Adidas AG (ADDYY) Given Average Recommendation of “Buy” by Brokerages
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.
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.
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