Brokerages Set adidas AG (OTCMKTS:ADDYY) Price Target at $300.00

Shares of adidas AG (OTCMKTS:ADDYY) have been given an average recommendation of “Hold” by the eighteen brokerages that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $300.00.

Several equities analysts have recently weighed in on ADDYY shares. Zacks Investment Research lowered adidas from a “hold” rating to a “sell” rating in a research note on Tuesday. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of adidas in a research note on Thursday, November 11th. Wedbush reaffirmed an “outperform” rating on shares of adidas in a research note on Wednesday, November 10th. Societe Generale reaffirmed a “buy” rating on shares of adidas in a research note on Monday, October 4th. Finally, Bank of America lowered adidas from a “neutral” rating to an “underperform” rating in a research note on Monday, October 4th.

Shares of OTCMKTS:ADDYY opened at $145.15 on Wednesday. The stock’s 50-day moving average price is $148.37 and its two-hundred day moving average price is $165.19. The company has a current ratio of 1.66, a quick ratio of 1.23 and a debt-to-equity ratio of 0.31. adidas has a 12-month low of $137.64 and a 12-month high of $199.44. The firm has a market cap of $56.63 billion, a price-to-earnings ratio of 32.36, a PEG ratio of 0.56 and a beta of 0.87.

adidas (OTCMKTS:ADDYY) last released its quarterly earnings data on Wednesday, November 10th. The company reported $1.38 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.10). The firm had revenue of $6.78 billion during the quarter, compared to analyst estimates of $6.81 billion. adidas had a net margin of 9.52% and a return on equity of 20.10%. As a group, research analysts forecast that adidas will post 4.05 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC increased its holdings in adidas by 12.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 475,790 shares of the company’s stock worth $88,868,000 after purchasing an additional 54,423 shares during the last quarter. Boston Common Asset Management LLC increased its holdings in adidas by 11.1% during the 3rd quarter. Boston Common Asset Management LLC now owns 33,746 shares of the company’s stock worth $5,315,000 after purchasing an additional 3,385 shares during the last quarter. Mitchell Capital Management Co. increased its holdings in adidas by 1.5% during the 3rd quarter. Mitchell Capital Management Co. now owns 9,342 shares of the company’s stock worth $1,477,000 after purchasing an additional 137 shares during the last quarter. Sofos Investments Inc. grew its position in shares of adidas by 10.6% in the 2nd quarter. Sofos Investments Inc. now owns 6,677 shares of the company’s stock worth $1,247,000 after acquiring an additional 639 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new position in shares of adidas in the 2nd quarter worth approximately $514,000. Institutional investors and hedge funds own 0.03% of the company’s stock.

About adidas

adidas AG engages in the design, distribution, and marketing of athletic and sporting lifestyle products. It operates through the following segments: Europe, North America, Asia-Pacific, Russia/CIS, Latin America, Emerging Markets, adidas Golf, Runtastic, and Other Businesses. The North America segment includes North America adidas and North America Reebok.

Featured Article: Overweight

Analyst Recommendations for adidas (OTCMKTS:ADDYY)

Receive News & Ratings for adidas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for adidas and related companies with MarketBeat.com's FREE daily email newsletter.