adidas (OTCMKTS:ADDYY) Raised to Outperform at Exane BNP Paribas

Exane BNP Paribas upgraded shares of adidas (OTCMKTS:ADDYY) from a neutral rating to an outperform rating in a report published on Wednesday morning, The Fly reports.

Several other brokerages also recently weighed in on ADDYY. Kepler Capital Markets raised shares of adidas to a buy rating in a research note on Sunday. Zacks Investment Research raised shares of adidas from a hold rating to a buy rating and set a $199.00 target price on the stock in a research note on Tuesday. Royal Bank of Canada downgraded shares of adidas from an outperform rating to a sector perform rating in a research note on Friday, November 13th. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of adidas in a research note on Wednesday, October 7th. Finally, Berenberg Bank reaffirmed a buy rating on shares of adidas in a research note on Monday, November 16th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $199.00.

adidas stock opened at $175.93 on Wednesday. The company’s 50 day simple moving average is $174.72 and its 200-day simple moving average is $159.19. The company has a market capitalization of $68.95 billion, a price-to-earnings ratio of 128.42, a price-to-earnings-growth ratio of 5.91 and a beta of 0.84. adidas has a 1 year low of $87.65 and a 1 year high of $185.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.86 and a current ratio of 1.39.

adidas (OTCMKTS:ADDYY) last released its quarterly earnings results on Tuesday, November 10th. The company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.08. The business had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $7.01 billion. adidas had a net margin of 2.33% and a return on equity of 7.19%. Equities analysts expect that adidas will post 1.19 earnings per share for the current year.

Large investors have recently made changes to their positions in the business. Captrust Financial Advisors boosted its holdings in shares of adidas by 15.5% in the 3rd quarter. Captrust Financial Advisors now owns 2,039 shares of the company’s stock valued at $334,000 after buying an additional 274 shares in the last quarter. Colony Group LLC boosted its holdings in shares of adidas by 32.7% in the 3rd quarter. Colony Group LLC now owns 2,118 shares of the company’s stock valued at $343,000 after buying an additional 522 shares in the last quarter. Harding Loevner LP acquired a new position in shares of adidas in the 3rd quarter valued at $151,701,000. Canton Hathaway LLC acquired a new position in shares of adidas in the 3rd quarter valued at $162,000. Finally, Tower View Investment Management & Research LLC boosted its holdings in shares of adidas by 18.6% in the 3rd quarter. Tower View Investment Management & Research LLC now owns 9,950 shares of the company’s stock valued at $1,623,000 after buying an additional 1,560 shares in the last quarter. 0.36% of the stock is currently owned by institutional investors.

adidas Company Profile

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. The company operates in 10 segments: Europe, North America Adidas, North America Reebok, Asia-Pacific, Russia/CIS, Latin America, Emerging Markets, Adidas Golf, Runtastic, and Other Centrally Managed Businesses.

Further Reading: What does the Dow Jones Industrial Average (DJIA) measure?

The Fly

Analyst Recommendations for adidas (OTCMKTS:ADDYY)

Receive News & Ratings for adidas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for adidas and related companies with MarketBeat.com's FREE daily email newsletter.