ON (NYSE:ONON) Price Target Lowered to $60.00 at KeyCorp

ON (NYSE:ONON - Get Free Report) had its price objective dropped by investment analysts at KeyCorp from $68.00 to $60.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. KeyCorp's target price points to a potential upside of 22.80% from the company's current price.

ONON has been the topic of a number of other reports. Piper Sandler reduced their price target on shares of ON from $62.00 to $55.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Morgan Stanley increased their target price on shares of ON from $62.00 to $66.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. HSBC raised shares of ON from a "hold" rating to a "buy" rating and set a $58.00 price target for the company in a research note on Tuesday, March 11th. UBS Group raised their price objective on ON from $56.00 to $59.00 and gave the company a "buy" rating in a research note on Monday, April 28th. Finally, TD Cowen boosted their target price on ON from $65.00 to $66.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $58.77.

ON Price Performance

NYSE ONON traded up $1.14 during trading on Tuesday, reaching $48.86. The company's stock had a trading volume of 4,174,651 shares, compared to its average volume of 4,707,086. The stock has a market capitalization of $30.76 billion, a PE ratio of 113.63, a P/E/G ratio of 1.02 and a beta of 2.32. The firm has a fifty day moving average of $45.18 and a 200 day moving average of $51.42. ON has a one year low of $29.84 and a one year high of $64.05.

Institutional Investors Weigh In On ON

Several hedge funds and other institutional investors have recently bought and sold shares of ONON. Wilmington Savings Fund Society FSB purchased a new position in shares of ON in the 3rd quarter valued at approximately $259,000. Lord Abbett & CO. LLC grew its position in ON by 338.3% in the 3rd quarter. Lord Abbett & CO. LLC now owns 594,901 shares of the company's stock valued at $29,834,000 after buying an additional 459,157 shares during the last quarter. Principal Financial Group Inc. increased its stake in ON by 96.5% in the 3rd quarter. Principal Financial Group Inc. now owns 101,784 shares of the company's stock valued at $5,104,000 after buying an additional 49,995 shares during the period. Central Pacific Bank Trust Division raised its position in ON by 12.7% during the 4th quarter. Central Pacific Bank Trust Division now owns 10,333 shares of the company's stock worth $566,000 after buying an additional 1,161 shares during the last quarter. Finally, Diversified Trust Co acquired a new stake in shares of ON in the 4th quarter worth $995,000. 36.39% of the stock is currently owned by institutional investors and hedge funds.

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, 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.