On Holding AG (NYSE:ONON – Get Free Report) has received an average recommendation of “Moderate Buy” from the twenty-four analysts that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, eighteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $59.73.
A number of equities research analysts have recently commented on the stock. Robert W. Baird increased their price target on shares of ON from $55.00 to $63.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Stifel Nicolaus upped their price objective on ON from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Barclays lifted their target price on ON from $47.00 to $63.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Truist Financial upped their price target on ON from $58.00 to $61.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, KeyCorp increased their price objective on ON from $60.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd.
View Our Latest Research Report on ONON
ON Stock Performance
Hedge Funds Weigh In On ON
A number of institutional investors have recently bought and sold shares of ONON. Private Trust Co. NA purchased a new stake in ON in the third quarter worth about $26,000. Blue Trust Inc. grew its stake in shares of ON by 319.8% during the 3rd quarter. Blue Trust Inc. now owns 529 shares of the company’s stock valued at $27,000 after acquiring an additional 403 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in ON by 210.5% in 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 in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in ON during the 3rd quarter worth approximately $29,000. Finally, Strategic Financial Concepts LLC purchased a new position in ON during the fourth quarter valued at approximately $30,000. 36.39% of the stock is owned by institutional investors.
About ON
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.
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