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.
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.
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.
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