On Holding AG (NYSE:ONON - Get Free Report) has earned an average rating of "Buy" from the twenty-three analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $58.77.
A number of brokerages have recently issued reports on ONON. KeyCorp dropped their target price on shares of ON from $68.00 to $60.00 and set an "overweight" rating on the stock in a report on Tuesday. Bank of America initiated coverage on shares of ON in a report on Tuesday, January 7th. They set a "buy" rating and a $73.00 target price on the stock. Hsbc Global Res raised ON from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. Piper Sandler cut their target price on ON from $62.00 to $55.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, Morgan Stanley raised their price target on shares of ON from $62.00 to $66.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th.
View Our Latest Stock Analysis on ON
Hedge Funds Weigh In On ON
Institutional investors have recently modified their holdings of the company. Strategic Financial Concepts LLC bought a new position in ON during the 4th quarter valued at $30,000. Park Square Financial Group LLC purchased a new stake in ON during the 4th quarter worth about $32,000. MassMutual Private Wealth & Trust FSB bought a new position in ON in the 1st quarter valued at $32,000. Legacy Bridge LLC purchased a new position in shares of ON during the fourth quarter worth about $43,000. Finally, Bernard Wealth Management Corp. purchased a new position in ON in the fourth quarter worth $44,000. 36.39% of the stock is owned by institutional investors and hedge funds.
ON Stock Performance
NYSE:ONON opened at $48.86 on Friday. ON has a 52-week low of $29.84 and a 52-week high of $64.05. The company has a market cap of $30.76 billion, a P/E ratio of 113.63, a P/E/G ratio of 1.02 and a beta of 2.32. The stock's 50-day simple moving average is $45.18 and its 200 day simple moving average is $51.40.
ON Company Profile
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Get Free ReportOn Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own high-end stores.
Further Reading
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