adidas (OTCMKTS: ADDYY) was lifted by DZ Bank equity researchers from a “hold” rating to a “buy” rating in a report released Friday, The Fly reported. The brokerage currently has a target price of â¬ 300.00 ($ 340.91) on the stock.
ADDYY has been the subject of several other reports. The Royal Bank of Canada reiterated a âsector performanceâ rating on Adidas shares in a report released on Thursday, November 11. JPMorgan Chase & Co. reaffirmed a “neutral” note on adidas shares in a report released Thursday, November 11. Wedbush reaffirmed an “outperformance” rating on adidas shares in a report released on Wednesday, November 10. Bank of America downgraded adidas from a âneutralâ rating to an âunderperformingâ rating in a research report released on Monday, October 4. Finally, the UBS Group reaffirmed a âbuyâ note on Adidas shares in a research report on Thursday 11 November. Two investment analysts gave the stock a sell rating, six assigned a conservation rating and eleven gave the company a buy rating. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $ 251.50.
Shares of adidas traded up $ 0.18 during the midday session on Friday, reaching $ 145.18. The company’s shares had a trading volume of 162,538 shares, compared to its average volume of 62,443. The company has a market capitalization of $ 56.90 billion, a P / E ratio of 23.01, a PEG ratio of 0.71 and a beta of 0.84. The stock has a 50-day simple moving average of $ 158.18 and a 200-day simple moving average of $ 173.03. The company has a quick ratio of 1.10, a current ratio of 1.54, and a debt ratio of 0.34. adidas has a one-year low at $ 142.60 and a one-year high at $ 199.44.
Major investors have recently bought and sold shares in the company. Vigilant Capital Management LLC purchased a new stake in adidas shares during the third quarter valued at $ 27,000. PNC Financial Services Group Inc. increased its position in adidas shares by 90.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 291 shares of the company valued at $ 54,000 after acquiring 138 additional shares in the last quarter. Castleview Partners LLC purchased a new stake in adidas shares during the 2nd quarter valued at $ 126,000. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in adidas shares during the 2nd quarter valued at $ 201,000. Finally, Capital Square LLC purchased a new stake in adidas shares during the 2nd quarter valued at $ 238,000. Institutional investors hold 0.16% of the company’s shares.
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adidas AG is engaged in the design, distribution and marketing of athletic and sports lifestyle products. It operates in the following segments: Europe, North America, Asia Pacific, Russia / CIS, Latin America, Emerging Markets, adidas Golf, Runtastic and other businesses. The North America segment includes adidas North America and Reebok North America.
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