Amer Sports, Inc. (NYSE:AS) Receives $25.14 Consensus Target Price from Analysts

Amer Sports, Inc. (NYSE:AS) has received a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $25.14.

Several analysts have recently issued reports on AS shares. Evercore ISI increased their target price on Amer Sports from $26.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Hsbc Global Res downgraded shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 16th. Citigroup raised their target price on shares of Amer Sports from $19.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. UBS Group upped their price target on shares of Amer Sports from $27.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Finally, TD Cowen lifted their price objective on shares of Amer Sports from $23.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, December 9th.

Amer Sports Price Performance

Amer Sports stock opened at $28.42 on Friday. The firm has a market cap of $15.53 billion and a PE ratio of -202.99. 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 stock’s fifty day moving average price is $23.09 and its two-hundred day moving average price is $17.04. 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

Several large investors have recently bought and sold shares of AS. FMR LLC grew its holdings in Amer Sports by 71.2% during the 3rd quarter. FMR LLC now owns 7,533,007 shares of the company’s stock worth $120,151,000 after acquiring an additional 3,133,312 shares during the period. Point72 Hong Kong Ltd boosted its holdings 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 buying an additional 2,776,619 shares in the last quarter. Point72 Asset Management L.P. grew its position in shares of Amer Sports by 308.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 3,106,202 shares of the company’s stock worth $39,045,000 after buying an additional 2,345,420 shares during the period. Hood River Capital Management LLC increased its stake in shares of Amer Sports by 32.9% in the 2nd quarter. Hood River Capital Management LLC now owns 3,896,784 shares of the company’s stock valued at $48,983,000 after acquiring an additional 965,625 shares in the last quarter. Finally, Woodson Capital Management LP acquired a new position in shares of Amer Sports during the 3rd quarter valued at $12,907,000. 40.25% of the stock is currently owned by institutional investors.

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.