Amer Sports, Inc. (NYSE:AS) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Amer Sports, Inc. (NYSE:AS - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the sixteen brokerages that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $28.64.

Several research analysts recently issued reports on AS shares. The Goldman Sachs Group increased their price target on shares of Amer Sports from $28.00 to $31.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. TD Cowen increased their price target on shares of Amer Sports from $29.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. 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. JPMorgan Chase & Co. increased their price target on shares of Amer Sports from $19.00 to $26.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 20th. Finally, Sanford C. Bernstein started coverage on shares of Amer Sports in a research report on Thursday. They issued an "outperform" rating and a $38.00 price target for the company.

Amer Sports Stock Performance

Amer Sports stock traded up $0.83 on Monday, reaching $30.96. 2,566,399 shares of the stock were exchanged, compared to its average volume of 2,773,944. The stock has a market cap of $16.91 billion and a PE ratio of -221.11. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58. Amer Sports has a twelve month low of $10.11 and a twelve month high of $34.00. The firm has a fifty day moving average price of $29.36 and a two-hundred day moving average price of $21.16.

Hedge Funds Weigh In On Amer Sports

Several large investors have recently bought and sold shares of the business. CWM LLC acquired a new stake in Amer Sports in the third quarter worth $73,000. Creative Planning acquired a new stake in Amer Sports in the third quarter worth $656,000. Seven Grand Managers LLC raised its holdings in Amer Sports by 566.7% in the third quarter. Seven Grand Managers LLC now owns 100,000 shares of the company's stock worth $1,595,000 after purchasing an additional 85,000 shares during the period. Signaturefd LLC acquired a new stake in Amer Sports in the third quarter worth $49,000. Finally, China Universal Asset Management Co. Ltd. raised its holdings in Amer Sports by 47.2% in the third quarter. China Universal Asset Management Co. Ltd. now owns 116,970 shares of the company's stock worth $1,866,000 after purchasing an additional 37,500 shares during the period. 40.25% of the stock is currently owned by institutional investors and hedge funds.

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.