ON (NYSE:ONON - Get Free Report) had its price target upped by investment analysts at Needham & Company LLC from $55.00 to $62.00 in a research note issued to investors on Wednesday, MarketBeat reports. The firm presently has a "buy" rating on the stock. Needham & Company LLC's price objective would indicate a potential upside of 3.70% from the stock's current price.
Other equities research analysts have also issued research reports about the company. KeyCorp lowered their target price on ON from $68.00 to $60.00 and set an "overweight" rating for the company in a research note on Tuesday, April 29th. Morgan Stanley reduced their price target on ON from $66.00 to $62.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Telsey Advisory Group reissued an "outperform" rating and issued a $65.00 price target on shares of ON in a report on Tuesday. Williams Trading increased their price target on ON from $60.00 to $62.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Finally, Citigroup raised ON from a "neutral" rating to a "buy" rating and reduced their price target for the company from $65.00 to $60.00 in a report on Monday, April 28th. Two research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $61.73.
Read Our Latest Stock Analysis on ONON
ON Stock Performance
Shares of ONON stock traded down $0.47 during trading hours on Wednesday, reaching $59.79. The company had a trading volume of 6,104,026 shares, compared to its average volume of 4,640,325. ON has a twelve month low of $34.59 and a twelve month high of $64.05. The company has a market capitalization of $37.64 billion, a P/E ratio of 139.04, a price-to-earnings-growth ratio of 1.02 and a beta of 2.30. The stock's fifty day simple moving average is $46.16 and its 200 day simple moving average is $51.72.
Institutional Trading of ON
Several hedge funds have recently added to or reduced their stakes in ONON. Montag A & Associates Inc. bought a new stake in ON during the 1st quarter valued at $26,000. TCTC Holdings LLC raised its stake in ON by 118.4% during the 1st quarter. TCTC Holdings LLC now owns 581 shares of the company's stock valued at $26,000 after acquiring an additional 315 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in ON during the 4th quarter valued at $30,000. Park Square Financial Group LLC bought a new stake in ON during the 4th quarter valued at $32,000. Finally, MassMutual Private Wealth & Trust FSB bought a new stake in ON during the 1st quarter valued at $32,000. Institutional investors own 36.39% of the company's stock.
ON Company Profile
(
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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.
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