Kepler Capital analyst Carola Holtz upgraded Adidas (ADDYY) to Buy on May 10 and set a price target of EUR317.00. The company’s shares closed last Tuesday at $174.01, close to its 52-week high of $185.00.
According to TipRanks.com, Holtz is a 4-star analyst with an average return of 8.0% and a 66.1% success rate. Holtz covers the Consumer Goods sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Anheuser-Busch Inbev Sa, and Hermes International.
Currently, the analyst consensus on Adidas is a Moderate Buy with an average price target of $284.29.
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Adidas’ market cap is currently $67.52B and has a P/E ratio of 123.30. The company has a Price to Book ratio of 12.87.
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adidas AG engages in design, distribution, and marketing of athletic and sporting lifestyle products. It operates through the following segments: Europe, North America, Asia-Pacific, Latin America, Emerging Markets, Russia/CIS, adidas Golf, Runtastic, and Other Businesses. The adidas Golf segment distribute and sell Adidas golf brand products. The Runtastic segment provides ecosystem for tracking and managing health and fitness data. The Other Businesses segment consists activities of the Y-3 label. The company was founded by Adolf Dassler in 1920 and is headquartered in Herzogenaurach, Germany.
