Cantor Fitzgerald Initiates Coverage on Adidas (OTCMKTS:ADDYY)

Investment analysts at Cantor Fitzgerald began coverage on shares of Adidas (OTCMKTS:ADDYY) in a report released on Monday, Zacks reports. The firm set a “hold” rating on the stock.

Several other brokerages have also commented on ADDYY. Citigroup reiterated a “buy” rating on shares of Adidas in a report on Wednesday, October 21st. Zacks Research lowered Adidas from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 13th. Morgan Stanley reaffirmed an “overweight” rating on shares of Adidas in a research report on Thursday, September 10th. Robert W. Baird cut Adidas from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Finally, Telsey Advisory Group reissued an “outperform” rating on shares of Adidas in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Adidas presently has an average rating of “Moderate Buy” and a consensus price target of $146.00.

Adidas Trading Up 0.0%

OTCMKTS:ADDYY opened at $100.32 on Monday. The stock has a market capitalization of $35.85 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 1.17 and a beta of 1.23. Adidas has a 52 week low of $75.19 and a 52 week high of $107.57. The company has a quick ratio of 0.74, a current ratio of 1.39 and a debt-to-equity ratio of 0.39. The firm has a 50 day moving average of $86.91 and a 200 day moving average of $89.68.

Institutional Trading of Adidas

Several large investors have recently bought and sold shares of ADDYY. Sterling Capital Management LLC acquired a new stake in Adidas during the third quarter worth $336,000. GAMMA Investing LLC boosted its stake in shares of Adidas by 7.0% in the third quarter. GAMMA Investing LLC now owns 2,249 shares of the company’s stock valued at $185,000 after purchasing an additional 148 shares during the period. Finally, Madison Asset Management LLC grew its stake in shares of Adidas by 7.0% in the first quarter. Madison Asset Management LLC now owns 24,125 shares of the company’s stock worth $1,935,000 after acquiring an additional 1,582 shares in the last quarter.

Adidas Company Profile

Adidas AG is a German sporting goods company that designs, develops and markets athletic footwear, apparel and accessories. Its products serve both performance-focused athletes and consumers seeking sports-inspired lifestyle products. Founded in 1949 by Adolf Dassler, the company is headquartered in Herzogenaurach, Germany. Adidas sells its products around the world through wholesale partners and its own retail stores and digital channels. The company is led by CEO Bjørn Gulden. Its offerings span categories including running, football, training and other sports, alongside lifestyle footwear and apparel.