Deutsche Bank AG cut shares of Adidas AG (OTCMKTS:ADDYY) from a buy rating to a hold rating in a report published on Monday. The firm currently has $210.00 price target on the stock.
ADDYY has been the subject of a number of other research reports. Raymond James Financial, Inc. raised shares of Adidas AG from an underperform rating to a market perform rating in a research note on Thursday, July 6th. HSBC Holdings plc raised shares of Adidas AG from a hold rating to a buy rating in a research note on Wednesday, July 5th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Adidas AG presently has a consensus rating of Buy and a consensus price target of $128.33.
Shares of Adidas AG (ADDYY) opened at 117.375 on Monday. Adidas AG has a 1-year low of $70.61 and a 1-year high of $114.53. The company has a market cap of $47.31 billion, a PE ratio of 36.674 and a beta of 1.08.
Institutional investors have recently modified their holdings of the company. Mitchell Capital Management Co. increased its position in shares of Adidas AG by 1.4% in the first quarter. Mitchell Capital Management Co. now owns 2,828 shares of the company’s stock worth $269,000 after buying an additional 40 shares during the last quarter. World Asset Management Inc increased its position in shares of Adidas AG by 1.3% in the first quarter. World Asset Management Inc now owns 26,074 shares of the company’s stock worth $2,486,000 after buying an additional 343 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Adidas AG by 146.3% in the first quarter. Quadrant Capital Group LLC now owns 1,717 shares of the company’s stock worth $156,000 after buying an additional 1,020 shares during the last quarter. Cim Investment Mangement Inc. acquired a new position in shares of Adidas AG during the first quarter worth about $215,000. Finally, Smith Asset Management Group LP increased its position in shares of Adidas AG by 131.8% in the second quarter. Smith Asset Management Group LP now owns 6,430 shares of the company’s stock worth $617,000 after buying an additional 3,656 shares during the last quarter. 0.32% of the stock is currently owned by institutional investors and hedge funds.
Adidas AG Company Profile
Adidas AG and its subsidiaries design, develop, produce and market a range of athletic and sports lifestyle products. The Company’s segments include Western Europe; North America; Greater China; Russia/CIS; Latin America; Japan; Middle East, South Korea, Southeast Asia/Pacific; TaylorMade-adidas Golf; CCM Hockey; Runtastic and Other centrally managed business.
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