Shares of Amer Sports, Inc. (NYSE:AS - Get Free Report) have earned a consensus rating of "Moderate Buy" from the fifteen research firms that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $21.43.
AS has been the topic of a number of analyst reports. Citigroup upped their price target on shares of Amer Sports from $19.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. increased their price target on shares of Amer Sports from $19.00 to $26.00 and gave the company an "overweight" rating in a report on Wednesday, November 20th. Robert W. Baird boosted their price objective on shares of Amer Sports from $20.00 to $24.00 and gave the stock an "outperform" rating in a report on Wednesday, November 20th. Evercore ISI reiterated an "outperform" rating and set a $26.00 target price (up from $25.00) on shares of Amer Sports in a research note on Wednesday, November 20th. Finally, TD Cowen boosted their price target on Amer Sports from $21.00 to $23.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th.
Read Our Latest Research Report on AS
Amer Sports Stock Up 1.1 %
AS stock traded up $0.27 on Wednesday, reaching $25.87. 1,836,589 shares of the company traded hands, compared to its average volume of 1,762,982. The firm has a fifty day simple moving average of $18.54 and a 200-day simple moving average of $15.15. Amer Sports has a one year low of $10.11 and a one year high of $26.00. 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
Large investors have recently added to or reduced their stakes in the business. Quadrature Capital Ltd bought a new position in shares of Amer Sports during the 1st quarter valued at approximately $390,000. Renaissance Capital LLC raised its holdings in shares of Amer Sports by 50.7% in the second quarter. Renaissance Capital LLC now owns 108,826 shares of the company's stock worth $1,368,000 after buying an additional 36,632 shares during the period. Dnca Finance bought a new stake in shares of Amer Sports during the 2nd quarter worth approximately $81,000. Bank of New York Mellon Corp bought a new stake in shares of Amer Sports during the 2nd quarter worth approximately $3,164,000. Finally, Summit Securities Group LLC purchased a new position in Amer Sports during the 2nd quarter valued at $297,000. 40.25% of the stock is owned by hedge funds and other institutional investors.
About Amer Sports
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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.
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