ON (ONON) Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ON in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ONON shares.
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14 Wall Street research analysts have issued twelve-month price targets for ON's stock. Their ONON share price forecasts range from $19.30 to $42.00. On average, they predict the company's share price to reach $29.94 in the next year. This suggests a possible upside of 9.8% from the stock's current price.
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ON's stock was trading at $17.16 at the beginning of 2023. Since then, ONON shares have increased by 58.9% and is now trading at $27.26.
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ON saw a drop in short interest in the month of April. As of April 30th, there was short interest totaling 15,010,000 shares, a drop of 21.0% from the April 15th total of 19,000,000 shares. Based on an average trading volume of 4,220,000 shares, the days-to-cover ratio is currently 3.6 days. Approximately 8.1% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 15th 2023.
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On Holding AG (NYSE:ONON) posted its quarterly earnings results on Tuesday, May, 16th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.07. The firm earned $420.20 million during the quarter, compared to analysts' expectations of $381.62 million. ON had a net margin of 6.13% and a trailing twelve-month return on equity of 8.78%. The company's quarterly revenue was up 78.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.04 earnings per share.

ETFs with the largest weight of ON (NYSE:ONON) stock in their portfolio include Global X Health & Wellness ETF (BFIT), Innovator IBD 50 ETF (FFTY), Long Cramer Tracker ETF (LJIM), Renaissance IPO ETF (IPO), First Trust IPOX Europe Equity Opportunities ETF (FPXE), Innovator IBD Breakout Opportunities ETF (BOUT), iShares U.S. Small Cap Equity Factor ETF (SMLF) and Fidelity Blue Chip Growth ETF (FBCG).

ON updated its FY 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.88B-, compared to the consensus revenue estimate of $1.93 billion.

(ONON) raised $591 million in an initial public offering (IPO) on Wednesday, September 15th 2021. The company issued 31,100,000 shares at $18.00-$20.00 per share.

ON trades on the New York Stock Exchange (NYSE) under the ticker symbol "ONON."

ON's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include FMR LLC (4.49%), Macquarie Group Ltd. (0.99%), Jennison Associates LLC (0.82%), Two Sigma Investments LP (0.58%), Hhlr Advisors LTD. (0.52%) and 1832 Asset Management L.P. (0.41%).

Shares of ONON stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ONON stock can currently be purchased for approximately $27.26.

ON (NYSE:ONON) has a market capitalization of $17.10 billion and generates $1.41 billion in revenue each year. The company earns $60.46 million in net income (profit) each year or $0.29 on an earnings per share basis.

The company employs 1,701 workers across the globe.

ON's mailing address is PFINGSTWEIDSTRASSE 106, ZURICH V8, 8005. The official website for the company is www.on-running.com. The company can be reached via phone at 41-44-225-1555.