Amer Sports (NYSE:AS) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Amer Sports (NYSE:AS) had its price objective lifted by investment analysts at The Goldman Sachs Group from $24.00 to $28.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential upside of 8.70% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. UBS Group raised their price target on Amer Sports from $24.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Robert W. Baird raised their price objective on shares of Amer Sports from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday. Nomura Securities upgraded shares of Amer Sports to a “strong-buy” rating in a research note on Tuesday, September 24th. TD Cowen increased their price target on shares of Amer Sports from $23.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Morgan Stanley lifted their price objective on shares of 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 assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.79.

Amer Sports Trading Up 0.5 %

NYSE AS opened at $25.76 on Tuesday. 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 1-year low of $10.11 and a 1-year high of $26.85. The firm’s fifty day simple moving average is $20.76 and its 200-day simple moving average is $15.94. The company has a market capitalization of $14.07 billion and a PE ratio of -183.99.

Institutional Investors Weigh In On Amer Sports

Hedge funds and other institutional investors have recently modified their holdings of the stock. Signaturefd LLC bought a new stake in Amer Sports in the 3rd quarter valued at $49,000. Quarry LP bought a new stake in shares of Amer Sports in the third quarter valued at about $61,000. CWM LLC acquired a new stake in Amer Sports during the third quarter worth about $73,000. Amalgamated Bank bought a new position in Amer Sports during the second quarter valued at about $83,000. Finally, Virtu Financial LLC acquired a new position in Amer Sports in the 3rd quarter valued at approximately $167,000. Institutional investors and hedge funds own 40.25% of the company’s stock.

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.