Robert W. Baird Issues Positive Forecast for Amer Sports (NYSE:AS) Stock Price

Amer Sports (NYSE:AS) had its price target raised by Robert W. Baird from $20.00 to $24.00 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms have also recently issued reports on AS. The Goldman Sachs Group lifted their price objective on Amer Sports from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. boosted their target price on Amer Sports from $19.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday. Citigroup increased their price target on Amer Sports from $19.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. UBS Group boosted their price objective on shares of Amer Sports from $19.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company lowered shares of Amer Sports from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $17.00 to $19.00 in a research note on Monday, October 14th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.43.

Amer Sports Trading Up 2.6 %

Shares of AS stock opened at $24.30 on Wednesday. The firm has a market capitalization of $12.28 billion and a PE ratio of -173.56. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.62. The stock has a fifty day moving average of $18.10 and a two-hundred day moving average of $14.98. Amer Sports has a 1 year low of $10.11 and a 1 year high of $24.60.

Hedge Funds Weigh In On Amer Sports

A number of large investors have recently modified their holdings of AS. Signaturefd LLC acquired a new stake in Amer Sports in the third quarter worth about $49,000. Quarry LP bought a new stake in shares of Amer Sports during the third quarter worth approximately $61,000. CWM LLC acquired a new position in Amer Sports in the third quarter valued at approximately $73,000. Dnca Finance bought a new position in Amer Sports in the second quarter valued at approximately $81,000. Finally, Amalgamated Bank acquired a new stake in Amer Sports during the 2nd quarter worth $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.