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

adidas AG (OTCMKTS:ADDYY) has been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

A number of equities analysts have recently issued reports on ADDYY shares. Barclays restated an “equal weight” rating on shares of adidas in a research report on Monday, September 9th. HSBC cut shares of adidas from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd.

adidas Stock Down 2.2 %

ADDYY stock opened at $123.89 on Thursday. The business has a 50 day moving average price of $120.18 and a 200 day moving average price of $121.89. The stock has a market cap of $44.24 billion, a price-to-earnings ratio of 95.30 and a beta of 1.20. adidas has a fifty-two week low of $88.03 and a fifty-two week high of $134.39.

adidas (OTCMKTS:ADDYY) last issued its earnings results on Tuesday, October 29th. The company reported $1.34 earnings per share (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 analysts’ expectations of $7.01 billion. As a group, sell-side analysts anticipate that adidas will post 2.15 EPS for the current year.

Institutional Trading of adidas

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ADDYY. GAMMA Investing LLC boosted its holdings in shares of adidas by 29.4% during the third quarter. GAMMA Investing LLC now owns 792 shares of the company’s stock worth $105,000 after purchasing an additional 180 shares during the last quarter. Capital Square LLC acquired a new stake in adidas in the 2nd quarter worth about $1,616,000. Finally, Hantz Financial Services Inc. acquired a new position in shares of adidas during the 2nd quarter valued at about $4,809,000.

About adidas

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.