On Holding AG (NYSE:ONON) Receives $56.77 Average PT from Brokerages

On Holding AG (NYSE:ONON) has been assigned an average rating of “Moderate Buy” from the twenty-four brokerages that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $56.77.

Several research analysts have weighed in on ONON shares. Hsbc Global Res upgraded ON to a “hold” rating in a report on Thursday, September 5th. KeyCorp upped their target price on ON from $47.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, September 26th. BTIG Research raised ON from a “neutral” rating to a “buy” rating and set a $64.00 price target on the stock in a research note on Wednesday, November 13th. Piper Sandler upped their price objective on shares of ON from $52.00 to $56.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. Finally, Robert W. Baird raised their target price on shares of ON from $55.00 to $63.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th.

Institutional Investors Weigh In On ON

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital Advisors Inc. OK lifted its stake in ON by 5.1% during the third quarter. Capital Advisors Inc. OK now owns 6,186 shares of the company’s stock valued at $310,000 after purchasing an additional 301 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in shares of ON by 3.2% during the second quarter. Crossmark Global Holdings Inc. now owns 10,423 shares of the company’s stock worth $404,000 after purchasing an additional 325 shares during the period. Asset Dedication LLC lifted its holdings in shares of ON by 25.8% during the second quarter. Asset Dedication LLC now owns 1,592 shares of the company’s stock valued at $62,000 after purchasing an additional 327 shares during the last quarter. Sage Capital Advisors llc increased its stake 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 purchasing an additional 328 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings 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 buying an additional 400 shares during the period. Institutional investors own 36.39% of the company’s stock.

ON Stock Performance

ONON opened at $54.77 on Friday. The business’s 50-day simple moving average is $54.20 and its 200-day simple moving average is $47.43. The company has a market cap of $34.49 billion, a P/E ratio of 127.38 and a beta of 2.30. ON has a one year low of $25.78 and a one year high of $60.12.

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.