Amer Sports, Inc. (NYSE:AS) Receives $27.07 Average PT from Brokerages

Amer Sports, Inc. (NYSE:AS - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the sixteen analysts that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $28.64.

AS has been the topic of a number of recent research reports. Morgan Stanley raised their price objective on Amer Sports from $19.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st. Citigroup raised their price objective on Amer Sports from $24.00 to $36.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. UBS Group raised their price objective on Amer Sports from $27.00 to $37.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. Wells Fargo & Company raised their price objective on Amer Sports from $20.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Friday, December 20th. Finally, Robert W. Baird raised their price objective on Amer Sports from $24.00 to $30.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AS. JPMorgan Chase & Co. acquired a new position in Amer Sports during the 3rd quarter worth about $25,000. West Branch Capital LLC raised its position in shares of Amer Sports by 14,285.7% in the 4th quarter. West Branch Capital LLC now owns 1,007 shares of the company's stock worth $28,000 after acquiring an additional 1,000 shares in the last quarter. Kieckhefer Group LLC bought a new position in shares of Amer Sports in the 4th quarter worth about $42,000. Signaturefd LLC bought a new position in shares of Amer Sports in the 3rd quarter worth about $49,000. Finally, GAMMA Investing LLC raised its position in shares of Amer Sports by 61.8% in the 4th quarter. GAMMA Investing LLC now owns 1,942 shares of the company's stock worth $54,000 after acquiring an additional 742 shares in the last quarter. 40.25% of the stock is owned by institutional investors and hedge funds.

Amer Sports Stock Performance

Shares of NYSE AS traded up $0.12 during trading hours on Monday, reaching $31.00. 1,768,037 shares of the stock were exchanged, compared to its average volume of 2,408,095. The stock's fifty day simple moving average is $29.60 and its 200 day simple moving average is $21.50. Amer Sports has a 52 week low of $10.11 and a 52 week high of $34.00. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. The firm has a market capitalization of $16.93 billion and a price-to-earnings ratio of -221.38.

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.