Amer Sports (NYSE:AS) Coverage Initiated by Analysts at Sanford C. Bernstein

Sanford C. Bernstein initiated coverage on shares of Amer Sports (NYSE:AS) in a research note issued to investors on Thursday, MarketBeat reports. The firm issued an outperform rating and a $38.00 price target on the stock.

AS has been the subject of several other reports. Robert W. Baird upped their price target on shares of Amer Sports from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Evercore ISI upped their price target 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. The Goldman Sachs Group upped their price target on shares of Amer Sports from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. TD Cowen upped their price target on shares of Amer Sports from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Finally, Morgan Stanley upped their price target on shares of Amer Sports from $19.00 to $27.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Amer Sports presently has a consensus rating of “Moderate Buy” and an average price target of $28.64.

Amer Sports Stock Up 2.7 %

Shares of NYSE:AS opened at $30.96 on Thursday. The firm has a fifty day moving average of $29.36 and a 200 day moving average of $21.16. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. Amer Sports has a 52-week low of $10.11 and a 52-week high of $34.00. The firm has a market capitalization of $16.91 billion and a PE ratio of -221.11.

Hedge Funds Weigh In On Amer Sports

A number of institutional investors have recently bought and sold shares of AS. CWM LLC bought a new position in Amer Sports in the third quarter worth about $73,000. Creative Planning bought a new position in Amer Sports in the third quarter worth about $656,000. Seven Grand Managers LLC raised its stake in Amer Sports by 566.7% in the third quarter. Seven Grand Managers LLC now owns 100,000 shares of the company’s stock worth $1,595,000 after buying an additional 85,000 shares in the last quarter. Signaturefd LLC bought a new position in Amer Sports in the third quarter worth about $49,000. Finally, China Universal Asset Management Co. Ltd. raised its stake in Amer Sports by 47.2% in the third quarter. China Universal Asset Management Co. Ltd. now owns 116,970 shares of the company’s stock worth $1,866,000 after buying an additional 37,500 shares in the last quarter. 40.25% of the stock is owned by institutional investors.

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.