ON (ONON) Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ON in the last year. There are currently 2 sell ratings, 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ONON shares.
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14 brokerages have issued 1-year price targets for ON's stock. Their ONON share price forecasts range from $19.30 to $42.00. On average, they expect the company's share price to reach $29.94 in the next year. This suggests a possible upside of 7.0% from the stock's current price.
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ON's stock was trading at $17.16 on January 1st, 2023. Since then, ONON shares have increased by 63.0% and is now trading at $27.97.
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ON saw a decrease in short interest in April. As of April 30th, there was short interest totaling 15,010,000 shares, a decrease of 21.0% from the April 15th total of 19,000,000 shares. Based on an average daily trading volume, of 4,220,000 shares, the short-interest ratio is currently 3.6 days. Approximately 8.1% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 15th 2023.
View our ONON earnings forecast.

On Holding AG (NYSE:ONON) announced its quarterly earnings data on Tuesday, May, 16th. The company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.07. The firm earned $420.20 million during the quarter, compared to analyst estimates 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 revenue for the quarter was up 78.3% on a year-over-year basis. During the same period in the prior year, the firm 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 a price of $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 many different retail and institutional investors. Top institutional investors 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 $27.97.

ON (NYSE:ONON) has a market capitalization of $17.55 billion and generates $1.28 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.