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

Research analysts at Sanford C. Bernstein began coverage on shares of Amer Sports (NYSE:AS - Get Free Report) in a research note issued on Thursday, Marketbeat Ratings reports. The firm set an "outperform" rating and a $38.00 price target on the stock. Sanford C. Bernstein's price target suggests a potential upside of 22.60% from the company's previous close.

Several other research analysts have also commented on the stock. Robert W. Baird raised their price objective on shares of Amer Sports from $24.00 to $30.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Morgan Stanley raised 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. The Goldman Sachs Group upped their price objective on Amer Sports from $28.00 to $31.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lifted their target price on Amer Sports from $19.00 to $26.00 and gave the company an "overweight" rating in a report on Wednesday, November 20th. Finally, Wells Fargo & Company boosted their target price on Amer Sports from $20.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Friday, December 20th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Amer Sports has an average rating of "Moderate Buy" and a consensus target price of $28.64.

Amer Sports Trading Up 0.4 %

Shares of AS traded up $0.12 during midday trading on Thursday, hitting $31.00. 1,768,037 shares of the stock were exchanged, compared to its average volume of 2,408,095. The stock has a fifty day simple moving average of $29.60 and a 200 day simple moving average of $21.50. Amer Sports has a 52-week low of $10.11 and a 52-week high of $34.00. The firm has a market cap of $16.93 billion and a P/E ratio of -221.38. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new position in Amer Sports during the 3rd quarter worth approximately $25,000. West Branch Capital LLC raised its stake in Amer Sports by 14,285.7% during the 4th quarter. West Branch Capital LLC now owns 1,007 shares of the company's stock valued at $28,000 after acquiring an additional 1,000 shares during the last quarter. Kieckhefer Group LLC acquired a new stake in Amer Sports during the 4th quarter worth approximately $42,000. Signaturefd LLC purchased a new position in Amer Sports in the 3rd quarter valued at $49,000. Finally, GAMMA Investing LLC boosted its holdings 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 acquiring an additional 742 shares in the last quarter. Institutional investors and hedge funds own 40.25% of the company's stock.

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.