ADIDAS AG/S (OTCMKTS:ADDYY) Raised to “Buy” at Societe Generale
Societe Generale upgraded shares of ADIDAS AG/S (OTCMKTS:ADDYY) from a hold rating to a buy rating in a research report released on Monday morning, The Fly reports.
A number of other equities research analysts also recently issued reports on ADDYY. BNP Paribas began coverage on shares of ADIDAS AG/S in a research report on Friday, October 4th. They set a neutral rating for the company. Sanford C. Bernstein began coverage on shares of ADIDAS AG/S in a research report on Friday, September 20th. They set a market perform rating for the company. Piper Jaffray Companies downgraded shares of ADIDAS AG/S from an overweight rating to a neutral rating in a research report on Monday, October 21st. Zacks Investment Research downgraded shares of ADIDAS AG/S from a hold rating to a sell rating in a report on Monday, October 21st. Finally, ValuEngine upgraded shares of ADIDAS AG/S from a sell rating to a hold rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. ADIDAS AG/S currently has an average rating of Hold and an average price target of $154.00.
Shares of ADDYY stock traded up $2.24 during trading hours on Monday, hitting $150.20. 35,679 shares of the company’s stock traded hands, compared to its average volume of 78,790. ADIDAS AG/S has a 12-month low of $101.48 and a 12-month high of $165.01. The stock’s fifty day simple moving average is $152.93 and its two-hundred day simple moving average is $150.29. The company has a quick ratio of 0.86, a current ratio of 1.32 and a debt-to-equity ratio of 0.24. The stock has a market cap of $58.94 billion, a price-to-earnings ratio of 30.34, a PEG ratio of 1.86 and a beta of 0.76.
A number of hedge funds have recently made changes to their positions in the business. First Mercantile Trust Co. purchased a new stake in ADIDAS AG/S in the 3rd quarter worth $912,000. MAI Capital Management lifted its stake in ADIDAS AG/S by 8.0% in the 3rd quarter. MAI Capital Management now owns 4,542 shares of the company’s stock worth $707,000 after purchasing an additional 338 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in ADIDAS AG/S by 4.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 5,671 shares of the company’s stock worth $863,000 after purchasing an additional 253 shares in the last quarter. OLD National Bancorp IN purchased a new stake in shares of ADIDAS AG/S during the 3rd quarter valued at about $356,000. Finally, Hartwell J M Limited Partnership raised its position in shares of ADIDAS AG/S by 11.4% during the 3rd quarter. Hartwell J M Limited Partnership now owns 3,900 shares of the company’s stock valued at $607,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds 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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