Amer Sports, Inc. (NYSE:AS) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Amer Sports, Inc. (NYSE:AS) have been assigned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $21.43.

Several analysts have issued reports on the company. Citigroup increased their target price on Amer Sports from $19.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Robert W. Baird lifted their target price on Amer Sports from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. UBS Group raised their price target on shares of Amer Sports from $24.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. TD Cowen boosted their price objective on shares of Amer Sports from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Morgan Stanley raised their target price on shares of Amer Sports from $15.00 to $19.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th.

Amer Sports Stock Up 0.3 %

Shares of NYSE:AS opened at $25.59 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $18.54 and its 200 day moving average is $15.15. The stock has a market cap of $12.93 billion and a P/E ratio of -182.75. Amer Sports has a 52-week low of $10.11 and a 52-week high of $25.94.

Institutional Investors Weigh In On Amer Sports

A number of institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC purchased a new position in Amer Sports in the 3rd quarter valued at about $49,000. Quarry LP purchased a new position in shares of Amer Sports in the third quarter valued at approximately $61,000. CWM LLC acquired a new stake in shares of Amer Sports in the third quarter worth approximately $73,000. Dnca Finance purchased a new stake in shares of Amer Sports during the second quarter worth approximately $81,000. Finally, Amalgamated Bank acquired a new position in Amer Sports in the 2nd quarter valued at $83,000. Institutional investors and hedge funds own 40.25% of the company’s stock.

Amer Sports Company Profile

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.