TD Cowen Increases Amer Sports (NYSE:AS) Price Target to $33.00

Amer Sports (NYSE:AS) had its price target raised by investment analysts at TD Cowen from $29.00 to $33.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price target would suggest a potential upside of 7.74% from the stock’s current price.

Several other equities research analysts also recently issued reports on the company. Robert W. Baird raised their price target on Amer Sports from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Citigroup raised their price target on shares of Amer Sports from $24.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday. Evercore ISI raised their price objective on shares of Amer Sports from $26.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. upped their price objective on Amer Sports from $19.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Finally, The Goldman Sachs Group lifted their price objective on Amer Sports from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $26.50.

Amer Sports Stock Up 3.0 %

Shares of AS traded up $0.89 during mid-day trading on Wednesday, hitting $30.63. 1,573,703 shares of the company’s stock were exchanged, compared to its average volume of 2,965,522. 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 has a market cap of $16.74 billion and a price-to-earnings ratio of -218.77. Amer Sports has a twelve month low of $10.11 and a twelve month high of $31.32. The firm has a fifty day moving average of $24.59 and a two-hundred day moving average of $17.77.

Hedge Funds Weigh In On Amer Sports

A number of large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new stake in Amer Sports during the third quarter worth about $25,000. GAMMA Investing LLC boosted its position 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 worth $54,000 after acquiring an additional 742 shares in the last quarter. Signaturefd LLC bought a new position in Amer Sports in the third quarter valued at approximately $49,000. Quarry LP acquired a new position in Amer Sports during the third quarter valued at approximately $61,000. Finally, CWM LLC acquired a new stake in shares of Amer Sports in the 3rd quarter valued at $73,000. Institutional investors 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.