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

Shares of Amer Sports, Inc. (NYSE:AS) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $21.43.

Several brokerages have recently issued reports on AS. Morgan Stanley raised their price objective on shares of Amer Sports from $15.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. UBS Group raised their price target on shares of Amer Sports from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. The Goldman Sachs Group upped their price objective on shares of Amer Sports from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Evercore ISI reissued an “outperform” rating and set a $26.00 target price (up from $25.00) on shares of Amer Sports in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. boosted their price target on Amer Sports from $19.00 to $26.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC bought a new stake in Amer Sports during the third quarter worth about $168,000. Virtu Financial LLC acquired a new position in shares of Amer Sports in the 3rd quarter worth approximately $167,000. Public Employees Retirement System of Ohio bought a new stake in Amer Sports during the 3rd quarter worth approximately $337,000. Y Intercept Hong Kong Ltd acquired a new stake in Amer Sports during the 3rd quarter valued at $467,000. Finally, XTX Topco Ltd bought a new position in Amer Sports in the 3rd quarter valued at $609,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Amer Sports Stock Performance

AS opened at $26.33 on Wednesday. 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 50 day moving average price is $19.20 and its two-hundred day moving average price is $15.37. The firm has a market capitalization of $13.30 billion and a P/E ratio of -188.06. Amer Sports has a 12-month low of $10.11 and a 12-month high of $26.85.

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.