Brokerages Set Adidas AG (OTCMKTS:ADDYY) PT at $146.02

Adidas AG (OTCMKTS:ADDYY) has been assigned a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and three have assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $146.02.

A number of brokerages have issued reports on ADDYY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Adidas in a report on Wednesday, December 10th. Citigroup reaffirmed a “buy” rating on shares of Adidas in a report on Tuesday, February 3rd. Bank of America reiterated an “underperform” rating on shares of Adidas in a research note on Tuesday, January 6th. Santander began coverage on shares of Adidas in a report on Thursday, January 15th. They set an “outperform” rating on the stock. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $146.02 price target on shares of Adidas in a research report on Tuesday, January 6th.

Adidas Stock Performance

OTCMKTS ADDYY opened at $82.55 on Friday. The firm has a market capitalization of $29.48 billion, a P/E ratio of 19.61, a PEG ratio of 1.27 and a beta of 1.15. The stock has a 50-day simple moving average of $91.69 and a two-hundred day simple moving average of $97.28. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.71 and a current ratio of 1.31. Adidas has a fifty-two week low of $78.73 and a fifty-two week high of $126.59.

Adidas (OTCMKTS:ADDYY) last issued its earnings results on Wednesday, March 4th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The company had revenue of $7.03 billion during the quarter, compared to analysts’ expectations of $6.15 billion. Adidas had a return on equity of 22.58% and a net margin of 5.36%. On average, equities analysts forecast that Adidas will post 2.27 earnings per share for the current year.

Hedge Funds Weigh In On Adidas

A hedge fund recently raised its stake in Adidas stock. Mar Vista Investment Partners LLC raised its holdings in Adidas AG (OTCMKTS:ADDYY) by 4.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,337 shares of the company’s stock after purchasing an additional 1,180 shares during the period. Mar Vista Investment Partners LLC’s holdings in Adidas were worth $3,550,000 at the end of the most recent quarter.

Adidas Company Profile

Adidas AG is a global designer, manufacturer and marketer of athletic footwear, apparel and accessories, headquartered in Herzogenaurach, Germany. Founded by Adolf “Adi” Dassler in 1949, the company has grown into one of the world’s leading sportswear brands, offering products for running, soccer, basketball and a wide range of other sports as well as lifestyle and fashion markets.

Adidas’s product portfolio includes performance footwear, sports apparel, team uniforms, equipment and accessories sold under the Adidas brand and through various collaborations.