UBS Group Issues Positive Forecast for ON (NYSE:ONON) Stock Price

ON (NYSE:ONON - Get Free Report) had its target price lifted by stock analysts at UBS Group from $56.00 to $59.00 in a report issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's target price points to a potential upside of 26.66% from the company's previous close.

ONON has been the topic of several other research reports. 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 report on Wednesday, February 12th. Needham & Company LLC cut their price target on shares of ON from $64.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $67.00 price objective on shares of ON in a research note on Tuesday, April 1st. Barclays increased their target price on shares of ON from $63.00 to $64.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group started coverage on ON in a research report on Tuesday, April 1st. They issued a "hold" rating and a $44.00 price target for the company. Two analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $59.14.

ON Trading Up 3.4 %

NYSE ONON traded up $1.55 on Monday, reaching $46.58. The stock had a trading volume of 5,068,195 shares, compared to its average volume of 4,684,423. ON has a 1 year low of $29.84 and a 1 year high of $64.05. The business has a 50 day moving average price of $45.37 and a 200 day moving average price of $51.49. The company has a market capitalization of $29.33 billion, a price-to-earnings ratio of 108.33, a P/E/G ratio of 1.02 and a beta of 2.32.

Institutional Trading of ON

Several large investors have recently made changes to their positions in ONON. Capital Advisors Inc. OK lifted its position in shares of 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 purchasing an additional 200 shares in the last quarter. Keystone Investors PTE Ltd. increased its stake in shares of ON by 0.8% in the 4th quarter. Keystone Investors PTE Ltd. now owns 29,918 shares of the company's stock valued at $1,639,000 after buying an additional 228 shares during the period. Concurrent Investment Advisors LLC raised its position in shares of ON by 2.8% during the fourth quarter. Concurrent Investment Advisors LLC now owns 9,413 shares of the company's stock worth $516,000 after acquiring an additional 259 shares during the last quarter. Sage Capital Advisors llc lifted its stake in shares of ON by 0.3% during the first quarter. Sage Capital Advisors llc now owns 100,329 shares of the company's stock valued at $4,406,000 after acquiring an additional 269 shares during the period. Finally, CreativeOne Wealth LLC boosted its holdings in ON by 2.4% in the fourth quarter. CreativeOne Wealth LLC now owns 13,574 shares of the company's stock valued at $743,000 after acquiring an additional 323 shares during the last quarter. Institutional investors own 36.39% of the company's stock.

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, 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.

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