Amer Sports (NYSE:AS) Given New $31.00 Price Target at The Goldman Sachs Group

Amer Sports (NYSE:AS) had its price target hoisted by The Goldman Sachs Group from $28.00 to $31.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

AS has been the subject of several other reports. Robert W. Baird boosted their price objective on shares of Amer Sports from $24.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Hsbc Global Res lowered shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 16th. Wells Fargo & Company increased their target price on shares of Amer Sports from $20.00 to $25.00 and gave the company an “equal weight” rating in a research report on Friday, December 20th. Nomura Securities raised shares of Amer Sports to a “strong-buy” rating in a research note on Tuesday, September 24th. Finally, JPMorgan Chase & Co. increased their price target on shares of Amer Sports from $19.00 to $26.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $26.50.

Amer Sports Trading Up 2.8 %

Shares of Amer Sports stock opened at $30.56 on Wednesday. The company has a market capitalization of $16.70 billion and a P/E ratio of -218.27. The company’s fifty day moving average is $24.85 and its two-hundred day moving average is $17.86. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. Amer Sports has a 1 year low of $10.11 and a 1 year high of $31.32.

Institutional Trading of Amer Sports

A number of institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. bought a new stake in shares of Amer Sports in the third quarter worth about $25,000. Signaturefd LLC purchased a new stake in shares of Amer Sports in the third quarter valued at approximately $49,000. GAMMA Investing LLC boosted its holdings in shares of Amer Sports by 61.8% in the fourth quarter. GAMMA Investing LLC now owns 1,942 shares of the company’s stock valued at $54,000 after purchasing an additional 742 shares during the period. Quarry LP purchased a new stake in shares of Amer Sports in the third quarter valued at approximately $61,000. Finally, CWM LLC purchased a new stake in Amer Sports during the third quarter worth $73,000. Institutional investors 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.