Amer Sports (NYSE:AS) Given New $25.00 Price Target at Wells Fargo & Company

Amer Sports (NYSE:AS) had its price objective upped by Wells Fargo & Company from $20.00 to $25.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. lifted their price target on shares of Amer Sports from $19.00 to $26.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. TD Cowen boosted their price target on shares of Amer Sports from $23.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. UBS Group upped their price target on shares of Amer Sports from $27.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday. HSBC cut Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a research note on Monday, December 16th. Finally, Morgan Stanley increased their price objective on Amer Sports from $15.00 to $19.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $25.14.

Amer Sports Price Performance

AS opened at $28.18 on Friday. 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 stock has a market capitalization of $15.40 billion and a P/E ratio of -201.27. The stock has a 50-day moving average price of $22.09 and a 200-day moving average price of $16.55. Amer Sports has a 12-month low of $10.11 and a 12-month high of $29.43.

Hedge Funds Weigh In On Amer Sports

Hedge funds and other institutional investors have recently modified their holdings of the stock. Signaturefd LLC bought a new stake in shares of Amer Sports during the 3rd quarter valued at $49,000. Quarry LP purchased a new position in Amer Sports during the 3rd quarter valued at about $61,000. CWM LLC bought a new stake in Amer Sports during the third quarter worth about $73,000. Amalgamated Bank purchased a new stake in Amer Sports in the second quarter worth about $83,000. Finally, Virtu Financial LLC bought a new position in shares of Amer Sports during the third quarter valued at approximately $167,000. 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.