ADIDAS AG/S (OTCMKTS:ADDYY) Now Covered by Analysts at Jefferies Financial Group

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.

ADIDAS AG/S (OTCMKTS:ADDYY) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.77 by $0.04. The firm had revenue of $7.13 billion for the quarter, compared to the consensus estimate of $7.02 billion. ADIDAS AG/S had a net margin of 8.27% and a return on equity of 26.81%. On average, research analysts predict that ADIDAS AG/S will post 5.32 EPS for the current year.

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

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