Amer Sports (NYSE:AS) Price Target Raised to $29.00 at TD Cowen

Amer Sports (NYSE:AS) had its target price upped by TD Cowen from $23.00 to $29.00 in a report issued on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently issued reports on AS. Nomura Securities raised Amer Sports to a “strong-buy” rating in a research report on Tuesday, September 24th. 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 report on Monday. The Goldman Sachs Group raised their target price on shares of Amer Sports from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Wells Fargo & Company upped their price target 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. Finally, Citigroup lifted their price objective on shares of Amer Sports from $19.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.29.

Amer Sports Stock Up 3.2 %

Shares of NYSE:AS opened at $25.80 on Monday. The business’s 50 day moving average is $20.39 and its 200 day moving average is $15.80. The stock has a market cap of $14.10 billion and a P/E ratio of -184.27. Amer Sports has a 52-week low of $10.11 and a 52-week high of $26.85. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58.

Hedge Funds Weigh In On Amer Sports

A number of large investors have recently made changes to their positions in AS. FMR LLC grew its position in Amer Sports by 71.2% during the 3rd quarter. FMR LLC now owns 7,533,007 shares of the company’s stock worth $120,151,000 after purchasing an additional 3,133,312 shares during the last quarter. Point72 Hong Kong Ltd lifted its stake in shares of Amer Sports by 557.7% during the second quarter. Point72 Hong Kong Ltd now owns 3,274,519 shares of the company’s stock worth $41,161,000 after buying an additional 2,776,619 shares during the period. Point72 Asset Management L.P. grew its holdings in shares of Amer Sports by 308.3% during the second quarter. Point72 Asset Management L.P. now owns 3,106,202 shares of the company’s stock valued at $39,045,000 after buying an additional 2,345,420 shares during the last quarter. Hood River Capital Management LLC increased its position in shares of Amer Sports by 32.9% in the 2nd quarter. Hood River Capital Management LLC now owns 3,896,784 shares of the company’s stock valued at $48,983,000 after acquiring an additional 965,625 shares during the period. Finally, Woodson Capital Management LP purchased a new position in Amer Sports in the 3rd quarter worth $12,907,000. 40.25% of the stock is owned by institutional investors and hedge funds.

About Amer Sports

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.