adidas AG (ADDYY) Given Consensus Recommendation of “Buy” by Brokerages
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.
ILLEGAL ACTIVITY WARNING: “adidas AG (ADDYY) Given Consensus Recommendation of “Buy” by Brokerages” was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/12/04/adidas-ag-addyy-given-consensus-recommendation-of-buy-by-brokerages.html.
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.
Receive News & Ratings for adidas AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for adidas AG and related companies with MarketBeat.com's FREE daily email newsletter.