S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
Why is Russia reopening dormant copper mines? (Ad)
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Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
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Why is Russia reopening dormant copper mines? (Ad)
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving
S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
Why is Russia reopening dormant copper mines? (Ad)
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
Why is Russia reopening dormant copper mines? (Ad)
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
Why is Russia reopening dormant copper mines? (Ad)
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving
S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
Why is Russia reopening dormant copper mines? (Ad)
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
Why is Russia reopening dormant copper mines? (Ad)
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
Why is Russia reopening dormant copper mines? (Ad)
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving
S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
Why is Russia reopening dormant copper mines? (Ad)
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
Why is Russia reopening dormant copper mines? (Ad)
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
Why is Russia reopening dormant copper mines? (Ad)
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving

ON (NYSE:ONON) Shares Up 5.8% Following Analyst Upgrade

On Holding AG (NYSE:ONON - Get Rating)'s stock price shot up 5.8% during trading on Tuesday after UBS Group raised their price target on the stock from $30.00 to $32.00. The company traded as high as $18.05 and last traded at $18.00. 107,249 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 2,701,998 shares. The stock had previously closed at $17.02.

ONON has been the topic of a number of other research reports. William Blair cut ON from a "buy" rating to a "hold" rating and set a $20.00 price objective on the stock. in a research note on Thursday, November 17th. The Goldman Sachs Group raised ON from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $37.00 to $28.00 in a research report on Sunday. Robert W. Baird lifted their target price on ON from $28.00 to $31.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 17th. Stifel Nicolaus lifted their target price on ON from $28.00 to $31.00 in a research report on Tuesday, August 16th. Finally, Williams Trading lowered ON from a "buy" rating to a "hold" rating in a research report on Thursday, November 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $28.17.

Institutional Investors Weigh In On ON

A number of institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its position in shares of ON by 1,044.9% during the 1st quarter. SG Americas Securities LLC now owns 48,840 shares of the company's stock valued at $1,233,000 after acquiring an additional 44,574 shares during the last quarter. Banque Pictet & Cie SA raised its stake in ON by 112.4% during the 1st quarter. Banque Pictet & Cie SA now owns 99,400 shares of the company's stock valued at $2,509,000 after purchasing an additional 52,600 shares during the period. Titleist Asset Management LTD. raised its stake in ON by 8.3% during the 1st quarter. Titleist Asset Management LTD. now owns 16,714 shares of the company's stock valued at $422,000 after purchasing an additional 1,282 shares during the period. Stephens Inc. AR raised its stake in ON by 101.4% during the 1st quarter. Stephens Inc. AR now owns 14,800 shares of the company's stock valued at $374,000 after purchasing an additional 7,450 shares during the period. Finally, PICTET BANK & TRUST Ltd acquired a new stake in ON during the 1st quarter valued at $280,000. 17.02% of the stock is currently owned by institutional investors and hedge funds.

ON Stock Performance


The firm's 50 day simple moving average is $17.46 and its 200-day simple moving average is $19.15. The company has a market capitalization of $11.19 billion, a price-to-earnings ratio of -45.62, a P/E/G ratio of 1.14 and a beta of 1.68.

About ON

(Get Rating)

On Holding AG develops and distributes sports products worldwide. It offers athletic footwear, apparel, and accessories. The company offers its products through independent retailers and distributors, online, and stores. On Holding AG was founded in 2010 and is headquartered in Zurich, Switzerland.

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