ON (NYSE:ONON) Given “Buy” Rating at UBS Group

ON (NYSE:ONON)‘s stock had its “buy” rating reiterated by analysts at UBS Group in a research note issued on Friday,Benzinga reports. They presently have a $63.00 price objective on the stock. UBS Group’s price target would indicate a potential upside of 13.25% from the company’s previous close.

A number of other equities research analysts have also issued reports on the stock. Bank of America upgraded shares of ON from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $21.00 to $55.00 in a report on Monday, September 23rd. Truist Financial increased their target price on ON from $58.00 to $61.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Hsbc Global Res upgraded ON to a “hold” rating in a report on Thursday, September 5th. BTIG Research raised ON from a “neutral” rating to a “buy” rating and set a $64.00 price objective for the company in a research note on Wednesday, November 13th. Finally, Needham & Company LLC started coverage on ON in a research note on Friday, November 22nd. They set a “buy” rating and a $64.00 target price on the stock. Five research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $56.77.

ON Trading Down 1.3 %

NYSE ONON opened at $55.63 on Friday. ON has a 1 year low of $25.78 and a 1 year high of $60.12. The company has a market cap of $35.03 billion, a PE ratio of 129.38 and a beta of 2.30. The stock’s 50-day moving average price is $53.94 and its two-hundred day moving average price is $47.21.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ONON. Capital Advisors Inc. OK boosted its position in ON by 5.1% during the third quarter. Capital Advisors Inc. OK now owns 6,186 shares of the company’s stock worth $310,000 after purchasing an additional 301 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in shares of ON by 3.2% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 10,423 shares of the company’s stock worth $404,000 after buying an additional 325 shares during the period. Asset Dedication LLC grew its stake in ON by 25.8% in the 2nd quarter. Asset Dedication LLC now owns 1,592 shares of the company’s stock valued at $62,000 after buying an additional 327 shares during the last quarter. Sage Capital Advisors llc raised its holdings in ON by 0.3% in the 3rd quarter. Sage Capital Advisors llc now owns 99,859 shares of the company’s stock worth $5,008,000 after acquiring an additional 328 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in ON by 210.5% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company’s stock worth $28,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 36.39% of the company’s stock.

ON Company Profile

On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores.