Adidas AG (OTCMKTS:ADDYY) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Adidas AG (OTCMKTS:ADDYY) have been given a consensus recommendation of “Buy” by the eleven analysts that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $87.50.
A number of equities analysts have weighed in on ADDYY shares. Raymond James Financial, Inc. upgraded shares of Adidas AG from an “underperform” rating to a “market perform” rating in a report on Thursday, July 6th. HSBC Holdings plc upgraded shares of Adidas AG from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th.
Adidas AG (OTCMKTS ADDYY) opened at 117.66 on Friday. The firm has a market capitalization of $47.43 billion, a price-to-earnings ratio of 36.76 and a beta of 1.08. Adidas AG has a 1-year low of $70.61 and a 1-year high of $114.53.
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Several institutional investors have recently bought and sold shares of the stock. Mitchell Capital Management Co. raised its position in Adidas AG by 1.4% in the first quarter. Mitchell Capital Management Co. now owns 2,828 shares of the company’s stock valued at $269,000 after buying an additional 40 shares during the last quarter. World Asset Management Inc increased its stake in Adidas AG by 1.3% in the first quarter. World Asset Management Inc now owns 26,074 shares of the company’s stock valued at $2,486,000 after buying an additional 343 shares during the period. Quadrant Capital Group LLC increased its stake in Adidas AG by 146.3% in the first quarter. Quadrant Capital Group LLC now owns 1,717 shares of the company’s stock valued at $156,000 after buying an additional 1,020 shares during the period. Cim Investment Mangement Inc. purchased a new stake in Adidas AG during the first quarter valued at about $215,000. Finally, Smith Asset Management Group LP increased its stake in Adidas AG by 131.8% in the second quarter. Smith Asset Management Group LP now owns 6,430 shares of the company’s stock valued at $617,000 after buying an additional 3,656 shares during the period. Institutional investors and hedge funds own 0.34% of the company’s stock.
About Adidas AG
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; TaylorMade-adidas Golf; CCM Hockey; Runtastic and Other centrally managed business.
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