On Holding AG (NYSE:ONON) Given Average Recommendation of “Moderate Buy” by Analysts

On Holding AG (NYSE:ONON) has been given a consensus rating of “Moderate Buy” by the twenty-four research firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation, seventeen have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $59.8636.

Several research analysts have weighed in on ONON shares. UBS Group reissued a “buy” rating on shares of ON in a research report on Thursday, February 19th. The Goldman Sachs Group boosted their price target on shares of ON from $50.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, November 13th. Barclays decreased their price objective on shares of ON from $69.00 to $60.00 and set an “overweight” rating for the company in a report on Thursday, November 13th. Guggenheim raised shares of ON to a “strong-buy” rating in a research report on Wednesday, December 10th. Finally, Morgan Stanley increased their target price on shares of ON from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th.

ON Price Performance

Shares of NYSE ONON opened at $47.58 on Friday. The company has a market capitalization of $29.88 billion, a PE ratio of 61.79, a PEG ratio of 1.40 and a beta of 2.15. The company has a quick ratio of 2.05, a current ratio of 2.55 and a debt-to-equity ratio of 0.28. The stock’s 50 day moving average price is $46.45 and its 200-day moving average price is $44.48. ON has a twelve month low of $34.38 and a twelve month high of $61.29.

Institutional Trading of ON

A number of large investors have recently bought and sold shares of ONON. Norges Bank bought a new stake in shares of ON in the second quarter valued at approximately $138,641,000. Great Point Wealth Advisors LLC purchased a new position in ON in the 3rd quarter valued at approximately $1,607,000. Hantz Financial Services Inc. raised its holdings in ON by 102.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 38,978 shares of the company’s stock valued at $2,029,000 after acquiring an additional 19,730 shares during the period. Geode Capital Management LLC purchased a new stake in shares of ON during the second quarter worth $70,152,000. Finally, Lecap Asset Management Ltd. purchased a new stake in shares of ON during the third quarter worth $1,473,000. 36.39% of the stock is owned by hedge funds and other institutional investors.

About ON

On Holding AG, commonly known as On, is a Swiss performance footwear and apparel company headquartered in Zurich. Founded in 2010, the company designs, develops and sells running shoes, performance apparel and accessories for road, trail and everyday use. On’s product philosophy centers on engineered cushioning and responsiveness intended to serve both serious athletes and lifestyle consumers.

On is best known for its proprietary midsole technology and distinctive sole architecture, marketed under names such as the Cloud family of shoes and related performance lines.