Amer Sports (NYSE:AS) Given New $36.00 Price Target at Citigroup

Amer Sports (NYSE:AS) had its price target upped by Citigroup from $24.00 to $36.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 21.21% from the company’s current price.

AS has been the topic of several other research reports. Wells Fargo & Company lifted their price objective on Amer Sports from $20.00 to $25.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. 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. The Goldman Sachs Group increased their price objective on Amer Sports from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Robert W. Baird lifted their target price on shares of Amer Sports from $24.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, Nomura Securities raised shares of Amer Sports to a “strong-buy” rating in a research report on Tuesday, September 24th. Five investment 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 stock. According to MarketBeat.com, Amer Sports presently has a consensus rating of “Moderate Buy” and an average price target of $26.00.

Amer Sports Trading Down 0.5 %

NYSE AS opened at $29.70 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 simple moving average is $24.59 and its two-hundred day simple moving average is $17.77. Amer Sports has a twelve month low of $10.11 and a twelve month high of $31.32. The company has a market capitalization of $16.23 billion and a price-to-earnings ratio of -212.13.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its holdings in shares of Amer Sports by 734.8% during the third quarter. BNP Paribas Financial Markets now owns 80,760 shares of the company’s stock valued at $1,288,000 after acquiring an additional 71,086 shares in the last quarter. Woodson Capital Management LP bought a new stake in Amer Sports during the 3rd quarter valued at about $12,907,000. Shellback Capital LP raised its holdings in Amer Sports by 5.0% in the second quarter. Shellback Capital LP now owns 525,000 shares of the company’s stock worth $6,599,000 after buying an additional 25,000 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Amer Sports in the third quarter worth approximately $609,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Amer Sports during the third quarter valued at approximately $337,000. 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.