Shares of Amer Sports, Inc. (NYSE:AS - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $30.89, but opened at $28.50. Amer Sports shares last traded at $29.09, with a volume of 1,104,673 shares traded.
Analyst Upgrades and Downgrades
AS has been the subject of several research analyst reports. 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 report on Wednesday, January 8th. HSBC downgraded Amer Sports from a "buy" rating to a "hold" rating and set a $30.00 target price for the company. in a research report on Monday, December 16th. UBS Group upped their price objective on Amer Sports from $27.00 to $37.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. Citigroup boosted their target price on shares of Amer Sports from $24.00 to $36.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Finally, Morgan Stanley lifted their price target on shares of Amer Sports from $15.00 to $19.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 20th. Five research 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 company's stock. According to MarketBeat.com, Amer Sports currently has a consensus rating of "Moderate Buy" and an average target price of $26.50.
View Our Latest Analysis on Amer Sports
Amer Sports Price Performance
The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77. The firm has a market capitalization of $15.92 billion and a price-to-earnings ratio of -208.06. The business's fifty day simple moving average is $25.37 and its 200 day simple moving average is $18.12.
Hedge Funds Weigh In On Amer Sports
A number of large investors have recently modified their holdings of AS. Kieckhefer Group LLC acquired a new position in Amer Sports during the fourth quarter worth $42,000. JPMorgan Chase & Co. acquired a new stake in shares of Amer Sports in the 3rd quarter worth about $25,000. GAMMA Investing LLC lifted its position in Amer Sports by 61.8% in the 4th quarter. GAMMA Investing LLC now owns 1,942 shares of the company's stock valued at $54,000 after acquiring an additional 742 shares in the last quarter. Signaturefd LLC acquired a new position in Amer Sports during the 3rd quarter valued at about $49,000. Finally, Quarry LP bought a new stake in Amer Sports during the 3rd quarter worth approximately $61,000. 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.
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