Adidas AG (ADDYY) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Adidas AG (OTCMKTS:ADDYY) have been assigned an average recommendation of “Buy” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $87.50.
Several analysts have issued reports on ADDYY shares. Zacks Investment Research downgraded shares of Adidas AG from a “buy” rating to a “hold” rating in a research report on Monday, February 13th. CIBC started coverage on shares of Adidas AG in a research 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 research report on Thursday, April 6th. They issued an “outperform” rating for the company. Finally, Commerzbank Ag raised shares of Adidas AG from a “hold” rating to a “buy” rating in a research report on Wednesday, March 15th.
Institutional investors have recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its stake in 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 during the last quarter. Cim Investment Mangement Inc. bought a new stake in Adidas AG during the first quarter worth about $215,000. Mitchell Capital Management Co. boosted its stake in 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 during the last quarter. Hartwell J M Limited Partnership bought a new stake in Adidas AG during the first quarter worth about $409,000. Finally, World Asset Management Inc boosted its stake in 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 during the last quarter. Hedge funds and other institutional investors own 0.34% of the company’s stock.
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Adidas AG (OTCMKTS ADDYY) opened at 94.95 on Monday. Adidas AG has a one year low of $63.97 and a one year high of $101.99. The firm has a market cap of $38.27 billion, a PE ratio of 31.00 and a beta of 0.99. The company has a 50 day moving average of $97.77 and a 200-day moving average of $87.14.
About Adidas AG
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.
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