Amer Sports (NYSE:AS) Price Target Raised to $25.00

Amer Sports (NYSE:AS) had its price target boosted by research analysts at Wells Fargo & Company from $20.00 to $25.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target points to a potential downside of 9.09% from the stock’s current price.

A number of other brokerages also recently issued reports on AS. Robert W. Baird raised their target price on Amer Sports from $24.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. The Goldman Sachs Group raised their price objective on shares of Amer Sports from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. HSBC lowered shares of Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a report on Monday. Nomura Securities upgraded shares of Amer Sports to a “strong-buy” rating in a report on Tuesday, September 24th. Finally, TD Cowen upped their price objective on Amer Sports from $23.00 to $29.00 and gave the company a “buy” rating in a report on Monday, December 9th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $25.14.

Amer Sports Price Performance

NYSE:AS opened at $27.50 on Friday. Amer Sports has a one year low of $10.11 and a one year high of $29.43. The stock has a market cap of $15.02 billion and a PE ratio of -196.41. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. The stock has a 50 day moving average price of $21.92 and a 200 day moving average price of $16.46.

Hedge Funds Weigh In On Amer Sports

Several institutional investors have recently bought and sold shares of AS. Bank of New York Mellon Corp purchased a new position in Amer Sports in the 2nd quarter valued at approximately $3,164,000. Summit Securities Group LLC acquired a new position in Amer Sports during the 2nd quarter worth $297,000. Sabal Trust CO acquired a new position in Amer Sports during the 2nd quarter worth $881,000. Rhumbline Advisers purchased a new stake in Amer Sports during the 2nd quarter worth about $1,142,000. Finally, Amalgamated Bank acquired a new stake in Amer Sports in the 2nd quarter valued at about $83,000. 40.25% of the stock is 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.