Zacks Investment Research Downgrades Adidas AG (ADDYY) to Hold

Adidas AG (OTCMKTS:ADDYY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Monday.

According to Zacks, “Adidas is a leading brand in the sporting goods market with strong positions in footwear, apparel and hardware. Adidas products offer technological innovations and cutting-edge designs to athletes of all skill levels who aspire to achieve peak performance. The adidas brand is structured in three divisions: Forever Sport, Originals and adidas Equipment. “

ADDYY has been the subject of a number of other reports. Deutsche Bank AG lowered Adidas AG from a “buy” rating to a “hold” rating and set a $210.00 price objective for the company. in a research report on Monday, August 7th. Raymond James Financial, Inc. upgraded Adidas AG from an “underperform” rating to a “market perform” rating in a report on Thursday, July 6th. Finally, HSBC Holdings plc upgraded Adidas AG from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $210.00.

Shares of Adidas AG (OTCMKTS ADDYY) opened at 115.16 on Monday. The company’s 50-day moving average is $114.12 and its 200-day moving average is $103.95. The firm has a market cap of $46.68 billion, a P/E ratio of 39.39 and a beta of 1.08. Adidas AG has a 52-week low of $70.61 and a 52-week high of $118.98.

COPYRIGHT VIOLATION NOTICE: “Zacks Investment Research Downgrades Adidas AG (ADDYY) to Hold” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece of content on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark laws. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/10/11/zacks-investment-research-downgrades-adidas-ag-addyy-to-hold.html.

Several institutional investors have recently made changes to their positions in ADDYY. Quadrant Capital Group LLC lifted its holdings in shares of Adidas AG by 3.1% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,771 shares of the company’s stock valued at $144,000 after buying an additional 54 shares during the last quarter. Cim Investment Mangement Inc. bought a new position in shares of Adidas AG in the 1st quarter valued at approximately $215,000. Pacer Advisors Inc. bought a new position in shares of Adidas AG in the 2nd quarter valued at approximately $332,000. Smith Asset Management Group LP raised its stake in shares of Adidas AG by 131.8% in the 2nd quarter. Smith Asset Management Group LP now owns 6,430 shares of the company’s stock valued at $617,000 after acquiring an additional 3,656 shares in the last quarter. Finally, Bahl & Gaynor Inc. raised its stake in shares of Adidas AG by 36.0% in the 2nd quarter. Bahl & Gaynor Inc. now owns 11,025 shares of the company’s stock valued at $866,000 after acquiring an additional 2,920 shares in the last quarter. Institutional investors and hedge funds own 0.11% of the company’s stock.

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; Runtastic and Other centrally managed business.

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According to Zacks, “Adidas is a leading brand in the sporting goods market with strong positions in footwear, apparel and hardware. Adidas products offer technological innovations and cutting-edge designs to athletes of all skill levels who aspire to achieve peak performance. The adidas brand is structured in three divisions: Forever Sport, Originals and adidas Equipment. “

ADDYY has been the subject of a number of other reports. Deutsche Bank AG lowered Adidas AG from a “buy” rating to a “hold” rating and set a $210.00 price objective for the company. in a research report on Monday, August 7th. Raymond James Financial, Inc. upgraded Adidas AG from an “underperform” rating to a “market perform” rating in a report on Thursday, July 6th. Finally, HSBC Holdings plc upgraded Adidas AG from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $210.00.

Shares of Adidas AG (OTCMKTS ADDYY) opened at 115.16 on Monday. The company’s 50-day moving average is $114.12 and its 200-day moving average is $103.95. The firm has a market cap of $46.68 billion, a P/E ratio of 39.39 and a beta of 1.08. Adidas AG has a 52-week low of $70.61 and a 52-week high of $118.98.

COPYRIGHT VIOLATION NOTICE: “Zacks Investment Research Downgrades Adidas AG (ADDYY) to Hold” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece of content on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark laws. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/10/11/zacks-investment-research-downgrades-adidas-ag-addyy-to-hold.html.

Several institutional investors have recently made changes to their positions in ADDYY. Quadrant Capital Group LLC lifted its holdings in shares of Adidas AG by 3.1% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,771 shares of the company’s stock valued at $144,000 after buying an additional 54 shares during the last quarter. Cim Investment Mangement Inc. bought a new position in shares of Adidas AG in the 1st quarter valued at approximately $215,000. Pacer Advisors Inc. bought a new position in shares of Adidas AG in the 2nd quarter valued at approximately $332,000. Smith Asset Management Group LP raised its stake in shares of Adidas AG by 131.8% in the 2nd quarter. Smith Asset Management Group LP now owns 6,430 shares of the company’s stock valued at $617,000 after acquiring an additional 3,656 shares in the last quarter. Finally, Bahl & Gaynor Inc. raised its stake in shares of Adidas AG by 36.0% in the 2nd quarter. Bahl & Gaynor Inc. now owns 11,025 shares of the company’s stock valued at $866,000 after acquiring an additional 2,920 shares in the last quarter. Institutional investors and hedge funds own 0.11% of the company’s stock.

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; Runtastic and Other centrally managed business.

Analyst Recommendations for Adidas AG (OTCMKTS:ADDYY)

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