Adidas AG (ADDYY) - What Are Analysts Thinking About This Stock?

Key Points

• Analysts have a “Moderate Buy” consensus on Adidas, with 10 buy ratings, one strong buy, two holds and two sells among 15 brokerages. The average 12-month price target is $146, well above the reported share price of $88.48.
• Recent analyst views are mixed: Benchmark upgraded Adidas to “strong buy,” while UBS downgraded it to “neutral” and Zacks Research cut its rating to “strong sell.”
• Adidas’s latest quarterly results were mixed, with EPS of $1.22 missing estimates of $1.38, although revenue of $7.76 billion exceeded the $7.55 billion consensus forecast.

Shares of Adidas AG (OTCMKTS:ADDYY - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the fifteen brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $146.00.

A number of brokerages have recently issued reports on ADDYY. Benchmark raised Adidas to a "strong-buy" rating in a research note on Tuesday, September 22nd. Sanford C. Bernstein restated an "outperform" rating and set a $146.00 target price on shares of Adidas in a research report on Friday, October 2nd. JPMorgan Chase & Co. started coverage on Adidas in a research note on Thursday, July 2nd. They set an "overweight" rating for the company. UBS Group downgraded Adidas from a "buy" rating to a "neutral" rating in a report on Tuesday, August 4th. Finally, Zacks Research lowered Adidas from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 13th.

Institutional Trading of Adidas

A hedge fund recently raised its stake in Adidas stock. GAMMA Investing LLC increased its stake in Adidas AG (OTCMKTS:ADDYY - Free Report) by 7.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,249 shares of the company's stock after acquiring an additional 148 shares during the quarter. GAMMA Investing LLC's holdings in Adidas were worth $185,000 at the end of the most recent reporting period.

Adidas Price Performance

Shares of OTCMKTS ADDYY opened at $88.48 on Friday. Adidas has a twelve month low of $75.19 and a twelve month high of $118.00. The firm has a fifty day simple moving average of $85.79 and a 200 day simple moving average of $90.42. The company has a market capitalization of $31.62 billion, a PE ratio of 19.49, a P/E/G ratio of 1.30 and a beta of 1.24. The company has a quick ratio of 0.74, a current ratio of 1.39 and a debt-to-equity ratio of 0.39.

Adidas (OTCMKTS:ADDYY - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.16). Adidas had a net margin of 5.30% and a return on equity of 22.35%. The firm had revenue of $7.76 billion during the quarter, compared to analyst estimates of $7.55 billion. On average, sell-side analysts forecast that Adidas will post 5.08 EPS for the current year.

About Adidas

adidas AG is a Germany-based global sporting goods company headquartered in Herzogenaurach, Bavaria. Founded by Adolf “Adi” Dassler in 1949, the company develops, designs and markets athletic footwear, apparel and sports accessories under the adidas brand.

Its products serve a broad range of sports and activities, including football, running, basketball, training, tennis and outdoor pursuits. adidas also offers lifestyle footwear and clothing that combine sports-inspired designs with everyday fashion.

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