Amer Sports (NYSE:AS - Get Free Report) had its price target boosted by stock analysts at TD Cowen from $29.00 to $33.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the stock. TD Cowen's price target would indicate a potential upside of 7.98% from the company's previous close.
Several other research firms also recently weighed in on AS. Morgan Stanley lifted their target price on shares of Amer Sports from $15.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 20th. UBS Group increased their price target on shares of Amer Sports from $27.00 to $37.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. Evercore ISI raised their price target on Amer Sports from $26.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. boosted their price target on Amer Sports from $19.00 to $26.00 and gave the company an "overweight" rating in a report on Wednesday, November 20th. Finally, The Goldman Sachs Group lifted their target price on shares of Amer Sports from $28.00 to $31.00 and gave the company a "buy" rating in a research note on Wednesday. Five investment 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 company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.50.
Check Out Our Latest Stock Analysis on AS
Amer Sports Stock Up 2.8 %
AS traded up $0.82 during mid-day trading on Wednesday, reaching $30.56. 2,606,440 shares of the stock were exchanged, compared to its average volume of 3,202,048. 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 stock has a market capitalization of $16.70 billion and a PE ratio of -218.27. Amer Sports has a 1 year low of $10.11 and a 1 year high of $31.32. The company has a 50 day moving average price of $24.59 and a two-hundred day moving average price of $17.77.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. JPMorgan Chase & Co. bought a new position in shares of Amer Sports during the 3rd quarter valued at approximately $25,000. GAMMA Investing LLC grew its stake in Amer Sports by 61.8% in the fourth quarter. GAMMA Investing LLC now owns 1,942 shares of the company's stock worth $54,000 after purchasing an additional 742 shares in the last quarter. Signaturefd LLC bought a new stake in shares of Amer Sports in the third quarter valued at about $49,000. Quarry LP bought a new position in Amer Sports in the third quarter worth approximately $61,000. Finally, CWM LLC purchased a new stake in shares of Amer Sports during the 3rd quarter worth $73,000. Hedge funds and other institutional investors own 40.25% of the company's stock.
Amer Sports Company Profile
(
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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