Cantor Fitzgerald Initiates Coverage on Adidas (OTCMKTS:ADDYY)

Equities research analysts at Cantor Fitzgerald assumed coverage on shares of Adidas (OTCMKTS:ADDYY) in a research report issued on Monday, Zacks reports. The firm set a “hold” rating on the stock.

Other equities analysts have also issued reports about the stock. Benchmark upgraded shares of Adidas to a “strong-buy” rating in a report on Tuesday, September 22nd. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $146.00 price objective on shares of Adidas in a research report on Friday, October 2nd. Zacks Research downgraded Adidas from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 13th. Telsey Advisory Group reissued an “outperform” rating on shares of Adidas in a report on Friday, July 31st. Finally, UBS Group lowered Adidas from a “neutral” rating to a “sell” rating in a report on Tuesday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $146.00.

Adidas Trading Up 0.0%

Shares of OTCMKTS ADDYY opened at $100.32 on Monday. The firm’s 50 day moving average price is $86.91 and its 200-day moving average price is $89.68. The company has a market cap of $35.85 billion, a PE ratio of 18.65, a P/E/G ratio of 1.17 and a beta of 1.23. Adidas has a 52-week low of $75.19 and a 52-week high of $107.57. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.74 and a current ratio of 1.39.

Institutional Trading of Adidas

A number of institutional investors have recently made changes to their positions in ADDYY. Sterling Capital Management LLC bought a new stake in shares of Adidas in the third quarter worth approximately $336,000. GAMMA Investing LLC raised its holdings in shares of Adidas by 7.0% during the third quarter. GAMMA Investing LLC now owns 2,249 shares of the company’s stock valued at $185,000 after purchasing an additional 148 shares during the last quarter. Finally, Madison Asset Management LLC raised its holdings in shares of Adidas by 7.0% during the first quarter. Madison Asset Management LLC now owns 24,125 shares of the company’s stock valued at $1,935,000 after purchasing an additional 1,582 shares during the last quarter.

Adidas Company Profile

Adidas AG is a German sporting goods company that designs, develops and markets athletic footwear, apparel and accessories. Its products serve both performance-focused athletes and consumers seeking sports-inspired lifestyle products. Founded in 1949 by Adolf Dassler, the company is headquartered in Herzogenaurach, Germany. Adidas sells its products around the world through wholesale partners and its own retail stores and digital channels. The company is led by CEO Bjørn Gulden. Its offerings span categories including running, football, training and other sports, alongside lifestyle footwear and apparel.