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

Amer Sports (NYSE:AS) had its target price increased by TD Cowen from $23.00 to $29.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price objective would suggest a potential upside of 13.73% from the company’s current price.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. upped their target price on Amer Sports from $19.00 to $26.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. The Goldman Sachs Group upped their price objective on shares of Amer Sports from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Evercore ISI reissued an “outperform” rating and issued a $26.00 target price (up from $25.00) on shares of Amer Sports in a report on Wednesday, November 20th. Citigroup upped their price target on shares of Amer Sports from $19.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Nomura Securities raised shares of Amer Sports to a “strong-buy” rating in a research note on Tuesday, September 24th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Amer Sports currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.29.

Amer Sports Price Performance

Shares of NYSE AS traded up $0.49 during midday trading on Monday, reaching $25.50. The company’s stock had a trading volume of 2,420,611 shares, compared to its average volume of 1,873,624. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. The company has a market cap of $13.93 billion and a P/E ratio of -182.06. The business’s 50 day moving average price is $20.20 and its two-hundred day moving average price is $15.72. Amer Sports has a fifty-two week low of $10.11 and a fifty-two week high of $26.85.

Institutional Investors Weigh In On Amer Sports

A number of institutional investors have recently made changes to their positions in the stock. Signaturefd LLC bought a new position in Amer Sports during the third quarter worth $49,000. Quarry LP acquired a new position in shares of Amer Sports in the 3rd quarter valued at about $61,000. CWM LLC bought a new stake in shares of Amer Sports during the 3rd quarter valued at about $73,000. Amalgamated Bank acquired a new stake in Amer Sports during the second quarter worth approximately $83,000. Finally, Virtu Financial LLC acquired a new stake in Amer Sports during the third quarter worth approximately $167,000. 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.