On Holding AG (NYSE:ONON) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• On Holding AG (NYSE:ONON) has received a consensus rating of “Moderate Buy” from 24 research firms, with 19 analysts issuing buy recommendations and 3 recommending a sell.
• The average price target for the stock among brokerages over the last year is $63.10, while UBS raised their price target from $75.00 to $79.00.
• In its latest earnings report, the company missed EPS estimates with a loss of ($0.11), despite a significant revenue increase of 32.0% year-over-year, reporting $944.29 million.

Shares of On Holding AG (NYSE:ONON - Get Free Report) have earned an average rating of "Moderate Buy" from the twenty-four research firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation, nineteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $63.10.

ONON has been the subject of several research analyst reports. Jefferies Financial Group set a $40.00 price objective on ON and gave the stock an "underperform" rating in a report on Wednesday, August 13th. Needham & Company LLC reaffirmed a "buy" rating and issued a $62.00 target price on shares of ON in a report on Tuesday, August 12th. UBS Group lifted their price target on ON from $75.00 to $79.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Zacks Research downgraded ON from a "hold" rating to a "strong sell" rating in a report on Monday, October 13th. Finally, Morgan Stanley lifted their target price on ON from $62.00 to $65.00 and gave the company an "overweight" rating in a research report on Wednesday, August 13th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ONON. Winslow Capital Management LLC acquired a new position in ON in the second quarter valued at approximately $248,113,000. Sands Capital Management LLC purchased a new stake in shares of ON during the second quarter worth approximately $240,177,000. Jennison Associates LLC boosted its stake in shares of ON by 136.6% in the first quarter. Jennison Associates LLC now owns 4,848,438 shares of the company's stock valued at $212,943,000 after buying an additional 2,798,794 shares in the last quarter. Norges Bank acquired a new position in ON during the second quarter worth about $138,641,000. Finally, Alliancebernstein L.P. raised its stake in shares of ON by 13.9% during the 1st quarter. Alliancebernstein L.P. now owns 19,794,811 shares of the company's stock worth $869,388,000 after buying an additional 2,416,534 shares during the last quarter. Institutional investors and hedge funds own 36.39% of the company's stock.

ON Stock Down 3.5%

Shares of NYSE ONON opened at $41.73 on Friday. ON has a 52 week low of $34.59 and a 52 week high of $64.05. The company has a quick ratio of 2.00, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The company has a market cap of $26.27 billion, a P/E ratio of 92.72, a P/E/G ratio of 5.37 and a beta of 2.19. The business has a 50-day simple moving average of $43.74 and a two-hundred day simple moving average of $48.67.

ON (NYSE:ONON - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.35). ON had a net margin of 4.45% and a return on equity of 8.75%. The business had revenue of $944.29 million for the quarter, compared to the consensus estimate of $707.74 million. During the same quarter in the previous year, the business earned $0.14 earnings per share. The firm's revenue was up 32.0% on a year-over-year basis. ON has set its FY 2025 guidance at EPS. Research analysts anticipate that ON will post 0.66 earnings per share for the current fiscal year.

About ON

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.

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