Amer Sports (NYSE:AS) Reaches New 12-Month High – Here’s What Happened

Amer Sports, Inc. (NYSE:AS)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $25.15 and last traded at $25.05, with a volume of 93848 shares changing hands. The stock had previously closed at $24.30.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AS shares. UBS Group upped their price target on shares of Amer Sports from $24.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Citigroup upped their price target on Amer Sports from $19.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. The Goldman Sachs Group upped their target price on Amer Sports from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Wells Fargo & Company increased their price objective on shares of Amer Sports from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.43.

Amer Sports Stock Up 0.3 %

The firm’s 50-day simple moving average is $18.54 and its two-hundred day simple moving average is $15.15. The stock has a market cap of $12.93 billion and a price-to-earnings ratio of -182.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Signaturefd LLC bought a new position in shares of Amer Sports in the 3rd quarter valued at about $49,000. Quarry LP bought a new stake in shares of Amer Sports in the 3rd quarter valued at $61,000. CWM LLC acquired a new position in Amer Sports in the third quarter valued at about $73,000. Dnca Finance bought a new position in shares of Amer Sports during the 2nd quarter valued at about $81,000. Finally, Amalgamated Bank bought a new stake in Amer Sports during the 2nd quarter worth approximately $83,000. 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.