ADIDAS AG/S (OTCMKTS:ADDYY) Receives Average Recommendation of “Hold” from Brokerages

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ADIDAS AG/S (OTCMKTS:ADDYY) has been given a consensus recommendation of “Hold” by the sixteen research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company.

Several equities analysts have recently commented on ADDYY shares. Societe Generale raised shares of ADIDAS AG/S from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Piper Jaffray Companies downgraded shares of ADIDAS AG/S from an “overweight” rating to a “neutral” rating in a report on Monday, October 21st. Sanford C. Bernstein assumed coverage on shares of ADIDAS AG/S in a report on Friday, September 20th. They set a “market perform” rating for the company. Jefferies Financial Group began coverage on ADIDAS AG/S in a research report on Monday. They set a “hold” rating for the company. Finally, Zacks Investment Research cut ADIDAS AG/S from a “hold” rating to a “sell” rating in a report on Monday, October 21st.

OTCMKTS:ADDYY traded up $2.64 during trading hours on Friday, hitting $155.04. 25,878 shares of the stock traded hands, compared to its average volume of 77,559. The company has a market cap of $61.76 billion, a price-to-earnings ratio of 31.32, a price-to-earnings-growth ratio of 1.96 and a beta of 0.74. ADIDAS AG/S has a 1 year low of $101.48 and a 1 year high of $165.01. The stock has a 50 day moving average price of $153.18 and a 200 day moving average price of $151.36. The company has a quick ratio of 0.91, a current ratio of 1.37 and a debt-to-equity ratio of 0.23.

ADIDAS AG/S (OTCMKTS:ADDYY) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.04. ADIDAS AG/S had a net margin of 8.27% and a return on equity of 26.81%. The firm had revenue of $7.13 billion for the quarter, compared to the consensus estimate of $7.02 billion. Equities analysts forecast that ADIDAS AG/S will post 5.32 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ADDYY. Parametric Portfolio Associates LLC increased its position in ADIDAS AG/S by 3.9% during the third quarter. Parametric Portfolio Associates LLC now owns 408,101 shares of the company’s stock valued at $63,541,000 after acquiring an additional 15,138 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in ADIDAS AG/S during the 3rd quarter valued at about $2,085,000. First Mercantile Trust Co. bought a new position in ADIDAS AG/S during the 3rd quarter valued at about $912,000. MAI Capital Management purchased a new stake in ADIDAS AG/S in the 2nd quarter worth about $648,000. Finally, OLD National Bancorp IN purchased a new stake in ADIDAS AG/S in the 3rd quarter worth about $356,000. Institutional investors own 0.14% of the company’s stock.

ADIDAS AG/S Company Profile

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

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