Amer Sports (NYSE:AS) Hits New 12-Month High – Still a Buy?

Amer Sports, Inc. (NYSE:AS)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $31.75 and last traded at $31.67, with a volume of 574886 shares trading hands. The stock had previously closed at $30.44.

Wall Street Analyst Weigh In

AS has been the subject of several recent analyst reports. TD Cowen lifted their target price on shares of Amer Sports from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group boosted their target price on shares of Amer Sports from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Evercore ISI raised their target price on Amer Sports from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Hsbc Global Res downgraded Amer Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, December 16th. Finally, Citigroup upped their price target on shares of Amer Sports from $24.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Amer Sports currently has an average rating of “Moderate Buy” and a consensus price target of $27.07.

Amer Sports Trading Up 0.6 %

The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58. The firm has a market cap of $18.01 billion and a PE ratio of -236.20. The company’s 50-day moving average is $27.94 and its 200 day moving average is $19.65.

Hedge Funds Weigh In On Amer Sports

Several institutional investors and hedge funds have recently bought and sold shares of AS. JPMorgan Chase & Co. acquired a new stake in shares of Amer Sports during the 3rd quarter valued at $25,000. West Branch Capital LLC grew its stake in Amer Sports by 14,285.7% in the fourth quarter. West Branch Capital LLC now owns 1,007 shares of the company’s stock valued at $28,000 after purchasing an additional 1,000 shares in the last quarter. Kieckhefer Group LLC acquired a new position in Amer Sports in the 4th quarter worth about $42,000. Signaturefd LLC purchased a new stake in shares of Amer Sports during the 3rd quarter worth about $49,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Amer Sports by 61.8% during the 4th quarter. GAMMA Investing LLC now owns 1,942 shares of the company’s stock valued at $54,000 after buying an additional 742 shares during the last quarter. Hedge funds and other 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.