adidas AG (ADDYY) Given Hold Rating at Barclays PLC
Other equities research analysts also recently issued reports about the company. Zacks Investment Research raised adidas AG from a hold rating to a buy rating and set a $97.00 price objective for the company in a report on Monday, October 3rd. Goldman Sachs Group Inc. reissued a buy rating on shares of adidas AG in a report on Thursday, July 28th. HSBC downgraded adidas AG from a buy rating to a hold rating in a report on Friday, September 2nd. Finally, Robert W. Baird downgraded adidas AG to a neutral rating and set a $80.00 price objective for the company. in a report on Friday, September 2nd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. adidas AG has an average rating of Hold and a consensus price target of $88.50.
Shares of adidas AG (NASDAQ:ADDYY) opened at 86.88 on Tuesday. The stock has a market cap of $34.79 billion and a price-to-earnings ratio of 34.48. adidas AG has a 12-month low of $42.66 and a 12-month high of $88.85. The stock’s 50 day moving average is $85.15 and its 200-day moving average is $72.38.
Several large investors have recently modified their holdings of ADDYY. Todd Asset Management LLC bought a new stake in shares of adidas AG during the second quarter valued at $2,237,000. World Asset Management Inc increased its stake in shares of adidas AG by 8.3% in the second quarter. World Asset Management Inc now owns 25,896 shares of the company’s stock valued at $1,848,000 after buying an additional 1,988 shares in the last quarter. Reliance Trust Co. of Delaware bought a new stake in shares of adidas AG during the second quarter valued at $236,000. Parametric Portfolio Associates LLC increased its stake in shares of adidas AG by 3.8% in the second quarter. Parametric Portfolio Associates LLC now owns 213,107 shares of the company’s stock valued at $15,278,000 after buying an additional 7,897 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in shares of adidas AG during the second quarter valued at $2,237,000.
About adidas AG
adidas AG and its subsidiaries design, develop, produce and market a range of athletic and sports lifestyle products. The Company’s segments include Western Europe; North America; Greater China; Russia/CIS; Latin America; Japan; Middle East, South Korea, Southeast Asia/Pacific (MEAA); TaylorMade-adidas Golf; Reebok-CCM Hockey; Runtastic, and Other centrally managed business.
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