adidas AG (OTCMKTS:ADDYY – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the thirteen research firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $147.50.
Several analysts have weighed in on the stock. Bank of America upgraded shares of adidas from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 15th. BNP Paribas upgraded shares of adidas from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 25th. Finally, Societe Generale upgraded shares of adidas from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th.
Institutional Investors Weigh In On adidas
adidas Stock Up 1.4 %
Shares of OTCMKTS:ADDYY opened at $88.76 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 0.64 and a debt-to-equity ratio of 0.57. The company has a fifty day simple moving average of $91.12 and a 200 day simple moving average of $92.11. The firm has a market cap of $34.01 billion, a PE ratio of -239.89 and a beta of 1.09. adidas has a 12-month low of $45.48 and a 12-month high of $102.63.
adidas (OTCMKTS:ADDYY – Get Free Report) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.39. The business had revenue of $5.82 billion during the quarter, compared to analyst estimates of $5.92 billion. adidas had a negative net margin of 0.53% and a negative return on equity of 6.36%. On average, equities research analysts anticipate that adidas will post -0.45 EPS for the current fiscal year.
adidas Company Profile
adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle east, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear; apparel; and accessories and gear, such as bags and balls under the adidas brand.
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