Amer Sports (NYSE:AS) Price Target Raised to $30.00

Amer Sports (NYSE:AS) had its price target raised by Evercore ISI from $26.00 to $30.00 in a report issued on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

AS has been the subject of several other reports. The Goldman Sachs Group upped their price objective on Amer Sports from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Wells Fargo & Company boosted their price objective on shares of Amer Sports from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Robert W. Baird raised their target price on shares of Amer Sports from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. UBS Group boosted their price target on shares of Amer Sports from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Citigroup lifted 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. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.07.

Amer Sports Stock Performance

Shares of AS opened at $27.65 on Thursday. The firm has a market cap of $15.11 billion and a P/E ratio of -197.49. Amer Sports has a twelve month low of $10.11 and a twelve month high of $27.79. 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 firm’s 50 day moving average price is $21.18 and its two-hundred day moving average price is $16.11.

Hedge Funds Weigh In On Amer Sports

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp acquired a new position in shares of Amer Sports during the 2nd quarter worth $3,164,000. Summit Securities Group LLC bought a new position in Amer Sports in the second quarter valued at about $297,000. Sabal Trust CO acquired a new position in Amer Sports during the second quarter worth about $881,000. Rhumbline Advisers bought a new position in shares of Amer Sports in the second quarter worth about $1,142,000. Finally, Amalgamated Bank acquired a new stake in shares of Amer Sports in the 2nd quarter valued at approximately $83,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.

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.