Amer Sports (NYSE:AS) Price Target Raised to $25.00

Amer Sports (NYSE:AS) had its price objective lifted by Wells Fargo & Company from $20.00 to $25.00 in a report released on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities research analysts have also recently commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Amer Sports from $19.00 to $26.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. The Goldman Sachs Group boosted their price target on Amer Sports from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Nomura Securities raised Amer Sports to a “strong-buy” rating in a research report on Tuesday, September 24th. Morgan Stanley boosted their target price on Amer Sports from $15.00 to $19.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Finally, TD Cowen upped their price target on Amer Sports from $23.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Five 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.14.

Amer Sports Stock Performance

Shares of AS stock opened at $28.18 on Friday. The stock’s 50-day moving average is $22.09 and its two-hundred day moving average is $16.57. 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 $29.43. The firm has a market cap of $15.40 billion and a price-to-earnings ratio of -201.27.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC purchased a new stake in Amer Sports in the 3rd quarter valued at about $168,000. Virtu Financial LLC purchased a new position in Amer Sports during the third quarter worth approximately $167,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Amer Sports during the 3rd quarter valued at $337,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Amer Sports during the 3rd quarter worth $467,000. Finally, XTX Topco Ltd purchased a new position in shares of Amer Sports in the 3rd quarter worth $609,000. 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.