adidas (OTCMKTS:ADDYY) Stock Rating Reaffirmed by Credit Suisse Group

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.

adidas (OTCMKTS:ADDYY) last posted its earnings results on Tuesday, March 9th. The company reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. The firm had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.64 billion. adidas had a net margin of 2.33% and a return on equity of 7.19%. As a group, sell-side analysts forecast that adidas will post 1.18 earnings per share for the current year.

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.

About adidas

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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