adidas AG (OTCMKTS:ADDYY) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of adidas AG (OTCMKTS:ADDYY) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company.

Several equities research analysts have recently weighed in on the company. Sanford C. Bernstein raised adidas from a “market perform” rating to an “outperform” rating in a report on Monday, January 6th. HSBC downgraded shares of adidas from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd.

adidas Stock Down 0.7 %

OTCMKTS:ADDYY opened at $125.28 on Monday. adidas has a 52 week low of $88.03 and a 52 week high of $134.39. The stock’s fifty day moving average is $120.66 and its two-hundred day moving average is $122.07. The stock has a market capitalization of $44.74 billion, a price-to-earnings ratio of 96.37 and a beta of 1.18.

adidas (OTCMKTS:ADDYY) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.25. The firm had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.01 billion. adidas had a net margin of 1.91% and a return on equity of 7.93%. On average, sell-side analysts expect that adidas will post 2.15 EPS for the current fiscal year.

Institutional Trading of adidas

A hedge fund recently raised its stake in adidas stock. GAMMA Investing LLC grew its position in shares of adidas AG (OTCMKTS:ADDYY) by 13.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 897 shares of the company’s stock after acquiring an additional 105 shares during the quarter. GAMMA Investing LLC’s holdings in adidas were worth $109,000 at the end of the most recent quarter.

About adidas

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand.