Amer Sports, Inc. (NYSE:AS) Given Average Rating of “Moderate Buy” by Analysts

Amer Sports, Inc. (NYSE:AS) has earned an average rating of “Moderate Buy” from the sixteen brokerages that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $27.07.

AS has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price target on shares of Amer Sports from $20.00 to $25.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. TD Cowen lifted their price target on Amer Sports from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Robert W. Baird increased their price objective on Amer Sports from $24.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Hsbc Global Res downgraded Amer Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, December 16th. Finally, Morgan Stanley raised their price target on shares of Amer Sports from $19.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Tuesday.

Amer Sports Stock Performance

AS opened at $30.77 on Thursday. The company has a market cap of $16.81 billion and a P/E ratio of -219.76. 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 firm’s 50-day moving average price is $26.83 and its 200-day moving average price is $18.97. Amer Sports has a 52-week low of $10.11 and a 52-week high of $31.60.

Hedge Funds Weigh In On Amer Sports

Hedge funds have recently bought and sold shares of the business. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Amer Sports in the fourth quarter valued at approximately $104,000. Exchange Traded Concepts LLC purchased a new stake in Amer Sports in the 4th quarter worth $2,513,000. SG Americas Securities LLC acquired a new position in Amer Sports during the fourth quarter worth $269,000. West Branch Capital LLC lifted its holdings in Amer Sports by 14,285.7% during the fourth quarter. West Branch Capital LLC now owns 1,007 shares of the company’s stock valued at $28,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Dakota Wealth Management acquired a new stake in shares of Amer Sports in the fourth quarter valued at about $1,083,000. Hedge funds and other 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.