Adidas AG (OTCMKTS:ADDYY) Receives $146.02 Consensus Price Target from Analysts

Adidas AG (OTCMKTS:ADDYY) has received an average recommendation of “Moderate Buy” from the fourteen analysts that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $146.02.

Several brokerages have recently weighed in on ADDYY. Sanford C. Bernstein reiterated an “outperform” rating and issued a $146.02 price target on shares of Adidas in a report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Adidas in a research report on Wednesday, December 10th. Bank of America reissued an “underperform” rating on shares of Adidas in a research note on Tuesday, January 6th. Santander assumed coverage on shares of Adidas in a research note on Thursday, January 15th. They issued an “outperform” rating on the stock. Finally, Zacks Research lowered shares of Adidas from a “hold” rating to a “strong sell” rating in a report on Friday, March 6th.

Adidas Price Performance

OTCMKTS ADDYY opened at $78.18 on Wednesday. The stock has a 50 day moving average price of $85.62 and a 200-day moving average price of $94.37. Adidas has a one year low of $75.19 and a one year high of $126.59. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.71 and a current ratio of 1.31. The company has a market capitalization of $27.94 billion, a P/E ratio of 18.57, a P/E/G ratio of 1.14 and a beta of 1.22.

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

Institutional Trading of Adidas

A hedge fund recently raised its stake in Adidas stock. Madison Asset Management LLC boosted its stake in shares of Adidas AG (OTCMKTS:ADDYY) by 10.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,543 shares of the company’s stock after buying an additional 2,101 shares during the period. Madison Asset Management LLC’s holdings in Adidas were worth $2,228,000 as of its most recent filing with the Securities & Exchange Commission.

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.