Adidas AG (OTCMKTS:ADDYY) has been given a consensus rating of “Buy” by the eleven research firms that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $152.50.

A number of research analysts recently weighed in on ADDYY shares. HSBC Holdings plc upgraded shares of Adidas AG from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Raymond James Financial, Inc. upgraded shares of Adidas AG from an “underperform” rating to a “market perform” rating in a research report on Thursday, July 6th. Finally, Deutsche Bank AG lowered shares of Adidas AG from a “buy” rating to a “hold” rating and set a $210.00 price target for the company. in a research report on Monday, August 7th.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in ADDYY. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Adidas AG during the 1st quarter valued at $3,474,000. NorthCoast Asset Management LLC purchased a new position in shares of Adidas AG during the 2nd quarter valued at $2,043,000. Parametric Portfolio Associates LLC grew its position in shares of Adidas AG by 6.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 295,876 shares of the company’s stock valued at $28,395,000 after purchasing an additional 16,723 shares in the last quarter. Smith Asset Management Group LP grew its position in shares of Adidas AG by 131.8% during the 2nd quarter. Smith Asset Management Group LP now owns 6,430 shares of the company’s stock valued at $617,000 after purchasing an additional 3,656 shares in the last quarter. Finally, Pacer Advisors Inc. purchased a new position in shares of Adidas AG during the 2nd quarter valued at $332,000. Hedge funds and other institutional investors own 0.11% of the company’s stock.

Shares of Adidas AG (OTCMKTS ADDYY) opened at 116.80 on Wednesday. Adidas AG has a 1-year low of $70.61 and a 1-year high of $118.98. The firm’s 50-day moving average price is $114.22 and its 200 day moving average price is $101.87. The company has a market capitalization of $47.34 billion, a PE ratio of 40.13 and a beta of 1.09.

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; Runtastic and Other centrally managed business.

Analyst Recommendations for Adidas AG (OTCMKTS:ADDYY)

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