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

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

A number of analysts have recently weighed in on ADDYY shares. Citigroup reiterated a “buy” rating on shares of Adidas in a report on Tuesday, February 3rd. Royal Bank Of Canada downgraded Adidas from an “outperform” rating to a “sector perform” rating in a report on Friday, January 23rd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $146.02 price objective on shares of Adidas in a report on Tuesday, January 6th. Bank of America reiterated an “underperform” rating on shares of Adidas in a research report on Tuesday, January 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Adidas in a research note on Wednesday, December 10th.

Adidas Trading Down 1.6%

Shares of ADDYY opened at $82.91 on Friday. The stock has a market capitalization of $29.61 billion, a P/E ratio of 19.69, a PEG ratio of 0.38 and a beta of 1.15. Adidas has a twelve month low of $81.00 and a twelve month high of $129.96. The company has a quick ratio of 0.71, a current ratio of 1.31 and a debt-to-equity ratio of 0.31. The firm has a fifty day simple moving average of $92.02 and a two-hundred day simple moving average of $97.41.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Adidas stock. Madison Asset Management LLC lifted its holdings in Adidas AG (OTCMKTS:ADDYY) by 11.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,442 shares of the company’s stock after buying an additional 2,110 shares during the quarter. Madison Asset Management LLC’s holdings in Adidas were worth $2,166,000 as of its most recent SEC filing.

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.