Shares of adidas AG (NASDAQ:ADDYY) have been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the firm. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $88.50.
ADDYY has been the topic of a number of analyst reports. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of adidas AG in a report on Thursday, July 28th. Robert W. Baird downgraded shares of adidas AG to a “neutral” rating and set a $80.00 price objective on the stock. in a report on Friday, September 2nd. Zacks Investment Research raised shares of adidas AG from a “hold” rating to a “buy” rating and set a $97.00 price objective on the stock in a report on Monday, October 3rd. Barclays PLC reaffirmed a “hold” rating on shares of adidas AG in a report on Tuesday, October 4th. Finally, HSBC downgraded shares of adidas AG from a “buy” rating to a “hold” rating in a report on Friday, September 2nd.
Shares of adidas AG (NASDAQ:ADDYY) opened at 86.88 on Thursday. The firm has a market capitalization of $34.79 billion and a P/E ratio of 34.46. adidas AG has a 52 week low of $42.66 and a 52 week high of $88.85. The firm’s 50-day moving average is $85.15 and its 200-day moving average is $72.38.
Several institutional investors have recently modified their holdings of the company. Sterling Capital Management LLC bought a new position in shares of adidas AG during the second quarter worth $249,000. Teachers Retirement System of The State of Kentucky bought a new position in shares of adidas AG during the second quarter worth $2,237,000. Parametric Portfolio Associates LLC increased its position in shares of adidas AG by 3.8% in the second quarter. Parametric Portfolio Associates LLC now owns 213,107 shares of the company’s stock worth $15,278,000 after buying an additional 7,897 shares during the period. Reliance Trust Co. of Delaware bought a new position in shares of adidas AG during the second quarter worth $236,000. Finally, World Asset Management Inc increased its position in shares of adidas AG by 8.3% in the second quarter. World Asset Management Inc now owns 25,896 shares of the company’s stock worth $1,848,000 after buying an additional 1,988 shares during the period.
adidas AG Company Profile
adidas AG and its subsidiaries design, develop, produce and market a range of athletic and sports lifestyle products. The Company’s segments include Western Europe; North America; Greater China; Russia/CIS; Latin America; Japan; Middle East, South Korea, Southeast Asia/Pacific (MEAA); TaylorMade-adidas Golf; Reebok-CCM Hockey; Runtastic, and Other centrally managed business.
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