Adidas AG (OTCMKTS:ADDYY) Stock Has Average Target Price of $146.00 According to Brokerages

Shares of Adidas AG (OTCMKTS:ADDYY) have been assigned an average rating of “Moderate Buy” from the sixteen research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have assigned 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 brokers that have updated their coverage on the stock in the last year is $146.00.

ADDYY has been the topic of several recent research reports. Zacks Research raised shares of Adidas from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Telsey Advisory Group reiterated an “outperform” rating on shares of Adidas in a report on Friday, July 31st. Citigroup reissued a “buy” rating on shares of Adidas in a research note on Wednesday, October 21st. UBS Group cut shares of Adidas from a “neutral” rating to a “sell” rating in a report on Tuesday, November 3rd. Finally, Cantor Fitzgerald started coverage on shares of Adidas in a research report on Monday, November 9th. They issued a “hold” rating on the stock.

Institutional Investors Weigh In On Adidas

Several large investors have recently modified their holdings of the stock. Madison Asset Management LLC grew its holdings in shares of Adidas by 7.0% in the 1st quarter. Madison Asset Management LLC now owns 24,125 shares of the company’s stock worth $1,935,000 after acquiring an additional 1,582 shares during the last quarter. Sterling Capital Management LLC purchased a new stake in shares of Adidas during the third quarter valued at $336,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Adidas by 53.5% during the second quarter. GAMMA Investing LLC now owns 2,101 shares of the company’s stock valued at $216,000 after purchasing an additional 732 shares during the last quarter.

Adidas Price Performance

Shares of Adidas stock traded up $0.48 during trading on Thursday, hitting $97.97. The stock had a trading volume of 44,896 shares, compared to its average volume of 110,066. The business has a fifty day moving average of $87.61 and a two-hundred day moving average of $89.85. Adidas has a fifty-two week low of $75.19 and a fifty-two week high of $107.57. The firm has a market cap of $35.01 billion, a P/E ratio of 18.21, a PEG ratio of 1.14 and a beta of 1.23. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.39 and a quick ratio of 0.74.

About Adidas

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.