HSBC cut shares of Amer Sports (NYSE:AS - Free Report) from a buy rating to a hold rating in a research note issued to investors on Monday, Marketbeat.com reports. The firm currently has $30.00 price target on the stock.
Other analysts have also recently issued reports about the stock. TD Cowen boosted their price objective on shares of Amer Sports from $23.00 to $29.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. UBS Group upped their price target on shares of Amer Sports from $24.00 to $27.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Wells Fargo & Company raised their price target on Amer Sports from $19.00 to $20.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 20th. Robert W. Baird boosted their price objective on Amer Sports from $24.00 to $30.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Finally, The Goldman Sachs Group raised their target price on Amer Sports from $24.00 to $28.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Four research 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 stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $24.07.
Read Our Latest Stock Report on AS
Amer Sports Stock Performance
AS stock remained flat at $27.65 during midday trading on Monday. 2,631,109 shares of the company's stock were exchanged, compared to its average volume of 1,916,278. The company's 50-day moving average price is $21.18 and its 200 day moving average price is $16.12. 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 12 month low of $10.11 and a 12 month high of $28.00. The stock has a market capitalization of $15.11 billion and a P/E ratio of -193.14.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC bought a new position in shares of Amer Sports during the 3rd quarter worth approximately $49,000. Quarry LP bought a new position in shares of Amer Sports during the third quarter valued at $61,000. CWM LLC acquired a new stake in shares of Amer Sports in the 3rd quarter valued at $73,000. Amalgamated Bank bought a new stake in shares of Amer Sports in the 2nd quarter worth about $83,000. Finally, Virtu Financial LLC acquired a new stake in shares of Amer Sports during the 3rd quarter worth about $167,000. Institutional investors own 40.25% of the company's stock.
About Amer Sports
(
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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.
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