Adidas (OTCMKTS:ADDYY)‘s stock had its “buy” rating reissued by stock analysts at DZ Bank in a research report issued on Wednesday.
A number of other research firms have also recently commented on ADDYY. Zacks Investment Research cut shares of Adidas from a “buy” rating to a “hold” rating in a research report on Thursday, March 22nd. ValuEngine raised shares of Adidas from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Citigroup upgraded shares of Adidas from a “neutral” rating to a “buy” rating in a research note on Thursday, March 15th. Finally, Bank of America upgraded shares of Adidas from a “neutral” rating to a “buy” rating in a research note on Thursday, March 8th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $190.75.
Shares of ADDYY traded up $0.61 during mid-day trading on Wednesday, hitting $132.56. The company had a trading volume of 34,007 shares, compared to its average volume of 72,496. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.37. Adidas has a 1-year low of $93.34 and a 1-year high of $133.01. The stock has a market capitalization of $52,645.05, a PE ratio of 33.49, a P/E/G ratio of 1.64 and a beta of 1.05.
Adidas (OTCMKTS:ADDYY) last released its earnings results on Wednesday, March 14th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.14. Adidas had a net margin of 5.07% and a return on equity of 22.20%. The business had revenue of $5.95 billion for the quarter, compared to analysts’ expectations of $6.08 billion. sell-side analysts expect that Adidas will post 4.83 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of the stock. Fairfield Bush & CO. bought a new stake in shares of Adidas in the fourth quarter worth $288,000. NorthCoast Asset Management LLC increased its stake in Adidas by 24.1% during the fourth quarter. NorthCoast Asset Management LLC now owns 16,922 shares of the company’s stock valued at $1,698,000 after purchasing an additional 3,285 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in Adidas by 6.0% during the third quarter. Parametric Portfolio Associates LLC now owns 310,794 shares of the company’s stock valued at $35,182,000 after purchasing an additional 17,631 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in Adidas during the fourth quarter valued at $2,446,000. Institutional investors and hedge funds own 0.14% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Adidas’ (ADDYY) Buy Rating Reaffirmed at DZ Bank” was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another website, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this story can be viewed at https://www.dispatchtribunal.com/2018/04/18/adidas-addyy-buy-rating-reaffirmed-at-dz-bank.html.
Adidas Company Profile
adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. It offers footwear; apparel; and hardware, such as bags and balls under the adidas, Reebok, and adidas Golf brands. The company is also involved in Y-3 label business activities; and the operation of Runtastic, a digital health and fitness space.
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.