adidas AG Receives Average Recommendation of “Hold” from Analysts (NASDAQ:ADDYY)
Shares of adidas AG (NASDAQ:ADDYY) have earned a consensus rating of “Hold” from the ten analysts that are currently covering the stock, Analyst Ratings Network reports. Three research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has issued a buy recommendation on the company.
Shares of adidas AG (NASDAQ:ADDYY) opened at 38.995 on Friday. adidas AG has a 52 week low of $38.55 and a 52 week high of $64.24. The stock has a 50-day moving average of $48.9 and a 200-day moving average of $53.41. The company has a market cap of $16.317 billion and a P/E ratio of 17.94.
adidas AG (NASDAQ:ADDYY) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.67 earnings per share for the quarter, missing the analysts’ 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.
A number of analysts have recently weighed in on ADDYY shares. Analysts at Berenberg Bank downgraded shares of adidas AG to a “sell” rating in a research note on Monday. Separately, analysts at Susquehanna downgraded shares of adidas AG from a “positive” rating to a “neutral” rating in a research note on Friday. Finally, analysts at Raymond James downgraded shares of adidas AG from an “outperform” rating to a “market perform” rating in a research note on Friday.
adidas AG is a Germany-based holding company for the adidas Group, which is engaged in sports footwear, apparel and accessories.
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