Adidas AG (OTCMKTS:ADDYY) had its price target cut by Robert W. Baird from $205.00 to $200.00 in a report issued on Friday. They currently have a neutral rating on the stock.

A number of other equities analysts have also weighed in on ADDYY. Deutsche Bank AG lowered shares of Adidas AG from a buy rating to a hold rating and set a $210.00 target price for the company. in a research note on Monday, August 7th. Zacks Investment Research lowered shares of Adidas AG from a buy rating to a hold rating in a research note on Monday, October 9th. Wedbush initiated coverage on shares of Adidas AG in a research note on Tuesday, October 24th. They issued a neutral rating for the company. Pivotal Research reaffirmed a hold rating on shares of Adidas AG in a research note on Monday, November 6th. Finally, Wells Fargo & Company initiated coverage on shares of Adidas AG in a research note on Tuesday, November 7th. They issued an outperform rating and a $220.00 target price for the company. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Adidas AG has an average rating of Buy and a consensus price target of $189.00.

Adidas AG (OTCMKTS ADDYY) opened at $105.74 on Friday. Adidas AG has a fifty-two week low of $70.61 and a fifty-two week high of $118.98. The stock has a market cap of $42,610.89, a price-to-earnings ratio of 33.57, a PEG ratio of 1.29 and a beta of 1.11. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.33 and a quick ratio of 0.79.

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Several institutional investors have recently bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in shares of Adidas AG by 37.4% in the 3rd quarter. Pacer Advisors Inc. now owns 4,751 shares of the company’s stock valued at $538,000 after purchasing an additional 1,294 shares during the period. Wellington Shields Capital Management LLC bought a new stake in shares of Adidas AG in the 3rd quarter valued at about $226,000. Wellington Shields & Co. LLC bought a new stake in shares of Adidas AG in the 3rd quarter valued at about $232,000. Quadrant Capital Group LLC raised its holdings in shares of Adidas AG by 3.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,771 shares of the company’s stock valued at $144,000 after purchasing an additional 54 shares during the period. Finally, Parametric Portfolio Associates LLC raised its holdings in shares of Adidas AG by 6.0% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 295,876 shares of the company’s stock valued at $28,395,000 after purchasing an additional 16,723 shares during the period. Institutional investors own 0.11% of the company’s stock.

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; TaylorMade-adidas Golf; Runtastic and Other centrally managed business.

Analyst Recommendations for Adidas AG (OTCMKTS:ADDYY)

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