ADDYY Receives Reiterated Rating Of Underweight

addyy

Adidas (OTCMKTS: ADDYY) has been given an “underweight” rating again by Morgan Stanley analysts on 9th April, Friday. The stock had traded at an increase of $3.19 during the day’s trading hours, resulting in the price of $164.73.

Stock Commentary On ADDYY

Several equities research analysts have issued their reports on ADDYY stock. Deutsche Bank Aktiengesellschaft reissued their rating of “hold” on 1st February. Piper Sandler also reiterated their rating of “neutral” for the stock on 3rd March, Wednesday. Credit Suisse Group reissued their rating of “neutral” as well on 12th March. Zack Investment Research, however, upgraded their rating for the stock to “hold” from “sell” on 23rd March, Tuesday. Finally, Societe Generale also increased their rating to “buy” from “hold” on 17th March, Wednesday. ADDYY has received a general “hold” rating and a $199 general price objective.

The moving average over 50 days stands at $168.97 while that for 200 days stands at $168.74. The share currently has a $64.56B market cap with a 0.84 beta. The lowest in a year for the firm stands at $102.27 while the highest stands at $185. The stock also has a 1.39 current ratio and a 0.86 quick ratio. In the last report on 9th March, a 0.40 EPS was stated, on par with the analysts’ estimates. For the next financial quarter, a 1.18 EPS is the general forecast. Furthermore, a 2.33% net margin with a 7.19% equity return was also reported.

Colony Group LLC, Captrust Financial Advisors, Rhumbline Advisers, Hollencrest Capital Management, and DSM Capital Partners LLC all increased their percentage of ADDYY stock. 0.36% of ADDYY stock is owned by institutional investors.

Adidas AG is a giant in the field of sports. The company, and its subsidiaries, market, distribute, develop, and design sports, lifestyle, and athletic products all over the globe.

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