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

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

Other analysts also recently issued reports about the stock. Citigroup increased their price target on shares of Amer Sports from $24.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday. Robert W. Baird increased their target price 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. Morgan Stanley raised their target price on Amer Sports from $15.00 to $19.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Nomura Securities raised Amer Sports to a “strong-buy” rating in a report on Tuesday, September 24th. Finally, Wells Fargo & Company raised their price objective on Amer Sports from $20.00 to $25.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $26.50.

Amer Sports Trading Up 1.2 %

Amer Sports stock opened at $30.90 on Wednesday. The firm has a market cap of $16.88 billion and a PE ratio of -220.70. Amer Sports has a 12 month low of $10.11 and a 12 month high of $31.32. The stock’s 50 day simple moving average is $25.37 and its two-hundred day simple moving average is $18.07. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58.

Institutional Investors Weigh In On Amer Sports

Large investors have recently modified their holdings of the business. GAMMA Investing LLC grew its position 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 in the last quarter. JPMorgan Chase & Co. purchased a new stake in Amer Sports in the 3rd quarter valued at $25,000. Sanctuary Advisors LLC acquired a new stake in shares of Amer Sports in the 3rd quarter worth $168,000. Virtu Financial LLC acquired a new position in shares of Amer Sports during the 3rd quarter valued at about $167,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Amer Sports during the 3rd quarter valued at about $337,000. Hedge funds and other 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.