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On Holding AG (NYSE:ONON) Given Consensus Rating of "Moderate Buy" by Analysts

ON logo with Retail/Wholesale background

Key Points

  • On Holding AG (NYSE:ONON) has received a consensus rating of “Moderate Buy” from 22 research firms, with one analyst assigning a strong buy recommendation.
  • The average twelve-month price target for ONON is $64.00, with individual analysts setting target prices ranging from $60.00 to $68.00.
  • Institutional investors increased their stakes in On Holding, with notable increases from Kestra Private Wealth Services LLC (151.2%) and BNP Paribas Financial Markets (new position worth $39.1 million).
  • Want stock alerts on ON? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shares of On Holding AG (NYSE:ONON - Get Free Report) have received a consensus rating of "Moderate Buy" from the twenty-two research firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, nineteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $64.00.

Several analysts have issued reports on ONON shares. Morgan Stanley lowered their target price on ON from $66.00 to $62.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Barclays set a $68.00 target price on ON in a research note on Wednesday, May 14th. Cowen restated a "buy" rating on shares of ON in a research note on Wednesday, May 14th. Telsey Advisory Group restated an "outperform" rating and issued a $65.00 target price on shares of ON in a research note on Thursday. Finally, KeyCorp boosted their target price on ON from $60.00 to $68.00 and gave the company an "overweight" rating in a research note on Wednesday, May 14th.

Check Out Our Latest Stock Report on ON

Hedge Funds Weigh In On ON

Institutional investors have recently added to or reduced their stakes in the business. Kestra Private Wealth Services LLC increased its stake in ON by 151.2% in the 1st quarter. Kestra Private Wealth Services LLC now owns 18,878 shares of the company's stock worth $829,000 after acquiring an additional 11,362 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in ON in the fourth quarter worth $39,119,000. APEIRON CAPITAL Ltd grew its position in ON by 35.9% in the first quarter. APEIRON CAPITAL Ltd now owns 999,125 shares of the company's stock worth $43,882,000 after acquiring an additional 264,000 shares in the last quarter. OneDigital Investment Advisors LLC grew its position in ON by 9.5% in the first quarter. OneDigital Investment Advisors LLC now owns 6,282 shares of the company's stock worth $276,000 after acquiring an additional 544 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of ON in the 4th quarter worth about $28,575,000. 36.39% of the stock is currently owned by institutional investors.

ON Stock Performance

Shares of ONON opened at $45.61 on Monday. The firm has a market cap of $28.72 billion, a PE ratio of 65.16, a PEG ratio of 2.60 and a beta of 2.24. The stock's fifty day moving average price is $52.56 and its two-hundred day moving average price is $51.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.80 and a quick ratio of 2.18. ON has a 1 year low of $34.59 and a 1 year high of $64.05.

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

See Also

Analyst Recommendations for ON (NYSE:ONON)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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