Sanford C. Bernstein Begins Coverage on ADIDAS AG/S (OTCMKTS:ADDYY)

Sanford C. Bernstein assumed coverage on shares of ADIDAS AG/S (OTCMKTS:ADDYY) in a report issued on Friday morning, The Fly reports. The firm issued a market perform rating on the stock.

A number of other research analysts have also commented on the company. ValuEngine lowered ADIDAS AG/S from a buy rating to a hold rating in a report on Monday, September 16th. Royal Bank of Canada reiterated an outperform rating on shares of ADIDAS AG/S in a report on Tuesday, July 16th. They noted that the move was a valuation call. HSBC lowered ADIDAS AG/S from a buy rating to a hold rating in a report on Tuesday, July 2nd. Zacks Investment Research lowered ADIDAS AG/S from a buy rating to a hold rating in a report on Wednesday, August 14th. Finally, Berenberg Bank upgraded ADIDAS AG/S from a hold rating to a buy rating in a report on Wednesday, June 26th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $154.00.

Shares of ADDYY stock opened at $150.91 on Friday. ADIDAS AG/S has a 12 month low of $101.48 and a 12 month high of $165.01. The firm has a market cap of $60.35 billion, a PE ratio of 30.49, a price-to-earnings-growth ratio of 1.89 and a beta of 0.76. The stock has a 50 day moving average of $149.03 and a 200-day moving average of $141.96. The company has a quick ratio of 0.86, a current ratio of 1.32 and a debt-to-equity ratio of 0.24.

Several hedge funds have recently modified their holdings of ADDYY. MAI Capital Management acquired a new position in shares of ADIDAS AG/S in the second quarter valued at $648,000. Equitable Trust Co. raised its stake in shares of ADIDAS AG/S by 4.2% in the second quarter. Equitable Trust Co. now owns 40,067 shares of the company’s stock valued at $6,194,000 after purchasing an additional 1,633 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in shares of ADIDAS AG/S by 3.6% in the first quarter. Parametric Portfolio Associates LLC now owns 382,837 shares of the company’s stock valued at $46,649,000 after purchasing an additional 13,309 shares in the last quarter. Institutional investors own 0.14% of the company’s stock.

ADIDAS AG/S Company Profile

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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Analyst Recommendations for ADIDAS AG/S (OTCMKTS:ADDYY)

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