On Holding AG (NYSE:ONON) Receives Consensus Rating of “Moderate Buy” from Brokerages

On Holding AG (NYSE:ONONGet 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

Shares of ONON stock opened at $48.23 on Monday. The company has a market capitalization of $30.37 billion, a price-to-earnings ratio of 112.16, a price-to-earnings-growth ratio of 1.04 and a beta of 2.30. ON has a one year low of $27.37 and a one year high of $64.05. The company’s 50-day moving average is $56.37 and its 200 day moving average is $51.91.

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

(Get Free Report

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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Analyst Recommendations for ON (NYSE:ONON)

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