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

Adidas AG (OTCMKTS:ADDYY) has received an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $146.02.

ADDYY has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of Adidas from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Royal Bank Of Canada raised shares of Adidas from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Adidas in a research note on Tuesday, June 30th. Finally, JPMorgan Chase & Co. began coverage on shares of Adidas in a report on Thursday, July 2nd. They issued an “overweight” rating on the stock.

Adidas Price Performance

Shares of ADDYY stock opened at $103.80 on Friday. The stock’s 50-day moving average is $95.32 and its 200 day moving average is $90.27. Adidas has a 1-year low of $75.19 and a 1-year high of $125.69. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.32 and a quick ratio of 0.68. The company has a market cap of $37.09 billion, a P/E ratio of 22.86, a PEG ratio of 1.36 and a beta of 1.24.

Adidas (OTCMKTS:ADDYY) last announced its earnings results on Wednesday, April 29th. The company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.05. The business had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.36 billion. Adidas had a net margin of 5.52% and a return on equity of 23.53%. Research analysts predict that Adidas will post 5.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Adidas stock. GAMMA Investing LLC boosted its holdings in shares of Adidas AG (OTCMKTS:ADDYY) by 53.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,101 shares of the company’s stock after buying an additional 732 shares during the period. GAMMA Investing LLC’s holdings in Adidas were worth $216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Adidas Company Profile

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.