Adidas AG (OTCMKTS:ADDYY) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts give Adidas an average recommendation of Moderate Buy across 11 brokers (2 sell, 2 hold, 6 buy, 1 strong buy), with an average 1‑year target price of $146.02.
• ADDYY traded at $80.51 with a market cap of $28.77B; it reported quarterly EPS of $0.25 (missed estimates by $0.01) but beat revenue expectations at $7.03B vs $6.15B, and sits near its 52‑week low of $75.19 (52‑week high $126.59) with 50‑day/200‑day SMAs of $83.26/$91.59.

Shares of Adidas AG (OTCMKTS:ADDYY - Get Free Report) have earned an average recommendation of "Moderate Buy" from the eleven brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $146.02.

A number of equities research analysts have recently weighed in on the stock. Santander assumed coverage on shares of Adidas in a report on Thursday, January 15th. They set an "outperform" rating on the stock. Citigroup reissued a "buy" rating on shares of Adidas in a report on Tuesday, February 3rd. Zacks Research lowered shares of Adidas from a "hold" rating to a "strong sell" rating in a report on Friday, March 6th. Bank of America reissued an "underperform" rating on shares of Adidas in a report on Tuesday, January 6th. Finally, Sanford C. Bernstein reissued an "outperform" rating and set a $146.02 price objective on shares of Adidas in a report on Tuesday, January 6th.

Adidas Price Performance

OTCMKTS ADDYY opened at $80.51 on Friday. The firm has a market capitalization of $28.77 billion, a P/E ratio of 19.12, a P/E/G ratio of 1.17 and a beta of 1.22. The company has a current ratio of 1.32, a quick ratio of 0.68 and a debt-to-equity ratio of 0.33. Adidas has a 12-month low of $75.19 and a 12-month high of $126.59. The firm's fifty day simple moving average is $83.26 and its two-hundred day simple moving average is $91.59.

Adidas (OTCMKTS:ADDYY - Get Free Report) last announced its quarterly earnings data on Wednesday, March 4th. The company reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.01). The company had revenue of $7.03 billion for the quarter, compared to analysts' expectations of $6.15 billion. Adidas had a net margin of 5.36% and a return on equity of 22.31%. Analysts forecast that Adidas will post 5.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Adidas

A hedge fund recently raised its stake in Adidas stock. Madison Asset Management LLC boosted its holdings in shares of Adidas AG (OTCMKTS:ADDYY - Free Report) by 10.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,543 shares of the company's stock after purchasing 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 and Exchange Commission (SEC).

About Adidas

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.

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