ADIDAS AG/S (OTCMKTS:ADDYY) Cut to Hold at ValuEngine

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ValuEngine cut shares of ADIDAS AG/S (OTCMKTS:ADDYY) from a buy rating to a hold rating in a research report report published on Monday morning, ValuEngine reports.

Several other analysts also recently commented on the stock. Berenberg Bank upgraded shares of ADIDAS AG/S from a hold rating to a buy rating in a report on Wednesday, June 26th. HSBC downgraded shares of ADIDAS AG/S from a buy rating to a hold rating in a report on Tuesday, July 2nd. Royal Bank of Canada restated an outperform rating on shares of ADIDAS AG/S in a report on Tuesday, July 16th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of ADIDAS AG/S from a buy rating to a hold rating in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $154.00.

Shares of ADDYY stock opened at $151.49 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.86 and a current ratio of 1.32. The company has a market capitalization of $60.34 billion, a P/E ratio of 30.60, a price-to-earnings-growth ratio of 1.89 and a beta of 0.76. The company’s 50 day moving average price is $149.31 and its two-hundred day moving average price is $141.67. ADIDAS AG/S has a 52 week low of $101.48 and a 52 week high of $165.01.

Several hedge funds and other institutional investors have recently bought and sold shares of ADDYY. Todd Asset Management LLC acquired a new stake in shares of ADIDAS AG/S in the first quarter valued at approximately $2,876,000. Parametric Portfolio Associates LLC raised its holdings in shares of ADIDAS AG/S by 3.6% in the first quarter. Parametric Portfolio Associates LLC now owns 382,837 shares of the company’s stock valued at $46,649,000 after purchasing an additional 13,309 shares during the last quarter. MAI Capital Management acquired a new stake in shares of ADIDAS AG/S in the second quarter valued at approximately $648,000. Finally, Equitable Trust Co. raised its holdings in shares of ADIDAS AG/S by 4.2% in the second quarter. Equitable Trust Co. now owns 40,067 shares of the company’s stock valued at $6,194,000 after purchasing an additional 1,633 shares during the last quarter. Institutional investors own 0.14% of the company’s stock.

About ADIDAS AG/S

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. The company operates in 10 segments: Europe, North America Adidas, North America Reebok, Asia-Pacific, Latin America, Emerging Markets, Russia/CIS, Adidas Golf, Runtastic, and Other Centrally Managed Businesses.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for ADIDAS AG/S (OTCMKTS:ADDYY)

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