adidas AG Receives Average Recommendation of “Hold” from Brokerages (NASDAQ:ADDYY)
Shares of adidas AG (NASDAQ:ADDYY) have received an average recommendation of “Hold” from the nine ratings firms that are presently covering the company, American Banking and Market News reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company.
Several analysts have recently commented on the stock. Analysts at Susquehanna downgraded shares of adidas AG from a “positive” rating to a “neutral” rating in a research note on Friday. Separately, analysts at Raymond James downgraded shares of adidas AG from an “outperform” rating to a “market perform” rating in a research note on Friday. Finally, analysts at Deutsche Bank downgraded shares of adidas AG from a “hold” rating to a “sell” rating in a research note on Friday.
Shares of adidas AG (NASDAQ:ADDYY) traded down 1.06% on Friday, hitting $39.135. 66,709 shares of the company’s stock traded hands. adidas AG has a 1-year low of $39.52 and a 1-year high of $64.24. The stock’s 50-day moving average is $49.73 and its 200-day moving average is $53.84. The company has a market cap of $16.375 billion and a price-to-earnings ratio of 18.14.
adidas AG (NASDAQ:ADDYY) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by $0.32. On average, analysts predict that adidas AG will post $2.04 earnings per share for the current fiscal year.
adidas AG is a Germany-based holding company for the adidas Group, which is engaged in sports footwear, apparel and accessories.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.