Telsey Advisory Group Reiterates Outperform Rating for ON (NYSE:ONON)

ON (NYSE:ONON - Get Free Report)'s stock had its "outperform" rating reissued by stock analysts at Telsey Advisory Group in a research report issued on Tuesday,Benzinga reports. They presently have a $65.00 price target on the stock. Telsey Advisory Group's target price would suggest a potential upside of 8.72% from the stock's current price.

A number of other research firms have also commented on ONON. Needham & Company LLC lifted their price objective on shares of ON from $50.00 to $55.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. UBS Group lifted their price objective on shares of ON from $56.00 to $59.00 and gave the company a "buy" rating in a research note on Monday, April 28th. The Goldman Sachs Group lowered shares of ON from a "buy" rating to a "neutral" rating and set a $57.00 price objective on the stock. in a research note on Wednesday, February 12th. Williams Trading lifted their price objective on shares of ON from $60.00 to $62.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Finally, Citigroup upgraded shares of ON from a "neutral" rating to a "buy" rating and dropped their price objective for the company from $65.00 to $60.00 in a research note on Monday, April 28th. Two research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $61.73.

ON Stock Performance

NYSE ONON traded down $0.47 during trading on Tuesday, reaching $59.79. The company's stock had a trading volume of 6,104,026 shares, compared to its average volume of 4,640,325. The firm has a market cap of $37.64 billion, a price-to-earnings ratio of 139.04, a P/E/G ratio of 1.02 and a beta of 2.30. ON has a twelve month low of $34.59 and a twelve month high of $64.05. The business's fifty day moving average price is $46.16 and its 200-day moving average price is $51.70.

Institutional Trading of ON

A number of institutional investors have recently added to or reduced their stakes in ONON. Capital Advisors Inc. OK lifted its holdings in shares of ON by 3.2% in the fourth quarter. Capital Advisors Inc. OK now owns 6,386 shares of the company's stock valued at $350,000 after purchasing an additional 200 shares in the last quarter. Keystone Investors PTE Ltd. lifted its holdings in shares of ON by 0.8% in the fourth quarter. Keystone Investors PTE Ltd. now owns 29,918 shares of the company's stock valued at $1,639,000 after purchasing an additional 228 shares in the last quarter. CWM LLC lifted its holdings in shares of ON by 22.2% in the first quarter. CWM LLC now owns 1,259 shares of the company's stock valued at $55,000 after purchasing an additional 229 shares in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of ON by 2.8% in the fourth quarter. Concurrent Investment Advisors LLC now owns 9,413 shares of the company's stock valued at $516,000 after purchasing an additional 259 shares in the last quarter. 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. Hedge funds and other institutional investors own 36.39% of the company's stock.

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.