On Holding AG (NYSE:ONON) Receives $59.36 Average PT from Brokerages

On Holding AG (NYSE:ONON) has been given a consensus rating of “Moderate Buy” by the twenty-four research firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $59.73.

Several research analysts have weighed in on ONON shares. UBS Group reiterated a “buy” rating and issued a $63.00 target price on shares of ON in a research note on Friday, December 27th. Telsey Advisory Group reiterated an “outperform” rating and set a $67.00 price target on shares of ON in a research note on Wednesday, January 15th. KeyCorp raised their price objective on shares of ON from $60.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday. Stifel Nicolaus increased their target price on ON from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, Piper Sandler lifted their price target on ON from $52.00 to $56.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd.

Institutional Trading of ON

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Calamos Advisors LLC increased its holdings in shares of ON by 9.9% during the 4th quarter. Calamos Advisors LLC now owns 46,648 shares of the company’s stock worth $2,555,000 after buying an additional 4,214 shares during the last quarter. Jennison Associates LLC increased its stake in ON by 27.4% during the fourth quarter. Jennison Associates LLC now owns 2,049,644 shares of the company’s stock worth $112,259,000 after acquiring an additional 440,685 shares during the last quarter. Spire Wealth Management increased its stake in ON by 134.2% during the fourth quarter. Spire Wealth Management now owns 3,567 shares of the company’s stock worth $195,000 after acquiring an additional 2,044 shares during the last quarter. R Squared Ltd purchased a new position in shares of ON in the 4th quarter worth about $154,000. Finally, Legacy Bridge LLC acquired a new position in shares of ON in the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 36.39% of the company’s stock.

ON Trading Down 0.4 %

Shares of ONON opened at $60.21 on Thursday. The firm has a market cap of $37.91 billion, a PE ratio of 140.02, a price-to-earnings-growth ratio of 1.19 and a beta of 2.30. ON has a 12-month low of $26.10 and a 12-month high of $60.99. The company’s 50 day simple moving average is $56.68 and its 200-day simple moving average is $49.60.

ON Company Profile

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own high-end stores.