Amer Sports, Inc. (NYSE:AS - Get Free Report) hit a new 52-week high on Friday . The company traded as high as $29.60 and last traded at $29.43, with a volume of 1247170 shares trading hands. The stock had previously closed at $28.85.
Analysts Set New Price Targets
AS has been the topic of several research reports. Evercore ISI increased their target price on Amer Sports from $26.00 to $30.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. UBS Group upped their target price on shares of Amer Sports from $27.00 to $37.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. Morgan Stanley raised their price target on shares of Amer Sports from $15.00 to $19.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 20th. The Goldman Sachs Group boosted their price target on shares of Amer Sports from $24.00 to $28.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Finally, HSBC lowered shares of Amer Sports from a "buy" rating to a "hold" rating and set a $30.00 price objective on the stock. in a report on Monday, December 16th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $25.14.
Get Our Latest Research Report on Amer Sports
Amer Sports Price Performance
The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. The company has a market capitalization of $16.11 billion and a PE ratio of -210.63. The company's 50-day simple moving average is $24.13 and its 200-day simple moving average is $17.51.
Institutional Trading of Amer Sports
A number of hedge funds have recently added to or reduced their stakes in AS. GAMMA Investing LLC raised its position in Amer Sports by 61.8% during the 4th quarter. GAMMA Investing LLC now owns 1,942 shares of the company's stock worth $54,000 after buying an additional 742 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Amer Sports during the third quarter worth about $25,000. Sanctuary Advisors LLC purchased a new position in Amer Sports during the third quarter worth about $168,000. Virtu Financial LLC acquired a new stake in Amer Sports in the third quarter valued at about $167,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Amer Sports in the 3rd quarter valued at approximately $337,000. 40.25% of the stock is owned by institutional investors and hedge funds.
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.
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