Amer Sports (NYSE:AS) Lowered to “Hold” Rating by Hsbc Global Res

Hsbc Global Res lowered shares of Amer Sports (NYSE:AS) from a strong-buy rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

AS has been the subject of several other reports. UBS Group upped their price objective on shares of Amer Sports from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Evercore ISI raised their price target on Amer Sports from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Robert W. Baird boosted 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. Citigroup raised their target price on Amer Sports from $19.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Wells Fargo & Company upped their price target on Amer Sports from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Five 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.79.

Amer Sports Stock Down 3.7 %

AS opened at $27.69 on Monday. The firm has a market cap of $15.13 billion and a P/E ratio of -197.77. 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 business has a 50 day moving average price of $21.76 and a 200 day moving average price of $16.38. Amer Sports has a twelve month low of $10.11 and a twelve month high of $29.43.

Institutional Trading of Amer Sports

Several institutional investors have recently made changes to their positions in the business. Sanctuary Advisors LLC acquired a new position in Amer Sports in the third quarter worth about $168,000. Virtu Financial LLC bought a new stake in shares of Amer Sports in the 3rd quarter valued at approximately $167,000. Public Employees Retirement System of Ohio bought a new stake in shares of Amer Sports in the 3rd quarter valued at approximately $337,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Amer Sports in the 3rd quarter worth approximately $467,000. Finally, XTX Topco Ltd bought a new position in shares of Amer Sports during the 3rd quarter worth approximately $609,000. 40.25% of the stock is currently 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.