Adidas AG (ADDYY) Receives $210.00 Average Price Target from Analysts
Adidas AG (OTCMKTS:ADDYY) has been given an average recommendation of “Buy” by the nine analysts that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $168.00.
Several research analysts have recently commented on ADDYY shares. HSBC Holdings plc raised Adidas AG from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Raymond James Financial, Inc. upgraded Adidas AG from an “underperform” rating to a “market perform” rating in a research report on Thursday, July 6th. Deutsche Bank AG cut Adidas AG from a “buy” rating to a “hold” rating and set a $210.00 target price for the company. in a research report on Monday, August 7th. Finally, Zacks Investment Research cut Adidas AG from a “buy” rating to a “hold” rating in a research report on Monday, October 9th.
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Adidas AG (OTCMKTS:ADDYY) traded down 0.07% during midday trading on Friday, hitting $112.54. The stock had a trading volume of 49,419 shares. The company has a market capitalization of $45.61 billion, a PE ratio of 38.49 and a beta of 1.08. Adidas AG has a 52 week low of $70.61 and a 52 week high of $118.98.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ADDYY. Quadrant Capital Group LLC lifted its stake in shares of Adidas AG by 3.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,771 shares of the company’s stock valued at $144,000 after purchasing an additional 54 shares during the last quarter. Pacer Advisors Inc. bought a new stake in shares of Adidas AG in the 2nd quarter valued at approximately $332,000. Smith Asset Management Group LP lifted its stake in shares of Adidas AG by 131.8% in the 2nd quarter. Smith Asset Management Group LP now owns 6,430 shares of the company’s stock valued at $617,000 after purchasing an additional 3,656 shares during the last quarter. Bahl & Gaynor Inc. lifted its stake in shares of Adidas AG by 36.0% in the 2nd quarter. Bahl & Gaynor Inc. now owns 11,025 shares of the company’s stock valued at $866,000 after purchasing an additional 2,920 shares during the last quarter. Finally, NorthCoast Asset Management LLC bought a new stake in shares of Adidas AG in the 2nd quarter valued at approximately $2,043,000. Institutional investors and hedge funds own 0.11% of the company’s stock.
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; TaylorMade-adidas Golf; Runtastic and Other centrally managed business.
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