Wedbush Comments on adidas AG’s FY2018 Earnings (ADDYY)
adidas AG (OTCMKTS:ADDYY) – Equities research analysts at Wedbush lifted their FY2018 earnings per share (EPS) estimates for shares of adidas in a report issued on Tuesday. Wedbush analyst C. Svezia now forecasts that the company will post earnings per share of $4.62 for the year, up from their prior forecast of $4.55. Wedbush currently has a “Neutral” rating on the stock.
A number of other research analysts also recently commented on ADDYY. Zacks Investment Research downgraded shares of adidas from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. Pivotal Research reaffirmed a “hold” rating on shares of adidas in a research report on Monday, November 6th. Wells Fargo & Co started coverage on shares of adidas in a research report on Tuesday, November 7th. They set an “outperform” rating and a $220.00 price objective on the stock. Finally, Robert W. Baird lowered their price objective on shares of adidas from $205.00 to $200.00 and set a “neutral” rating on the stock in a research report on Friday, November 10th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. adidas has a consensus rating of “Buy” and a consensus target price of $185.75.
Several institutional investors have recently modified their holdings of the company. Parametric Portfolio Associates LLC lifted its stake in shares of adidas by 6.0% in the third quarter. Parametric Portfolio Associates LLC now owns 310,794 shares of the company’s stock worth $35,182,000 after buying an additional 17,631 shares during the last quarter. Bahl & Gaynor Inc. lifted 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 worth $866,000 after buying an additional 2,920 shares during the last quarter. Pacer Advisors Inc. lifted 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 worth $538,000 after buying an additional 1,294 shares during the last quarter. Wellington Shields & Co. LLC acquired a new stake in shares of adidas in the third quarter worth $232,000. Finally, Wellington Shields Capital Management LLC acquired a new stake in shares of adidas in the third quarter worth $226,000. Institutional investors and hedge funds own 0.09% of the company’s stock.
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adidas Company Profile
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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