On Holding AG (NYSE:ONON) Receives $63.85 Consensus PT from Analysts

On Holding AG (NYSE:ONONGet Free Report) has earned an average rating of “Buy” from the twenty-two analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, eighteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $63.85.

ONON has been the subject of several research analyst reports. Hsbc Global Res upgraded shares of ON from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. Evercore ISI boosted their price objective on shares of ON from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 14th. UBS Group set a $75.00 price objective on shares of ON in a research note on Wednesday, May 14th. HSBC raised shares of ON from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Tuesday, March 11th. Finally, KeyCorp increased their price objective on shares of ON from $60.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 14th.

Check Out Our Latest Stock Analysis on ON

Institutional Investors Weigh In On ON

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Sciencast Management LP increased its stake in shares of ON by 32.3% in the first quarter. Sciencast Management LP now owns 31,042 shares of the company’s stock worth $1,363,000 after acquiring an additional 7,581 shares during the period. First Dallas Securities Inc. lifted its stake in shares of ON by 13.5% in the first quarter. First Dallas Securities Inc. now owns 14,290 shares of the company’s stock worth $628,000 after buying an additional 1,695 shares in the last quarter. Guardian Partners Inc. increased its position in ON by 26.1% during the first quarter. Guardian Partners Inc. now owns 25,150 shares of the company’s stock worth $1,105,000 after purchasing an additional 5,200 shares during the last quarter. ThornTree Capital Partners LP increased its position in ON by 23.6% during the first quarter. ThornTree Capital Partners LP now owns 450,282 shares of the company’s stock worth $19,776,000 after purchasing an additional 86,120 shares during the last quarter. Finally, Panoramic Capital LLC acquired a new stake in ON during the first quarter worth about $439,000. Hedge funds and other institutional investors own 36.39% of the company’s stock.

ON Trading Down 1.0%

Shares of NYSE:ONON opened at $52.55 on Friday. ON has a 12-month low of $34.59 and a 12-month high of $64.05. The stock has a market cap of $33.08 billion, a PE ratio of 75.06, a P/E/G ratio of 3.03 and a beta of 2.35. The business has a 50 day moving average of $52.84 and a 200-day moving average of $52.20. The company has a quick ratio of 2.18, a current ratio of 2.80 and a debt-to-equity ratio of 0.19.

ON Company Profile

(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, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores.

Further Reading

Analyst Recommendations for ON (NYSE:ONON)

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