adidas AG (OTCMKTS:ADDYY) has received an average recommendation of “Buy” from the twelve analysts that are currently covering the firm, Marketbeat.com reports. Six research 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 brokers that have issued ratings on the stock in the last year is $210.00.

A number of research analysts have commented on ADDYY shares. Zacks Investment Research cut shares of adidas from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Deutsche Bank cut shares of adidas from a “buy” rating to a “hold” rating and set a $210.00 price target for the company. in a research note on Monday, August 7th. Pivotal Research restated a “hold” rating on shares of adidas in a research note on Monday, November 6th. Wedbush restated a “neutral” rating on shares of adidas in a research note on Monday, October 23rd. Finally, Robert W. Baird cut their price target on shares of adidas from $205.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday, November 10th.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Parametric Portfolio Associates LLC raised its stake in shares of adidas by 6.0% in the second quarter. Parametric Portfolio Associates LLC now owns 295,876 shares of the company’s stock valued at $28,395,000 after acquiring an additional 16,723 shares during the last quarter. NorthCoast Asset Management LLC bought a new position in shares of adidas in the second quarter valued at approximately $2,043,000. Bahl & Gaynor Inc. raised its stake in shares of adidas by 36.0% in the second quarter. Bahl & Gaynor Inc. now owns 11,025 shares of the company’s stock valued at $866,000 after acquiring an additional 2,920 shares during the last quarter. Smith Asset Management Group LP raised its stake in shares of adidas by 131.8% in the second quarter. Smith Asset Management Group LP now owns 6,430 shares of the company’s stock valued at $617,000 after acquiring an additional 3,656 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of adidas by 37.4% in the third quarter. Pacer Advisors Inc. now owns 4,751 shares of the company’s stock valued at $538,000 after acquiring an additional 1,294 shares during the last quarter. Hedge funds and other institutional investors own 0.09% of the company’s stock.

Shares of adidas (OTCMKTS ADDYY) opened at $104.60 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.33 and a quick ratio of 0.79. adidas has a one year low of $72.75 and a one year high of $118.98. The firm has a market cap of $42,149.48, a PE ratio of 28.50, a P/E/G ratio of 1.44 and a beta of 1.07.

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About adidas

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 (OTCMKTS:ADDYY)

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