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

Shares of adidas AG (OTCMKTS:ADDYY) have earned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company.

A number of research firms have recently commented on ADDYY. Sanford C. Bernstein raised shares of adidas from a “market perform” rating to an “outperform” rating in a research report on Monday, January 6th. HSBC lowered shares of adidas from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd.

Institutional Trading of adidas

A hedge fund recently raised its stake in adidas stock. GAMMA Investing LLC increased its holdings in shares of adidas AG (OTCMKTS:ADDYY) by 29.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 792 shares of the company’s stock after acquiring an additional 180 shares during the quarter. GAMMA Investing LLC’s holdings in adidas were worth $105,000 at the end of the most recent quarter.

adidas Trading Down 0.7 %

Shares of ADDYY stock opened at $125.28 on Monday. The company has a market cap of $44.74 billion, a PE ratio of 96.37 and a beta of 1.18. The company’s fifty day simple moving average is $120.66 and its 200-day simple moving average is $122.07. adidas has a 52 week low of $88.03 and a 52 week high of $134.39.

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

adidas Company Profile

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.