Amer Sports, Inc. (NYSE:AS) Receives Average Recommendation of “Moderate Buy” from Analysts

Amer Sports, Inc. (NYSE:AS) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $25.14.

Several brokerages recently commented on AS. Hsbc Global Res lowered shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 16th. Citigroup raised their target price on Amer Sports from $19.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Wells Fargo & Company boosted their price target on Amer Sports from $20.00 to $25.00 and gave the company an “equal weight” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. lifted their target price on Amer Sports from $19.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Finally, Evercore ISI increased their price target on shares of Amer Sports from $26.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th.

Amer Sports Trading Up 0.0 %

Shares of NYSE:AS opened at $28.79 on Friday. The business’s 50-day moving average is $22.70 and its 200 day moving average is $16.85. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77. Amer Sports has a 1 year low of $10.11 and a 1 year high of $29.43. The firm has a market capitalization of $15.73 billion and a P/E ratio of -205.63.

Institutional Trading of Amer Sports

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new stake in shares of Amer Sports during the third quarter worth approximately $25,000. Signaturefd LLC acquired a new stake in shares of Amer Sports in the third quarter valued at about $49,000. Quarry LP purchased a new position in shares of Amer Sports in the third quarter worth about $61,000. CWM LLC acquired a new position in Amer Sports during the third quarter worth about $73,000. Finally, Amalgamated Bank acquired a new position in shares of Amer Sports during the 2nd quarter worth approximately $83,000. Institutional investors and hedge funds own 40.25% of the company’s stock.

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.