Amer Sports (NYSE:AS) Sets New 52-Week High – Should You Buy?

Shares of Amer Sports, Inc. (NYSE:AS) 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. The stock had previously closed at $24.30.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. UBS Group upped their price objective on Amer Sports from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. The Goldman Sachs Group raised 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. Wells Fargo & Company upped their price objective on Amer Sports from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. increased their price objective on shares of Amer Sports from $19.00 to $26.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Finally, Citigroup boosted their price objective on Amer Sports from $19.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Four research 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’s stock. According to MarketBeat.com, Amer Sports currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.43.

Amer Sports Trading Up 0.3 %

The company has a market capitalization of $12.93 billion and a price-to-earnings ratio of -182.75. 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 business’s 50 day moving average price is $18.54 and its two-hundred day moving average price is $15.15.

Institutional Trading of Amer Sports

Hedge funds and other institutional investors have recently modified their holdings of the stock. Signaturefd LLC acquired a new stake in shares of Amer Sports during the 3rd quarter valued at $49,000. Quarry LP acquired a new position in shares of Amer Sports in the third quarter valued at approximately $61,000. CWM LLC bought a new position in Amer Sports in the 3rd quarter valued at approximately $73,000. Dnca Finance acquired a new stake in Amer Sports during the 2nd quarter worth approximately $81,000. Finally, Amalgamated Bank bought a new stake in Amer Sports during the 2nd quarter worth approximately $83,000. Institutional investors 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.