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

Adidas AG (OTCMKTS:ADDYY) has been assigned an average rating of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $146.02.

Several equities analysts have commented on the stock. Royal Bank Of Canada raised shares of Adidas from a “sector perform” rating to an “outperform” rating in a report on Wednesday, June 10th. JPMorgan Chase & Co. started coverage on shares of Adidas in a report on Thursday, July 2nd. They set an “overweight” rating for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Adidas in a research report on Tuesday, June 30th. Finally, Zacks Research raised shares of Adidas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th.

Adidas Price Performance

Adidas stock opened at $102.45 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.35 and a quick ratio of 0.71. Adidas has a one year low of $75.19 and a one year high of $122.29. The firm has a market cap of $36.61 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 1.37 and a beta of 1.24. The stock’s fifty day moving average price is $96.38 and its two-hundred day moving average price is $90.41.

Adidas (OTCMKTS:ADDYY) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. Adidas had a return on equity of 22.97% and a net margin of 5.52%.The business had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.36 billion. As a group, research analysts expect that Adidas will post 5.48 EPS for the current fiscal year.

Institutional Trading of Adidas

An institutional investor recently raised its stake in Adidas stock. GAMMA Investing LLC raised its holdings in Adidas AG (OTCMKTS:ADDYY) by 53.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,101 shares of the company’s stock after acquiring an additional 732 shares during the period. GAMMA Investing LLC’s holdings in Adidas were worth $216,000 at the end of the most recent 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.