ValuEngine cut shares of Adidas (OTCMKTS:ADDYY) from a buy rating to a hold rating in a report released on Wednesday, May 2nd.
A number of other research analysts have also recently commented on ADDYY. Zacks Investment Research upgraded Adidas from a hold rating to a buy rating and set a $113.00 price target on the stock in a research note on Wednesday, January 10th. Bank of America upgraded Adidas from a neutral rating to a buy rating in a research note on Thursday, March 8th. DZ Bank restated a buy rating on shares of Adidas in a research note on Wednesday, April 18th. Finally, Citigroup upgraded Adidas from a neutral rating to a buy rating in a research note on Thursday, March 15th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $190.75.
Adidas opened at $114.83 on Wednesday, according to Marketbeat.com. Adidas has a one year low of $93.34 and a one year high of $133.01. The company has a market capitalization of $46.27 billion, a P/E ratio of 29.00, a price-to-earnings-growth ratio of 1.44 and a beta of 1.05. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.37.
Large investors have recently added to or reduced their stakes in the business. NorthCoast Asset Management LLC increased its position in shares of Adidas by 24.1% during the fourth quarter. NorthCoast Asset Management LLC now owns 16,922 shares of the company’s stock worth $1,698,000 after acquiring an additional 3,285 shares during the period. Thornburg Investment Management Inc. increased its position in shares of Adidas by 50.9% during the first quarter. Thornburg Investment Management Inc. now owns 151,352 shares of the company’s stock worth $18,430,000 after acquiring an additional 51,077 shares during the period. Fairfield Bush & CO. purchased a new stake in shares of Adidas during the fourth quarter worth $288,000. Mitchell Capital Management Co. increased its position in shares of Adidas by 67.0% during the first quarter. Mitchell Capital Management Co. now owns 3,473 shares of the company’s stock worth $423,000 after acquiring an additional 1,393 shares during the period. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Adidas during the fourth quarter worth $2,446,000. Institutional investors own 0.16% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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