adidas (OTCMKTS:ADDYY)‘s stock had its “neutral” rating reissued by research analysts at Credit Suisse Group in a note issued to investors on Thursday, The Fly reports.
A number of other research analysts have also issued reports on ADDYY. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of adidas in a research report on Monday, May 10th. Societe Generale raised shares of adidas from a “hold” rating to a “buy” rating in a research note on Wednesday, March 17th. UBS Group reaffirmed a “buy” rating on shares of adidas in a research note on Monday, May 10th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of adidas in a research note on Thursday, April 15th. Finally, Piper Sandler restated a “neutral” rating on shares of adidas in a research report on Wednesday, March 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. adidas has an average rating of “Hold” and an average price target of $199.00.
adidas stock opened at $176.25 on Thursday. The firm has a market capitalization of $69.08 billion, a P/E ratio of 128.65, a P/E/G ratio of 5.58 and a beta of 0.84. The company has a 50-day simple moving average of $162.66 and a 200-day simple moving average of $168.60. adidas has a one year low of $107.67 and a one year high of $185.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.86 and a current ratio of 1.39.
Large investors have recently made changes to their positions in the company. OLD National Bancorp IN bought a new stake in shares of adidas during the 4th quarter worth $502,000. Rhumbline Advisers purchased a new position in adidas in the 4th quarter worth about $285,000. Mitchell Capital Management Co. increased its stake in adidas by 20.9% in the 1st quarter. Mitchell Capital Management Co. now owns 8,489 shares of the company’s stock worth $1,333,000 after purchasing an additional 1,470 shares in the last quarter. Tower View Investment Management & Research LLC raised its holdings in adidas by 11.7% during the 1st quarter. Tower View Investment Management & Research LLC now owns 11,238 shares of the company’s stock worth $1,764,000 after buying an additional 1,176 shares during the period. Finally, Hollencrest Capital Management purchased a new stake in adidas during the fourth quarter valued at about $213,000. Institutional investors own 0.36% of the company’s stock.
adidas AG, together with its subsidiaries, designs, develops, distributes, and markets athletic and sports lifestyle products worldwide. The company operates through ten segments: Europe, North America Adidas, North America Reebok, Asia-Pacific, Russia/CIS, Latin America, Emerging Markets, Adidas Golf, Runtastic, and Other Centrally Managed Businesses.
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