Analysts Set Amer Sports, Inc. (NYSE:AS) PT at $26.50

Shares of Amer Sports, Inc. (NYSE:AS) have received a consensus rating of “Moderate Buy” from the sixteen brokerages that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $26.50.

A number of equities research analysts have recently issued reports on the stock. Evercore ISI boosted their price objective on shares of Amer Sports from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Morgan Stanley boosted their price target on Amer Sports from $15.00 to $19.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Citigroup raised their price objective on Amer Sports from $24.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. increased their target price on shares of Amer Sports from $19.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Finally, Wells Fargo & Company lifted their price target on shares of Amer Sports from $20.00 to $25.00 and gave the company an “equal weight” rating in a report on Friday, December 20th.

Amer Sports Price Performance

Shares of AS opened at $29.80 on Thursday. The firm has a market cap of $16.28 billion and a PE ratio of -212.86. Amer Sports has a 1-year low of $10.11 and a 1-year high of $31.32. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58. The firm has a fifty day simple moving average of $26.61 and a two-hundred day simple moving average of $18.84.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AS. FMR LLC raised 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 valued at $120,151,000 after purchasing an additional 3,133,312 shares in the last quarter. Hood River Capital Management LLC increased its stake in shares of Amer Sports by 32.9% during the second quarter. Hood River Capital Management LLC now owns 3,896,784 shares of the company’s stock valued at $48,983,000 after buying an additional 965,625 shares during the period. Point72 Hong Kong Ltd raised its holdings in shares of Amer Sports by 557.7% in the second quarter. Point72 Hong Kong Ltd now owns 3,274,519 shares of the company’s stock valued at $41,161,000 after acquiring an additional 2,776,619 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in Amer Sports by 308.3% in the second quarter. Point72 Asset Management L.P. now owns 3,106,202 shares of the company’s stock worth $39,045,000 after acquiring an additional 2,345,420 shares during the period. Finally, WCM Investment Management LLC grew its holdings in Amer Sports by 29.9% during the 3rd quarter. WCM Investment Management LLC now owns 1,330,092 shares of the company’s stock worth $21,787,000 after acquiring an additional 306,001 shares in the last quarter. Hedge funds and other institutional investors own 40.25% of the company’s stock.

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.