Amer Sports (NYSE:AS - Get Free Report) had its price target boosted by equities research analysts at Citigroup from $24.00 to $36.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Citigroup's price target points to a potential upside of 17.80% from the stock's previous close.
Other research analysts have also issued reports about the stock. Nomura Securities raised shares of Amer Sports to a "strong-buy" rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. lifted their price target on shares of Amer Sports from $19.00 to $26.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 20th. Robert W. Baird increased their price objective on shares of Amer Sports from $24.00 to $30.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. UBS Group boosted their target price on Amer Sports from $27.00 to $37.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. Finally, HSBC downgraded Amer Sports from a "buy" rating to a "hold" rating and set a $30.00 price target on the stock. in a report on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $26.50.
Read Our Latest Stock Analysis on AS
Amer Sports Price Performance
AS traded up $0.82 during trading hours on Wednesday, hitting $30.56. The company's stock had a trading volume of 2,606,440 shares, compared to its average volume of 3,202,048. The stock has a market cap of $16.70 billion and a price-to-earnings ratio of -218.27. The business's 50-day moving average price is $24.59 and its 200-day moving average price is $17.77. The company has a current ratio of 1.62, a quick ratio of 0.77 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 $31.32.
Hedge Funds Weigh In On Amer Sports
Several hedge funds and other institutional investors have recently modified their holdings of AS. GAMMA Investing LLC lifted its stake in shares of Amer Sports by 61.8% during the fourth 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 period. JPMorgan Chase & Co. purchased a new position in Amer Sports in the 3rd quarter worth $25,000. Signaturefd LLC acquired a new stake in Amer Sports during the 3rd quarter worth about $49,000. Quarry LP purchased a new stake in Amer Sports during the 3rd quarter valued at about $61,000. Finally, CWM LLC acquired a new position in shares of Amer Sports in the third quarter valued at about $73,000. 40.25% of the stock is owned by hedge funds and other 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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