Jefferies Financial Group started coverage on shares of ADIDAS AG/S (OTCMKTS:ADDYY) in a report issued on Monday morning, The Fly reports. The brokerage issued a hold rating on the stock.
Several other research analysts also recently commented on the stock. ValuEngine raised shares of ADIDAS AG/S from a sell rating to a hold rating in a research note on Friday, November 8th. BNP Paribas initiated coverage on shares of ADIDAS AG/S in a research note on Friday, October 4th. They set a neutral rating on the stock. Sanford C. Bernstein initiated coverage on shares of ADIDAS AG/S in a research note on Friday, September 20th. They set a market perform rating on the stock. Piper Jaffray Companies downgraded shares of ADIDAS AG/S from an overweight rating to a neutral rating in a research note on Monday, October 21st. Finally, Societe Generale raised shares of ADIDAS AG/S from a hold rating to a buy rating in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. ADIDAS AG/S has a consensus rating of Hold and a consensus price target of $154.00.
ADDYY stock opened at $156.05 on Monday. The company has a market capitalization of $62.16 billion, a PE ratio of 30.07, a price-to-earnings-growth ratio of 1.96 and a beta of 0.74. ADIDAS AG/S has a one year low of $101.48 and a one year high of $165.01. The company’s 50 day moving average price is $153.22 and its two-hundred day moving average price is $151.31. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 1.37.
Several hedge funds and other institutional investors have recently modified their holdings of ADDYY. Parametric Portfolio Associates LLC increased its stake in shares of ADIDAS AG/S by 3.9% in the third quarter. Parametric Portfolio Associates LLC now owns 408,101 shares of the company’s stock worth $63,541,000 after buying an additional 15,138 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of ADIDAS AG/S in the third quarter worth $2,085,000. First Mercantile Trust Co. purchased a new position in shares of ADIDAS AG/S in the third quarter worth $912,000. MAI Capital Management purchased a new position in shares of ADIDAS AG/S in the second quarter worth $648,000. Finally, OLD National Bancorp IN purchased a new position in shares of ADIDAS AG/S in the third quarter worth $356,000. 0.14% of the stock is currently owned by institutional investors.
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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