Investment Analysts’ Weekly Ratings Updates for ON (ONON)

ON (NYSE: ONON) recently received a number of ratings updates from brokerages and research firms:

  • 5/9/2022 – ON is now covered by analysts at Bank of America Co.. They set an “underperform” rating and a $16.00 price target on the stock.
  • 4/28/2022 – ON was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “On Holding AG operates as a holding company. The Company, through its subsidiaries, provides footwear and sports apparel product includes ultralight and stretchable fabrics and accessories. On Holding AG is based in ZURICH. “
  • 4/28/2022 – ON had its “neutral” rating reaffirmed by analysts at Wedbush.
  • 4/22/2022 – ON was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “On Holding AG operates as a holding company. The Company, through its subsidiaries, provides footwear and sports apparel product includes ultralight and stretchable fabrics and accessories. On Holding AG is based in ZURICH. “
  • 4/19/2022 – ON is now covered by analysts at Berenberg Bank. They set a “buy” rating and a $31.00 price target on the stock.
  • 4/16/2022 – ON was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “On Holding AG operates as a holding company. The Company, through its subsidiaries, provides footwear and sports apparel product includes ultralight and stretchable fabrics and accessories. On Holding AG is based in ZURICH. “
  • 4/8/2022 – ON was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “On Holding AG operates as a holding company. The Company, through its subsidiaries, provides footwear and sports apparel product includes ultralight and stretchable fabrics and accessories. On Holding AG is based in ZURICH. “
  • 3/23/2022 – ON was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $30.00 price target on the stock. According to Zacks, “On Holding AG operates as a holding company. The Company, through its subsidiaries, provides footwear and sports apparel product includes ultralight and stretchable fabrics and accessories. On Holding AG is based in ZURICH. “
  • 3/21/2022 – ON had its price target lowered by analysts at Morgan Stanley from $41.00 to $38.00. They now have an “overweight” rating on the stock.
  • 3/21/2022 – ON had its price target lowered by analysts at UBS Group AG from $55.00 to $50.00. They now have a “buy” rating on the stock.
  • 3/16/2022 – ON had its price target lowered by analysts at Telsey Advisory Group from $53.00 to $39.00. They now have an “outperform” rating on the stock.

Shares of NYSE:ONON opened at $19.02 on Friday. On Holding AG has a 1 year low of $16.38 and a 1 year high of $55.87. The stock’s fifty day moving average price is $24.31 and its 200-day moving average price is $30.31.

ON (NYSE:ONONGet Rating) last issued its earnings results on Friday, March 18th. The company reported ($0.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.04). The business had revenue of $207.32 million during the quarter, compared to analyst estimates of $195.28 million. On average, research analysts predict that On Holding AG will post -0.15 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hodges Capital Management Inc. lifted its holdings in ON by 33.9% in the 1st quarter. Hodges Capital Management Inc. now owns 518,321 shares of the company’s stock worth $13,082,000 after buying an additional 131,189 shares in the last quarter. First Dallas Securities Inc. lifted its holdings in ON by 146.6% during the 1st quarter. First Dallas Securities Inc. now owns 16,400 shares of the company’s stock valued at $414,000 after purchasing an additional 9,750 shares during the last quarter. Connable Office Inc. acquired a new stake in shares of ON during the 1st quarter worth approximately $319,000. BlackRock Inc. lifted its position in shares of ON by 51.7% in the first quarter. BlackRock Inc. now owns 2,720,183 shares of the company’s stock worth $68,656,000 after purchasing an additional 926,847 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in shares of ON by 982.6% in the first quarter. Citigroup Inc. now owns 30,128 shares of the company’s stock valued at $760,000 after purchasing an additional 27,345 shares during the last quarter. 18.45% of the stock is currently owned by hedge funds and other institutional investors.

On Holding AG develops and distributes sports products worldwide. It offers athletic footwear, apparel, and accessories. The company offers its products through independent retailers and distributors, online, and stores. On Holding AG was founded in 2010 and is headquartered in Zurich, Switzerland.

See Also

Receive News & Ratings for On Holding AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for On Holding AG and related companies with MarketBeat.com's FREE daily email newsletter.