Amer Sports, Inc. (NYSE:AS - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the sixteen research firms that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $26.50.
Several analysts have weighed in on the company. Evercore ISI raised their price target on Amer Sports from $26.00 to $30.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. UBS Group lifted their target price on shares of Amer Sports from $27.00 to $37.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. Hsbc Global Res cut shares of Amer Sports from a "strong-buy" rating to a "hold" rating in a research note on Monday, December 16th. JPMorgan Chase & Co. raised their price objective on shares of Amer Sports from $19.00 to $26.00 and gave the company an "overweight" rating in a research report on Wednesday, November 20th. Finally, HSBC downgraded shares of Amer Sports from a "buy" rating to a "hold" rating and set a $30.00 price objective for the company. in a report on Monday, December 16th.
Get Our Latest Report on AS
Amer Sports Price Performance
Shares of AS stock traded up $0.33 on Thursday, reaching $29.88. The company's stock had a trading volume of 1,640,664 shares, compared to its average volume of 3,027,196. The company has a market capitalization of $16.32 billion and a P/E ratio of -213.39. Amer Sports has a 12-month low of $10.11 and a 12-month high of $31.32. The stock's 50 day simple moving average is $26.22 and its 200-day simple moving average is $18.51. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new position in Amer Sports during the 3rd quarter worth approximately $25,000. Kieckhefer Group LLC purchased a new stake in shares of Amer Sports during the fourth quarter valued at approximately $42,000. Signaturefd LLC bought a new position in shares of Amer Sports in the third quarter worth approximately $49,000. GAMMA Investing LLC increased its stake in shares of Amer Sports by 61.8% in the fourth quarter. GAMMA Investing LLC now owns 1,942 shares of the company's stock worth $54,000 after buying an additional 742 shares during the period. Finally, Quarry LP bought a new stake in Amer Sports during the 3rd quarter valued at $61,000. Hedge funds and other institutional investors own 40.25% of the company's stock.
Amer Sports Company Profile
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Get Free ReportAmer 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.
Further Reading
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