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

Shares of Adidas AG (OTCMKTS:ADDYY) have received an average rating of “Moderate Buy” from the nine brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $146.02.

Several equities research analysts have weighed in on ADDYY shares. Royal Bank Of Canada upgraded Adidas from a “sector perform” rating to an “outperform” rating in a report on Wednesday, June 10th. Zacks Research upgraded Adidas from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Adidas stock. Madison Asset Management LLC grew its holdings in Adidas AG (OTCMKTS:ADDYY) by 7.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 24,125 shares of the company’s stock after acquiring an additional 1,582 shares during the quarter. Madison Asset Management LLC’s holdings in Adidas were worth $1,935,000 at the end of the most recent reporting period.

Adidas Price Performance

Shares of OTCMKTS ADDYY opened at $101.95 on Monday. The stock’s 50-day moving average is $89.56 and its two-hundred day moving average is $89.55. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.32 and a quick ratio of 0.68. Adidas has a 1-year low of $75.19 and a 1-year high of $125.69. The company has a market cap of $36.43 billion, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 1.40 and a beta of 1.26.

Adidas (OTCMKTS:ADDYY) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.05. Adidas had a return on equity of 23.53% and a net margin of 5.52%.The company had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.36 billion. Analysts forecast that Adidas will post 5.49 EPS for the current fiscal year.

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.