Adidas AG (OTCMKTS:ADDYY) Stock Rating Upgraded by HSBC Holdings plc
Adidas AG (OTCMKTS:ADDYY) was upgraded by equities research analysts at HSBC Holdings plc from a “hold” rating to a “buy” rating in a research report issued on Wednesday.
A number of other research analysts have also commented on ADDYY. CIBC assumed coverage on Adidas AG in a report on Friday, April 7th. They set an “outperform” rating on the stock. Oppenheimer Holdings, Inc. assumed coverage on Adidas AG in a report on Thursday, April 6th. They set an “outperform” rating on the stock. Commerzbank Ag raised Adidas AG from a “hold” rating to a “buy” rating in a report on Wednesday, March 15th. Finally, Zacks Investment Research raised Adidas AG from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a report on Wednesday, March 8th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $87.50.
Adidas AG (ADDYY) traded up 0.37% during mid-day trading on Wednesday, reaching $100.50. The company’s stock had a trading volume of 51,896 shares. Adidas AG has a 1-year low of $69.64 and a 1-year high of $101.99.
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A number of hedge funds have recently added to or reduced their stakes in ADDYY. Quadrant Capital Group LLC raised 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 period. Cim Investment Mangement Inc. acquired a new stake in Adidas AG during the first quarter worth about $215,000. Mitchell Capital Management Co. raised 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 period. Hartwell J M Limited Partnership acquired a new stake in Adidas AG during the first quarter worth about $409,000. Finally, World Asset Management Inc raised 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 period. 0.34% of the stock is currently owned by hedge funds and other institutional investors.
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.
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