Amer Sports (NYSE:AS) Given New $30.00 Price Target at Robert W. Baird

Amer Sports (NYSE:AS - Get Free Report) had its price objective raised by equities research analysts at Robert W. Baird from $24.00 to $30.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Robert W. Baird's price objective would suggest a potential upside of 16.32% from the company's previous close.

Several other research analysts have also weighed in on AS. The Goldman Sachs Group increased their price objective on Amer Sports from $19.00 to $21.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. TD Cowen increased their price target on Amer Sports from $21.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Evercore ISI restated an "outperform" rating and issued a $26.00 price objective (up from $25.00) on shares of Amer Sports in a report on Wednesday, November 20th. JPMorgan Chase & Co. upped their target price 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, Citigroup lifted their price target on shares of Amer Sports from $19.00 to $24.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $22.29.

Amer Sports Trading Up 3.1 %

Shares of Amer Sports stock traded up $0.78 during mid-day trading on Monday, hitting $25.79. The stock had a trading volume of 5,302,325 shares, compared to its average volume of 1,887,644. The firm has a 50-day moving average of $20.20 and a two-hundred day moving average of $15.72. The firm has a market cap of $14.09 billion and a P/E ratio of -182.06. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. Amer Sports has a 12-month low of $10.11 and a 12-month high of $26.85.

Institutional Investors Weigh In On Amer Sports

A number of hedge funds have recently added to or reduced their stakes in AS. FMR LLC increased its position in shares of Amer Sports by 71.2% during the third quarter. FMR LLC now owns 7,533,007 shares of the company's stock worth $120,151,000 after acquiring an additional 3,133,312 shares during the period. Point72 Hong Kong Ltd grew its stake in Amer Sports by 557.7% during the 2nd quarter. Point72 Hong Kong Ltd now owns 3,274,519 shares of the company's stock worth $41,161,000 after purchasing an additional 2,776,619 shares in the last quarter. Point72 Asset Management L.P. grew its stake in Amer Sports by 308.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 3,106,202 shares of the company's stock worth $39,045,000 after purchasing an additional 2,345,420 shares in the last quarter. Hood River Capital Management LLC increased its holdings in Amer Sports by 32.9% during the 2nd quarter. Hood River Capital Management LLC now owns 3,896,784 shares of the company's stock worth $48,983,000 after purchasing an additional 965,625 shares during the period. Finally, Woodson Capital Management LP acquired a new stake in Amer Sports in the 3rd quarter valued at about $12,907,000. 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.