Amer Sports (NYSE:AS) Given New $19.00 Price Target at Morgan Stanley

Amer Sports (NYSE:AS) had its price target increased by Morgan Stanley from $15.00 to $19.00 in a research report released on Wednesday,Benzinga reports. They currently have an equal weight rating on the stock.

AS has been the topic of a number of other reports. Robert W. Baird lifted their price objective on Amer Sports from $20.00 to $24.00 and gave the stock an “outperform” rating in a research note on Wednesday. Nomura Securities upgraded shares of Amer Sports to a “strong-buy” rating in a research report on Tuesday, September 24th. The Goldman Sachs Group increased their price objective on shares of Amer Sports from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. UBS Group boosted their target price on shares of Amer Sports from $19.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, TD Cowen increased their price target on Amer Sports from $17.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.43.

Amer Sports Stock Up 2.6 %

Shares of AS opened at $24.30 on Wednesday. The stock’s 50-day moving average price is $18.10 and its two-hundred day moving average price is $14.98. Amer Sports has a 12 month low of $10.11 and a 12 month high of $24.60. The company has a market capitalization of $12.28 billion and a PE ratio of -173.56. The company has a current ratio of 1.62, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58.

Institutional Trading of Amer Sports

Several large investors have recently made changes to their positions in AS. Signaturefd LLC acquired a new stake in Amer Sports in the 3rd quarter valued at $49,000. Quarry LP acquired a new position in Amer Sports during the third quarter worth $61,000. CWM LLC bought a new position in shares of Amer Sports in the third quarter valued at $73,000. Dnca Finance acquired a new position in shares of Amer Sports during the second quarter valued at about $81,000. Finally, Amalgamated Bank bought a new stake in shares of Amer Sports during the second quarter worth about $83,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.

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.