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

Shares of adidas AG (OTCMKTS:ADDYY) have been given an average recommendation of “Moderate Buy” by the seven research firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

A number of brokerages recently issued reports on ADDYY. Sanford C. Bernstein upgraded shares of adidas from a “market perform” rating to an “outperform” rating in a research note on Monday. HSBC cut shares of adidas from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd.

adidas Stock Performance

OTCMKTS ADDYY opened at $126.14 on Monday. The firm has a 50 day simple moving average of $120.45 and a 200-day simple moving average of $121.98. adidas has a one year low of $88.03 and a one year high of $134.39. The firm has a market cap of $45.04 billion, a price-to-earnings ratio of 97.03 and a beta of 1.18.

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

Hedge Funds Weigh In On adidas

An institutional investor recently raised its position in adidas stock. GAMMA Investing LLC raised its position in adidas AG (OTCMKTS:ADDYY) by 13.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 897 shares of the company’s stock after buying an additional 105 shares during the quarter. GAMMA Investing LLC’s holdings in adidas were worth $109,000 as of its most recent filing with the SEC.

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.