Investment Analysts’ Weekly Ratings Updates for Amer Sports (AS)

A number of research firms have changed their ratings and price targets for Amer Sports (NYSE: AS):

• 12/20/2024 – Amer Sports had its price target raised by analysts at Wells Fargo & Company from $20.00 to $25.00. They now have an “equal weight” rating on the stock.
• 12/17/2024 – Amer Sports had its price target raised by analysts at UBS Group AG from $27.00 to $37.00. They now have a “buy” rating on the stock.
• 12/16/2024 – Amer Sports was downgraded by analysts at Hsbc Global Res from a “strong-buy” rating to a “hold” rating.
• 12/16/2024 – Amer Sports was downgraded by analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating. They now have a $30.00 price target on the stock.
• 12/12/2024 – Amer Sports had its price target raised by analysts at Evercore ISI from $26.00 to $30.00. They now have an “outperform” rating on the stock.
• 12/10/2024 – Amer Sports had its price target raised by analysts at The Goldman Sachs Group, Inc. from $24.00 to $28.00. They now have a “buy” rating on the stock.
• 12/9/2024 – Amer Sports had its price target raised by analysts at Robert W. Baird from $24.00 to $30.00. They now have an “outperform” rating on the stock.
• 12/9/2024 – Amer Sports had its price target raised by analysts at TD Cowen from $23.00 to $29.00. They now have a “buy” rating on the stock.
• 11/20/2024 – Amer Sports had its price target raised by analysts at JPMorgan Chase & Co. from $19.00 to $26.00. They now have an “overweight” rating on the stock.
• 11/20/2024 – Amer Sports had its “outperform” rating reaffirmed by analysts at Evercore ISI. They now have a $26.00 price target on the stock, up previously from $25.00.
• 11/20/2024 – Amer Sports had its price target raised by analysts at Robert W. Baird from $20.00 to $24.00. They now have an “outperform” rating on the stock.
• 11/20/2024 – Amer Sports had its price target raised by analysts at Wells Fargo & Company from $19.00 to $20.00. They now have an “equal weight” rating on the stock.
• 11/20/2024 – Amer Sports had its price target raised by analysts at Morgan Stanley from $15.00 to $19.00. They now have an “equal weight” rating on the stock.
• 11/20/2024 – Amer Sports had its price target raised by analysts at UBS Group AG from $24.00 to $27.00. They now have a “buy” rating on the stock.
• 11/20/2024 – Amer Sports had its price target raised by analysts at TD Cowen from $21.00 to $23.00. They now have a “buy” rating on the stock.
• 11/12/2024 – Amer Sports had its price target raised by analysts at Citigroup Inc. from $19.00 to $24.00. They now have a “buy” rating on the stock.
• 11/5/2024 – Amer Sports had its price target raised by analysts at UBS Group AG from $19.00 to $24.00. They now have a “buy” rating on the stock.

Amer Sports Price Performance

Shares of NYSE AS opened at $28.79 on Friday. The stock has a market cap of $15.73 billion and a P/E ratio of -205.63. The firm’s 50-day simple moving average is $22.70 and its 200 day simple moving average is $16.85. Amer Sports, Inc. has a fifty-two week low of $10.11 and a fifty-two week high of $29.43. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. acquired a new position in Amer Sports during the third quarter worth about $25,000. Signaturefd LLC bought a new position in shares of Amer Sports during the 3rd quarter valued at about $49,000. Quarry LP acquired a new position in shares of Amer Sports in the 3rd quarter worth approximately $61,000. CWM LLC acquired a new position in shares of Amer Sports in the 3rd quarter worth approximately $73,000. Finally, Amalgamated Bank bought a new stake in shares of Amer Sports in the 2nd quarter worth approximately $83,000. 40.25% of the stock is currently owned by institutional investors.

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.