Amer Sports (NYSE:AS) Sets New 12-Month High – Should You Buy?

Amer Sports, Inc. (NYSE:AS) shares 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 traded. The stock had previously closed at $30.44.

Analyst Ratings Changes

Several brokerages have commented on AS. JPMorgan Chase & Co. lifted their price objective on shares of Amer Sports from $19.00 to $26.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Hsbc Global Res downgraded Amer Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 16th. Citigroup lifted their price target on Amer Sports from $24.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Robert W. Baird upped their price objective on Amer Sports from $24.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, Morgan Stanley lifted their price objective on shares of Amer Sports from $19.00 to $27.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Amer Sports has an average rating of “Moderate Buy” and an average target price of $27.07.

Amer Sports Stock Performance

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 stock’s 50-day simple moving average is $27.94 and its 200 day simple moving average is $19.65. The company has a market capitalization of $18.01 billion and a PE ratio of -236.20.

Institutional Trading of Amer Sports

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new stake in Amer Sports in the 3rd quarter valued at approximately $25,000. West Branch Capital LLC raised its position 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 worth $28,000 after acquiring an additional 1,000 shares in the last quarter. Kieckhefer Group LLC acquired a new stake in Amer Sports in the fourth quarter valued at $42,000. Signaturefd LLC purchased a new stake in shares of Amer Sports in the third quarter valued at about $49,000. Finally, GAMMA Investing LLC grew its position in shares of Amer Sports by 61.8% in the fourth quarter. GAMMA Investing LLC now owns 1,942 shares of the company’s stock valued at $54,000 after purchasing an additional 742 shares during the last quarter. 40.25% of the stock is owned by institutional investors and hedge funds.

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.