Amer Sports (NYSE:AS) Price Target Raised to $29.00

Amer Sports (NYSE:AS) had its price objective upped by TD Cowen from $23.00 to $29.00 in a report released on Monday,Benzinga reports. TD Cowen currently has a buy rating on the stock.

Several other equities analysts also recently commented on AS. Evercore ISI reissued an “outperform” rating and issued a $26.00 price objective (up previously from $25.00) on shares of Amer Sports in a research note on Wednesday, November 20th. The Goldman Sachs Group increased their price target on Amer Sports from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. boosted their price objective on Amer Sports from $19.00 to $26.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Nomura Securities raised Amer Sports to a “strong-buy” rating in a report on Tuesday, September 24th. Finally, Morgan Stanley lifted their price target on Amer Sports from $15.00 to $19.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Four 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. According to MarketBeat, Amer Sports currently has a consensus rating of “Moderate Buy” and an average price target of $22.79.

Amer Sports Stock Up 0.5 %

Shares of NYSE AS opened at $25.76 on Monday. The company has a market cap of $14.07 billion and a price-to-earnings ratio of -183.99. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58. Amer Sports has a 12 month low of $10.11 and a 12 month high of $26.85. The stock has a 50-day moving average price of $20.76 and a two-hundred day moving average price of $15.94.

Institutional Investors Weigh In On Amer Sports

A number of institutional investors have recently modified their holdings of the company. Signaturefd LLC acquired a new position in shares of Amer Sports in the 3rd quarter valued at about $49,000. Quarry LP bought a new stake in Amer Sports in the third quarter worth approximately $61,000. CWM LLC acquired a new position in Amer Sports in the third quarter valued at approximately $73,000. Amalgamated Bank bought a new position in shares of Amer Sports during the 2nd quarter worth approximately $83,000. Finally, Virtu Financial LLC acquired a new stake in shares of Amer Sports during the 3rd quarter worth approximately $167,000. 40.25% of the stock is owned by institutional investors.

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.