Amer Sports (NYSE:AS) Given New $33.00 Price Target at TD Cowen

Amer Sports (NYSE:AS) had its target price boosted by TD Cowen from $29.00 to $33.00 in a research note issued to investors on Wednesday morning,Benzinga reports. TD Cowen currently has a buy rating on the stock.

AS has been the topic of a number of other research reports. JPMorgan Chase & Co. raised their price target on Amer Sports from $19.00 to $26.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Hsbc Global Res downgraded shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 16th. UBS Group raised their price objective on shares of Amer Sports from $27.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Robert W. Baird upped their target price on shares of Amer Sports from $24.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, The Goldman Sachs Group raised their price target on Amer Sports from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.50.

Amer Sports Stock Performance

NYSE AS opened at $30.56 on Wednesday. The company has a fifty day moving average of $24.85 and a two-hundred day moving average of $17.86. The company has a market capitalization of $16.70 billion and a PE ratio of -218.27. Amer Sports has a 1 year low of $10.11 and a 1 year high of $31.32. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AS. JPMorgan Chase & Co. purchased a new stake in shares of Amer Sports during the 3rd quarter worth approximately $25,000. Signaturefd LLC acquired a new position in Amer Sports during the third quarter worth $49,000. GAMMA Investing LLC boosted its position in Amer Sports by 61.8% during the fourth quarter. GAMMA Investing LLC now owns 1,942 shares of the company’s stock worth $54,000 after purchasing an additional 742 shares in the last quarter. Quarry LP acquired a new stake in Amer Sports in the third quarter valued at $61,000. Finally, CWM LLC acquired a new stake in Amer Sports in the third quarter valued at $73,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.

About Amer Sports

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.