Amer Sports, Inc. (NYSE:AS - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $31.75 and last traded at $31.67, with a volume of 574886 shares. The stock had previously closed at $30.44.
Wall Street Analyst Weigh In
AS has been the topic of several recent analyst reports. Hsbc Global Res cut shares of Amer Sports from a "strong-buy" rating to a "hold" rating in a report on Monday, December 16th. Robert W. Baird raised their price target on shares of Amer Sports from $24.00 to $30.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Wells Fargo & Company upped their price target on shares of Amer Sports from $20.00 to $25.00 and gave the company an "equal weight" rating in a research report on Friday, December 20th. UBS Group raised their target price on Amer Sports from $27.00 to $37.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. Finally, TD Cowen upped 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. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $27.07.
View Our Latest Stock Report on AS
Amer Sports Stock Down 5.4 %
The stock has a market cap of $17.46 billion and a P/E ratio of -228.48. The company's fifty day moving average price is $28.38 and its 200-day moving average price is $19.84. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62.
Hedge Funds Weigh In On Amer Sports
A number of hedge funds have recently added to or reduced their stakes in AS. GAMMA Investing LLC increased its holdings in Amer Sports by 61.8% during the fourth quarter. GAMMA Investing LLC now owns 1,942 shares of the company's stock valued at $54,000 after buying an additional 742 shares during the period. West Branch Capital LLC raised its position in shares of Amer Sports by 14,285.7% in the 4th quarter. West Branch Capital LLC now owns 1,007 shares of the company's stock worth $28,000 after acquiring an additional 1,000 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in shares of Amer Sports during the 4th quarter worth $42,000. JPMorgan Chase & Co. bought a new stake in Amer Sports during the third quarter valued at about $25,000. Finally, Signaturefd LLC bought a new position in Amer Sports in the third quarter worth about $49,000. 40.25% of the stock is currently owned by institutional investors.
About Amer Sports
(
Get Free Report)
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.
Featured Articles
Before you consider Amer Sports, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amer Sports wasn't on the list.
While Amer Sports currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
