adidas AG (OTCMKTS:ADDYY) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of adidas AG (OTCMKTS:ADDYYGet Rating) have earned a consensus recommendation of “Hold” from the twenty-one analysts that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $197.50.

A number of equities analysts have issued reports on ADDYY shares. Royal Bank of Canada cut their price objective on shares of adidas from €205.00 ($209.18) to €190.00 ($193.88) and set an “outperform” rating on the stock in a report on Wednesday, July 27th. UBS Group downgraded shares of adidas from a “buy” rating to a “neutral” rating in a report on Friday, July 29th. HSBC downgraded shares of adidas from a “buy” rating to a “hold” rating in a report on Tuesday, June 14th. JPMorgan Chase & Co. cut their price objective on shares of adidas from €260.00 ($265.31) to €215.00 ($219.39) and set a “neutral” rating on the stock in a report on Thursday, July 7th. Finally, DZ Bank downgraded shares of adidas from a “buy” rating to a “hold” rating in a report on Wednesday, July 20th.

Institutional Investors Weigh In On adidas

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ADDYY. Castleview Partners LLC raised its stake in adidas by 9,350.0% in the 2nd quarter. Castleview Partners LLC now owns 2,835 shares of the company’s stock valued at $32,000 after acquiring an additional 2,805 shares during the period. Private Capital Group LLC raised its stake in adidas by 14.6% in the 1st quarter. Private Capital Group LLC now owns 713 shares of the company’s stock valued at $84,000 after acquiring an additional 91 shares during the period. PNC Financial Services Group Inc. raised its stake in adidas by 111.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,283 shares of the company’s stock valued at $151,000 after acquiring an additional 675 shares during the period. Equitable Trust Co. increased its position in shares of adidas by 6.1% during the second quarter. Equitable Trust Co. now owns 2,428 shares of the company’s stock valued at $214,000 after buying an additional 140 shares during the period. Finally, OLD National Bancorp IN bought a new stake in shares of adidas during the second quarter valued at about $224,000. 0.05% of the stock is currently owned by institutional investors.

adidas Stock Performance

OTCMKTS:ADDYY opened at $67.65 on Monday. The company has a fifty day moving average of $81.09 and a 200-day moving average of $94.21. The firm has a market capitalization of $26.39 billion, a P/E ratio of 11.68, a P/E/G ratio of 1.18 and a beta of 0.93. The company has a quick ratio of 0.76, a current ratio of 1.34 and a debt-to-equity ratio of 0.38. adidas has a twelve month low of $66.56 and a twelve month high of $173.02.

adidas (OTCMKTS:ADDYYGet Rating) last posted its quarterly earnings results on Thursday, August 4th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.10. adidas had a net margin of 9.02% and a return on equity of 16.49%. The business had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $5.67 billion. As a group, sell-side analysts anticipate that adidas will post 3.41 EPS for the current year.

About adidas

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adidas AG, together with its subsidiaries, designs, develops, distributes, and markets athletic and sports lifestyle products worldwide. It offers footwear; apparel; and accessories and gear, such as bags and balls under the adidas brand. It sells its products through approximately 2,200 own-retail stores; mono-branded franchise stores and shop-in-shops; and wholesale and its e-commerce channels.

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Analyst Recommendations for adidas (OTCMKTS:ADDYY)

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