Shares of Adidas AG (OTCMKTS:ADDYY) have earned a consensus recommendation of “Buy” from the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $87.50.

ADDYY has been the subject of a number of research reports. Oppenheimer Holdings, Inc. initiated coverage on shares of Adidas AG in a research note on Thursday, April 6th. They set an “outperform” rating for the company. CIBC initiated coverage on shares of Adidas AG in a research note on Friday, April 7th. They set an “outperform” rating for the company. HSBC Holdings plc raised shares of Adidas AG from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Finally, Raymond James Financial, Inc. raised shares of Adidas AG from an “underperform” rating to a “market perform” rating in a research note on Thursday, July 6th.

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Adidas AG (ADDYY) opened at 114.53 on Tuesday. Adidas AG has a 12-month low of $70.61 and a 12-month high of $114.53.

Hedge funds have recently added to or reduced their stakes in the company. WCM Investment Management CA raised its position in Adidas AG by 6.5% in the first quarter. WCM Investment Management CA now owns 877,412 shares of the company’s stock worth $83,521,000 after buying an additional 53,627 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in Adidas AG by 10.7% in the first quarter. Parametric Portfolio Associates LLC now owns 279,153 shares of the company’s stock worth $26,573,000 after buying an additional 26,986 shares during the last quarter. Todd Asset Management LLC acquired a new position in Adidas AG during the first quarter worth $3,474,000. Teachers Retirement System of The State of Kentucky acquired a new position in Adidas AG during the first quarter worth $3,474,000. Finally, World Asset Management Inc raised its position 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. 0.34% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Adidas AG (OTCMKTS:ADDYY)

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