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

Amer Sports (NYSE:AS) had its price target upped by equities research analysts at The Goldman Sachs Group from $28.00 to $31.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price would indicate a potential upside of 4.38% from the company’s current price.

Several other research analysts also recently weighed in on AS. Robert W. Baird boosted 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. JPMorgan Chase & Co. raised their target price on Amer Sports from $19.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. UBS Group raised their target price on Amer Sports from $27.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Evercore ISI boosted their price objective on Amer Sports from $26.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Finally, TD Cowen increased their price objective on shares of Amer Sports from $23.00 to $29.00 and gave the company a “buy” rating in a report on Monday, December 9th. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.21.

Amer Sports Trading Down 0.5 %

AS opened at $29.70 on Wednesday. Amer Sports has a 52 week low of $10.11 and a 52 week high of $31.32. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. The stock’s fifty day moving average is $24.59 and its two-hundred day moving average is $17.77. The company has a market capitalization of $16.23 billion and a P/E ratio of -212.13.

Institutional Investors Weigh In On Amer Sports

Several large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new stake in shares of Amer Sports in the third quarter valued at $25,000. Signaturefd LLC purchased a new position in Amer Sports during the 3rd quarter valued at about $49,000. GAMMA Investing LLC boosted its stake in shares of Amer Sports by 61.8% during the 4th quarter. GAMMA Investing LLC now owns 1,942 shares of the company’s stock valued at $54,000 after buying an additional 742 shares during the period. Quarry LP acquired a new stake in shares of Amer Sports during the 3rd quarter valued at about $61,000. Finally, CWM LLC bought a new position in Amer Sports during the third quarter valued at approximately $73,000. Institutional investors and hedge funds 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.