Brokerages Set Adidas AG (OTCMKTS:ADDYY) Price Target at $146.02

Adidas AG (OTCMKTS:ADDYY) has earned a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $146.02.

A number of analysts have recently weighed in on ADDYY shares. Bank of America reaffirmed an “underperform” rating on shares of Adidas in a research report on Tuesday, January 6th. Royal Bank Of Canada lowered Adidas from an “outperform” rating to a “sector perform” rating in a research report on Friday, January 23rd. Citigroup reaffirmed a “buy” rating on shares of Adidas in a research report on Tuesday, February 3rd. Santander started coverage on Adidas in a research report on Thursday, January 15th. They set an “outperform” rating on the stock. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $146.02 price objective on shares of Adidas in a research report on Tuesday, January 6th.

Institutional Trading of Adidas

A hedge fund recently raised its stake in Adidas stock. Madison Asset Management LLC lifted its stake in shares of Adidas AG (OTCMKTS:ADDYY) by 11.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,442 shares of the company’s stock after acquiring an additional 2,110 shares during the quarter. Madison Asset Management LLC’s holdings in Adidas were worth $2,166,000 as of its most recent filing with the Securities and Exchange Commission.

Adidas Stock Up 0.6%

Shares of OTCMKTS ADDYY opened at $87.10 on Friday. The firm has a market cap of $31.12 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 1.26 and a beta of 1.22. The company has a quick ratio of 0.68, a current ratio of 1.32 and a debt-to-equity ratio of 0.33. Adidas has a 52-week low of $75.19 and a 52-week high of $126.59. The business’s 50 day moving average is $82.59 and its two-hundred day moving average is $90.85.

Adidas (OTCMKTS:ADDYY) last announced its earnings results on Wednesday, April 29th. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. The company had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.36 billion. Adidas had a return on equity of 23.53% and a net margin of 5.52%. Research analysts predict that Adidas will post 5.65 EPS for the current year.

About Adidas

Adidas AG is a global designer, manufacturer and marketer of athletic footwear, apparel and accessories, headquartered in Herzogenaurach, Germany. Founded by Adolf “Adi” Dassler in 1949, the company has grown into one of the world’s leading sportswear brands, offering products for running, soccer, basketball and a wide range of other sports as well as lifestyle and fashion markets.

Adidas’s product portfolio includes performance footwear, sports apparel, team uniforms, equipment and accessories sold under the Adidas brand and through various collaborations.