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

Shares of Amer Sports, Inc. (NYSE:AS) have been assigned an average recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $25.14.

A number of brokerages have weighed in on AS. Robert W. Baird raised their target price on shares of Amer Sports from $24.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Wells Fargo & Company upped their price objective on Amer Sports from $20.00 to $25.00 and gave the company an “equal weight” rating in a research report on Friday, December 20th. Nomura Securities raised shares of Amer Sports to a “strong-buy” rating in a report on Tuesday, September 24th. TD Cowen upped their price target on shares of Amer Sports from $23.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Morgan Stanley increased their price target on shares of Amer Sports from $15.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th.

Amer Sports Stock Performance

Shares of AS opened at $28.79 on Friday. The company has a 50-day simple moving average of $22.70 and a two-hundred day simple moving average of $16.85. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77. The firm has a market capitalization of $15.73 billion and a PE ratio of -205.63. Amer Sports has a one year low of $10.11 and a one year high of $29.43.

Hedge Funds Weigh In On Amer Sports

Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC raised its stake in Amer Sports by 71.2% in the third quarter. FMR LLC now owns 7,533,007 shares of the company’s stock worth $120,151,000 after buying an additional 3,133,312 shares in the last quarter. Point72 Hong Kong Ltd lifted its stake in shares of Amer Sports by 557.7% during the 2nd quarter. Point72 Hong Kong Ltd now owns 3,274,519 shares of the company’s stock worth $41,161,000 after purchasing an additional 2,776,619 shares during the last quarter. Point72 Asset Management L.P. boosted its position in Amer Sports by 308.3% during the second quarter. Point72 Asset Management L.P. now owns 3,106,202 shares of the company’s stock valued at $39,045,000 after purchasing an additional 2,345,420 shares in the last quarter. Hood River Capital Management LLC boosted its position in Amer Sports by 32.9% during the second quarter. Hood River Capital Management LLC now owns 3,896,784 shares of the company’s stock valued at $48,983,000 after purchasing an additional 965,625 shares in the last quarter. Finally, Woodson Capital Management LP bought a new position in Amer Sports in the third quarter worth about $12,907,000. 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.