Adidas AG (OTCMKTS:ADDYY) Given Average Rating of “Moderate Buy” by Analysts

Adidas AG (OTCMKTS:ADDYY) has received a consensus rating of “Moderate Buy” from the nine analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $146.02.

Several analysts have recently weighed in on ADDYY shares. Zacks Research upgraded Adidas from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Royal Bank Of Canada upgraded shares of Adidas from a “sector perform” rating to an “outperform” rating in a research report on Wednesday.

Adidas Price Performance

Shares of OTCMKTS:ADDYY opened at $102.37 on Monday. The stock has a market cap of $36.58 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 1.40 and a beta of 1.26. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.32 and a quick ratio of 0.68. Adidas has a 12 month low of $75.19 and a 12 month high of $125.69. The stock’s 50 day moving average price is $87.30 and its 200 day moving average price is $89.23.

Adidas (OTCMKTS:ADDYY) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. Adidas had a return on equity of 23.53% and a net margin of 5.52%.The firm had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.36 billion. Equities research analysts anticipate that Adidas will post 5.49 earnings per share for the current fiscal year.

Institutional Trading of Adidas

An institutional investor recently raised its position in Adidas stock. Madison Asset Management LLC boosted its holdings in shares of Adidas AG (OTCMKTS:ADDYY) by 7.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,125 shares of the company’s stock after purchasing an additional 1,582 shares during the period. Madison Asset Management LLC’s holdings in Adidas were worth $1,935,000 at the end of the most recent quarter.

About Adidas

Adidas AG is a global designer, manufacturer and marketer of athletic footwear, apparel and accessories, headquartered in Herzogenaurach, Germany. Founded by Adolf “Adi” Dassler in 1949, the company has grown into one of the world’s leading sportswear brands, offering products for running, soccer, basketball and a wide range of other sports as well as lifestyle and fashion markets.

Adidas’s product portfolio includes performance footwear, sports apparel, team uniforms, equipment and accessories sold under the Adidas brand and through various collaborations.