adidas AG (NASDAQ:ADDYY) has earned an average broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation.
Brokerages have set a 12 month consensus price target of $83.00 for the company and are expecting that the company will post $1.02 earnings per share for the current quarter, according to Zacks. Zacks has also assigned adidas AG an industry rank of 87 out of 265 based on the ratings given to related companies.
Several research analysts have commented on ADDYY shares. Robert W. Baird downgraded shares of adidas AG to a “neutral” rating and set a $80.00 price target for the company. in a report on Friday, September 2nd. Zacks Investment Research downgraded shares of adidas AG from a “buy” rating to a “hold” rating in a report on Tuesday, September 27th. HSBC downgraded shares of adidas AG from a “buy” rating to a “hold” rating in a report on Friday, September 2nd. Goldman Sachs Group Inc. reissued a “buy” rating on shares of adidas AG in a report on Thursday, July 28th. Finally, Morgan Stanley reissued a “hold” rating on shares of adidas AG in a report on Saturday, June 4th.
Several hedge funds have recently bought and sold shares of ADDYY. World Asset Management Inc increased its stake in adidas AG by 8.3% in the second quarter. World Asset Management Inc now owns 25,896 shares of the company’s stock worth $1,848,000 after buying an additional 1,988 shares in the last quarter. Reliance Trust Co. of Delaware bought a new stake in adidas AG during the second quarter worth about $236,000. Sterling Capital Management LLC bought a new stake in adidas AG during the second quarter worth about $249,000. Parametric Portfolio Associates LLC increased its stake in adidas AG by 3.8% in the second quarter. Parametric Portfolio Associates LLC now owns 213,107 shares of the company’s stock worth $15,278,000 after buying an additional 7,897 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in adidas AG during the second quarter worth about $2,237,000.
Shares of adidas AG (NASDAQ:ADDYY) opened at 86.90 on Tuesday. The company has a market cap of $34.79 billion and a PE ratio of 34.50. adidas AG has a 12 month low of $41.05 and a 12 month high of $88.85. The firm’s 50-day moving average is $85.27 and its 200-day moving average is $71.30.
adidas AG Company Profile
adidas AG and its subsidiaries design, develop, produce and market a range of athletic and sports lifestyle products. The Company’s segments include Western Europe; North America; Greater China; Russia/CIS; Latin America; Japan; Middle East, South Korea, Southeast Asia/Pacific (MEAA); TaylorMade-adidas Golf; Reebok-CCM Hockey; Runtastic, and Other centrally managed business.
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