adidas AG (ADDYY) Receives Average Rating of “Buy” from Analysts
Shares of adidas AG (OTCMKTS:ADDYY) have been given an average rating of “Buy” by the ten analysts that are currently covering the firm. Four analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $87.50.
A number of equities research analysts have weighed in on ADDYY shares. CIBC started coverage on shares of adidas AG in a report on Friday, April 7th. They issued an “outperform” rating for the company. Oppenheimer Holdings Inc. started coverage on shares of adidas AG in a report on Thursday, April 6th. They issued an “outperform” rating for the company. Commerzbank Ag raised shares of adidas AG from a “hold” rating to a “buy” rating in a report on Wednesday, March 15th. Finally, Zacks Investment Research raised shares of adidas AG from a “hold” rating to a “buy” rating and set a $95.00 price target for the company in a report on Wednesday, March 8th.
TRADEMARK VIOLATION NOTICE: “adidas AG (ADDYY) Receives Average Rating of “Buy” from Analysts” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this news story can be read at https://www.americanbankingnews.com/2017/05/16/adidas-ag-addyy-receives-average-rating-of-buy-from-analysts.html.
Shares of adidas AG (OTCMKTS:ADDYY) opened at 97.08 on Tuesday. adidas AG has a 52 week low of $61.16 and a 52 week high of $101.99. The company has a market cap of $39.13 billion, a PE ratio of 32.33 and a beta of 1.07.
adidas AG (OTCMKTS:ADDYY) last posted its quarterly earnings data on Wednesday, March 8th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.03. The business had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $5.15 billion. adidas AG had a net margin of 5.23% and a return on equity of 17.06%. Analysts predict that adidas AG will post $5.01 EPS for the current year.
Hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC increased its position in shares of adidas AG by 146.3% in the first quarter. Quadrant Capital Group LLC now owns 1,717 shares of the company’s stock worth $156,000 after buying an additional 1,020 shares in the last quarter. Cim Investment Mangement Inc. acquired a new position in shares of adidas AG during the first quarter worth $215,000. Mitchell Capital Management Co. increased its position in shares of adidas AG by 1.4% in the first quarter. Mitchell Capital Management Co. now owns 2,828 shares of the company’s stock worth $269,000 after buying an additional 40 shares in the last quarter. Hartwell J M Limited Partnership acquired a new position in shares of adidas AG during the first quarter worth $409,000. Finally, World Asset Management Inc increased its position in shares of adidas AG by 1.3% in the first quarter. World Asset Management Inc now owns 26,074 shares of the company’s stock worth $2,486,000 after buying an additional 343 shares in the last quarter. Hedge funds and other institutional investors own 0.33% of the company’s stock.
adidas AG Company Profile
Adidas AG and its subsidiaries design, develop, produce and market a range of athletic and sports lifestyle products. The Company’s segments include Western Europe; North America; Greater China; Russia/CIS; Latin America; Japan; Middle East, South Korea, Southeast Asia/Pacific; TaylorMade-adidas Golf; CCM Hockey; Runtastic and Other centrally managed business.
Receive News & Ratings for adidas AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for adidas AG and related companies with MarketBeat.com's FREE daily email newsletter.