ADIDAS AG/S (OTCMKTS:ADDYY) Downgraded to Hold at ValuEngine

ADIDAS AG/S (OTCMKTS:ADDYY) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, ValuEngine reports.

A number of other research analysts also recently issued reports on the company. Berenberg Bank upgraded ADIDAS AG/S from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. HSBC downgraded ADIDAS AG/S from a “buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Royal Bank of Canada restated an “outperform” rating on shares of ADIDAS AG/S in a research note on Tuesday, July 16th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded ADIDAS AG/S from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $154.00.

Shares of ADDYY traded down $3.55 during mid-day trading on Monday, reaching $147.79. The company’s stock had a trading volume of 25,647 shares, compared to its average volume of 41,562. ADIDAS AG/S has a 12-month low of $101.48 and a 12-month high of $165.01. The stock has a market cap of $59.03 billion, a PE ratio of 29.86, a price-to-earnings-growth ratio of 1.91 and a beta of 0.76. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.32 and a quick ratio of 0.86. The company’s 50 day moving average is $149.74 and its 200 day moving average is $141.38.

Several institutional investors and hedge funds have recently bought and sold shares of ADDYY. MAI Capital Management acquired a new position in ADIDAS AG/S during the second quarter worth $648,000. Todd Asset Management LLC acquired a new position in ADIDAS AG/S during the first quarter worth $2,876,000. Equitable Trust Co. raised its holdings in ADIDAS AG/S by 4.2% during the second quarter. Equitable Trust Co. now owns 40,067 shares of the company’s stock worth $6,194,000 after purchasing an additional 1,633 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in ADIDAS AG/S by 3.6% during the first quarter. Parametric Portfolio Associates LLC now owns 382,837 shares of the company’s stock worth $46,649,000 after purchasing an additional 13,309 shares during the last quarter. 0.14% of the stock is owned by institutional investors and hedge funds.

About ADIDAS AG/S

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, Latin America, Emerging Markets, Russia/CIS, Adidas Golf, Runtastic, and Other Centrally Managed Businesses.

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Analyst Recommendations for ADIDAS AG/S (OTCMKTS:ADDYY)

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