On Holding AG (NYSE:ONON) Receives $62.45 Average Price Target from Brokerages

On Holding AG (NYSE:ONON - Get Free Report) has received a consensus recommendation of "Buy" from the twenty-four analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $62.45.

Several equities analysts have recently commented on ONON shares. Jefferies Financial Group started coverage on shares of ON in a research report on Tuesday, April 1st. They set a "hold" rating and a $44.00 price target on the stock. KeyCorp upped their target price on ON from $60.00 to $68.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 14th. Telsey Advisory Group reiterated an "outperform" rating and set a $65.00 price target on shares of ON in a research report on Tuesday, May 13th. Piper Sandler reaffirmed an "overweight" rating on shares of ON in a report on Tuesday, May 13th. Finally, Barclays set a $68.00 price target on ON in a research report on Wednesday, May 14th.

ON Stock Down 1.7%

Shares of NYSE ONON traded down $1.00 on Wednesday, hitting $58.78. The company had a trading volume of 4,226,763 shares, compared to its average volume of 4,600,075. The firm has a market capitalization of $37.01 billion, a P/E ratio of 136.70, a PEG ratio of 1.02 and a beta of 2.30. ON has a 12-month low of $34.59 and a 12-month high of $64.05. The business has a 50 day moving average of $48.41 and a two-hundred day moving average of $52.35.

Institutional Trading of ON

Several large investors have recently modified their holdings of the company. Capital Advisors Inc. OK increased its position in ON by 3.2% during the fourth quarter. Capital Advisors Inc. OK now owns 6,386 shares of the company's stock worth $350,000 after acquiring an additional 200 shares during the period. Keystone Investors PTE Ltd. grew its position in shares of ON by 0.8% during the 4th quarter. Keystone Investors PTE Ltd. now owns 29,918 shares of the company's stock worth $1,639,000 after buying an additional 228 shares during the period. CWM LLC raised its stake in ON by 22.2% during the 1st quarter. CWM LLC now owns 1,259 shares of the company's stock worth $55,000 after buying an additional 229 shares during the period. Concurrent Investment Advisors LLC raised its holdings in ON by 2.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 9,413 shares of the company's stock worth $516,000 after buying an additional 259 shares during the period. Finally, Sage Capital Advisors llc lifted its holdings in shares of ON by 0.3% in the first quarter. Sage Capital Advisors llc now owns 100,329 shares of the company's stock valued at $4,406,000 after purchasing an additional 269 shares in the last quarter. 36.39% of the stock is owned by institutional investors.

ON Company Profile

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.