Amer Sports, Inc. (NYSE:AS) Receives $25.14 Consensus PT from Analysts

Amer Sports, Inc. (NYSE:AS) has received an average recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five investment 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 company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $25.14.

AS has been the topic of several recent research reports. Evercore ISI lifted their price target on shares of Amer Sports from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. lifted their target price on Amer Sports from $19.00 to $26.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. TD Cowen increased their price target on Amer Sports from $23.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, December 9th. HSBC downgraded Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a research note on Monday, December 16th. Finally, Nomura Securities upgraded Amer Sports to a “strong-buy” rating in a research note on Tuesday, September 24th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. bought a new stake in Amer Sports in the 3rd quarter valued at $25,000. Sanctuary Advisors LLC acquired a new stake in shares of Amer Sports during the third quarter worth $168,000. Virtu Financial LLC bought a new stake in shares of Amer Sports in the third quarter valued at about $167,000. Public Employees Retirement System of Ohio acquired a new position in shares of Amer Sports in the third quarter valued at about $337,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Amer Sports in the third quarter valued at about $467,000. Institutional investors and hedge funds own 40.25% of the company’s stock.

Amer Sports Price Performance

NYSE AS opened at $28.42 on Friday. The firm’s 50 day moving average is $23.09 and its 200-day moving average is $17.04. 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 company has a market capitalization of $15.53 billion and a PE ratio of -202.99. Amer Sports has a 12-month low of $10.11 and a 12-month high of $29.43.

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.