Adidas AG (OTCMKTS:ADDYY) Receives Consensus Rating of “Moderate Buy” from Analysts

Adidas AG (OTCMKTS:ADDYY) has received a consensus recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and three have issued a strong buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $146.02.

ADDYY has been the topic of a number of recent research reports. Royal Bank Of Canada cut Adidas from an “outperform” rating to a “sector perform” rating in a report on Friday, January 23rd. Santander assumed coverage on Adidas in a research report on Thursday, January 15th. They set an “outperform” rating on the stock. Bank of America reissued an “underperform” rating on shares of Adidas in a report on Tuesday, January 6th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $146.02 price objective on shares of Adidas in a research note on Tuesday, January 6th. Finally, BTIG Research initiated coverage on shares of Adidas in a report on Tuesday, October 14th. They set a “neutral” rating on the stock.

Adidas Stock Up 1.2%

Adidas stock opened at $91.71 on Tuesday. The firm has a 50 day simple moving average of $93.97 and a 200 day simple moving average of $98.62. The company has a current ratio of 1.31, a quick ratio of 0.71 and a debt-to-equity ratio of 0.31. Adidas has a 1-year low of $84.03 and a 1-year high of $137.73. The firm has a market capitalization of $32.75 billion, a price-to-earnings ratio of 24.01, a P/E/G ratio of 0.40 and a beta of 1.18.

Institutional Investors Weigh In On Adidas

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Yousif Capital Management LLC boosted its stake in Adidas by 9.4% during the second quarter. Yousif Capital Management LLC now owns 5,221 shares of the company’s stock valued at $607,000 after buying an additional 450 shares during the period. Mar Vista Investment Partners LLC raised its holdings in shares of Adidas by 4.0% in the 2nd quarter. Mar Vista Investment Partners LLC now owns 30,337 shares of the company’s stock valued at $3,550,000 after acquiring an additional 1,180 shares in the last quarter. Finally, Madison Asset Management LLC boosted its position in shares of Adidas by 11.5% during the 3rd quarter. Madison Asset Management LLC now owns 20,442 shares of the company’s stock valued at $2,166,000 after acquiring an additional 2,110 shares during the last quarter.

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.