Brokerages Set adidas AG (ADDYY) PT at $210.00

Shares of adidas AG (OTCMKTS:ADDYY) have received an average rating of “Buy” from the twelve ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $210.00.

Several equities analysts have recently issued reports on ADDYY shares. Zacks Investment Research lowered shares of adidas from a “buy” rating to a “hold” rating in a report on Thursday. Citigroup raised shares of adidas from a “neutral” rating to a “buy” rating in a report on Thursday. Finally, Bank of America raised shares of adidas from a “neutral” rating to a “buy” rating in a report on Thursday, March 8th.

How to Become a New Pot Stock Millionaire

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Shields Capital Management LLC bought a new stake in adidas during the 3rd quarter worth about $226,000. Wellington Shields & Co. LLC bought a new stake in adidas during the 3rd quarter worth about $232,000. Fairfield Bush & CO. bought a new stake in adidas during the 4th quarter worth about $288,000. Pacer Advisors Inc. lifted its position in adidas by 37.4% during the 3rd quarter. Pacer Advisors Inc. now owns 4,751 shares of the company’s stock worth $538,000 after buying an additional 1,294 shares in the last quarter. Finally, NorthCoast Asset Management LLC lifted its position in adidas by 24.1% during the 4th quarter. NorthCoast Asset Management LLC now owns 16,922 shares of the company’s stock worth $1,698,000 after buying an additional 3,285 shares in the last quarter. 0.13% of the stock is currently owned by institutional investors and hedge funds.

adidas (ADDYY) traded up $0.84 on Wednesday, reaching $119.65. 118,025 shares of the company’s stock were exchanged, compared to its average volume of 82,838. The company has a quick ratio of 0.86, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. adidas has a 12-month low of $92.97 and a 12-month high of $120.70. The firm has a market cap of $47,877.82, a price-to-earnings ratio of 39.75, a PEG ratio of 1.26 and a beta of 1.19.

adidas (OTCMKTS:ADDYY) last released its earnings results on Wednesday, March 14th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.14. adidas had a net margin of 5.07% and a return on equity of 22.29%. The firm had revenue of $5.95 billion during the quarter, compared to analyst estimates of $6.08 billion. equities analysts forecast that adidas will post 4.78 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Brokerages Set adidas AG (ADDYY) PT at $210.00” was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another publication, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2018/04/09/brokerages-set-adidas-ag-addyy-pt-at-210-00.html.

adidas 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.

Analyst Recommendations for adidas (OTCMKTS:ADDYY)

Receive News & Ratings for adidas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for adidas and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply