Amer Sports (NYSE:AS) Rating Lowered to Hold at Hsbc Global Res

Amer Sports (NYSE:AS) was downgraded by stock analysts at Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other equities research analysts also recently commented on AS. TD Cowen raised their price objective on shares of Amer Sports from $23.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Wells Fargo & Company raised 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 report on Wednesday, November 20th. JPMorgan Chase & Co. raised 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. HSBC downgraded shares of Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a research report on Monday. Finally, Evercore ISI raised their price objective on shares of Amer Sports from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Amer Sports has a consensus rating of “Moderate Buy” and an average price target of $24.79.

Amer Sports Stock Performance

NYSE AS opened at $28.74 on Monday. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. Amer Sports has a 52-week low of $10.11 and a 52-week high of $29.43. The business’s 50-day moving average price is $21.39 and its 200 day moving average price is $16.21. The firm has a market cap of $15.70 billion and a P/E ratio of -208.21.

Institutional Trading of Amer Sports

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new stake in shares of Amer Sports during the 3rd quarter valued at $168,000. Virtu Financial LLC purchased a new stake in shares of Amer Sports during the 3rd quarter valued at $167,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Amer Sports during the 3rd quarter valued at $337,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Amer Sports during the 3rd quarter valued at $467,000. Finally, XTX Topco Ltd purchased a new stake in shares of Amer Sports during the 3rd quarter valued at $609,000. 40.25% of the stock is owned by hedge funds and other institutional investors.

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.