adidas AG (ADDYY) Receives Consensus Rating of “Hold” from Brokerages
Shares of adidas AG (NASDAQ:ADDYY) have received a consensus rating of “Hold” from the seven ratings firms that are currently covering the firm. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $80.00.
A number of equities analysts have commented on the company. Barclays PLC restated a “hold” rating on shares of adidas AG in a research note on Tuesday, October 4th. Zacks Investment Research raised adidas AG from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a report on Monday, October 3rd. Morgan Stanley reaffirmed an “equal weight” rating on shares of adidas AG in a report on Tuesday, October 18th. Piper Jaffray Cos. began coverage on adidas AG in a report on Thursday, October 13th. They issued an “overweight” rating on the stock. Finally, Robert W. Baird downgraded adidas AG to a “neutral” rating and set a $80.00 target price on the stock. in a report on Friday, September 2nd.
Large investors have recently added to or reduced their stakes in the stock. 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 valued at $1,848,000 after buying an additional 1,988 shares during the period. Mitchell Capital Management Co. purchased a new stake in adidas AG during the third quarter valued at $242,000. Reliance Trust Co. of Delaware purchased a new stake in adidas AG during the second quarter valued at $236,000. Sterling Capital Management LLC purchased a new stake in adidas AG during the second quarter valued at $249,000. Finally, 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 valued at $15,278,000 after buying an additional 7,897 shares during the period.
Shares of adidas AG (NASDAQ:ADDYY) opened at 72.163 on Thursday. The company has a 50-day moving average price of $0.00 and a 200-day moving average price of $0.00. adidas AG has a 12-month low of $45.08 and a 12-month high of $88.85.
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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