On Holding AG (NYSE:ONON) Receives $64.20 Consensus Target Price from Brokerages

Key Points

• On Holding AG has received an average recommendation of "Moderate Buy" from analysts, with a consensus price target of $64.20 for the stock.
• Recent price targets from various research firms indicate optimistic outlooks, with price estimates ranging from $61.00 to $69.00.
• As of now, institutional investors and hedge funds own 36.39% of On Holding AG's stock, reflecting significant interest from large players in the market.

Shares of On Holding AG (NYSE:ONON - Get Free Report) have been given an average rating of "Moderate Buy" by the twenty-two research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $64.20.

A number of equities research analysts have recently weighed in on ONON shares. Telsey Advisory Group reissued an "outperform" rating and set a $65.00 price objective on shares of ON in a report on Thursday, August 7th. UBS Group boosted their price objective on shares of ON from $75.00 to $79.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Needham & Company LLC reissued a "buy" rating and set a $62.00 price objective on shares of ON in a report on Tuesday, August 12th. Truist Financial boosted their price objective on shares of ON from $61.00 to $69.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Finally, Robert W. Baird boosted their price objective on shares of ON from $63.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, May 14th.

ON Stock Down 1.1%

NYSE ONON traded down $0.53 on Friday, hitting $45.52. The stock had a trading volume of 5,229,940 shares, compared to its average volume of 7,063,184. The business's fifty day moving average price is $48.99 and its 200 day moving average price is $49.44. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 2.00. ON has a 52-week low of $34.59 and a 52-week high of $64.05. The stock has a market cap of $28.66 billion, a price-to-earnings ratio of 101.16, a price-to-earnings-growth ratio of 6.52 and a beta of 2.23.

Institutional Investors Weigh In On ON

A number of large investors have recently made changes to their positions in the stock. Bison Wealth LLC lifted its position in ON by 35.7% during the fourth quarter. Bison Wealth LLC now owns 9,291 shares of the company's stock valued at $509,000 after purchasing an additional 2,442 shares during the period. BNP Paribas Financial Markets acquired a new position in ON during the fourth quarter valued at $39,119,000. Baird Financial Group Inc. lifted its position in ON by 66.4% during the fourth quarter. Baird Financial Group Inc. now owns 98,007 shares of the company's stock valued at $5,368,000 after purchasing an additional 39,102 shares during the period. Cetera Investment Advisers lifted its position in ON by 24.1% during the fourth quarter. Cetera Investment Advisers now owns 47,186 shares of the company's stock valued at $2,584,000 after purchasing an additional 9,176 shares during the period. Finally, Cresset Asset Management LLC lifted its position in ON by 29.5% during the fourth quarter. Cresset Asset Management LLC now owns 8,702 shares of the company's stock valued at $477,000 after purchasing an additional 1,983 shares during the period. 36.39% of the stock is owned by hedge funds and other 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.