratio of -201.27. Amer Sports has a 1-year low of $10.11 and a 1-year high of $29.43.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AS. FMR LLC increased its holdings in Amer Sports by 71.2% during the 3rd 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 during the period. Point72 Hong Kong Ltd increased its holdings in shares of Amer Sports by 557.7% in 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% in the second quarter. Point72 Asset Management L.P. now owns 3,106,202 shares of the company’s stock worth $39,045,000 after buying an additional 2,345,420 shares in the last quarter. Hood River Capital Management LLC boosted its stake in Amer Sports by 32.9% during the second quarter. Hood River Capital Management LLC now owns 3,896,784 shares of the company’s stock valued at $48,983,000 after buying an additional 965,625 shares during the period. Finally, Woodson Capital Management LP bought a new stake in shares of Amer Sports during the 3rd quarter valued at about $12,907,000. 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.