ON (NYSE:ONON) Now Covered by Analysts at BNP Paribas

BNP Paribas initiated coverage on shares of ON (NYSE:ONONGet Rating) in a report released on Wednesday morning, MarketBeat reports. The brokerage issued an outperform rating on the stock.

ONON has been the topic of several other reports. Robert W. Baird upped their price objective on shares of ON from $28.00 to $31.00 and gave the company an outperform rating in a report on Wednesday, August 17th. Stifel Nicolaus increased their price target on shares of ON from $28.00 to $31.00 in a report on Tuesday, August 16th. Morgan Stanley increased their price target on shares of ON from $32.00 to $34.00 and gave the stock an overweight rating in a report on Wednesday, August 17th. Piper Sandler reissued an initiates rating on shares of ON in a report on Tuesday, July 26th. Finally, UBS Group increased their price target on shares of ON from $25.00 to $35.00 and gave the stock a buy rating in a report on Wednesday, August 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, ON currently has an average rating of Moderate Buy and a consensus target price of $31.08.

ON Stock Up 0.1 %

NYSE ONON opened at $17.74 on Wednesday. The company has a market cap of $11.04 billion and a PE ratio of -43.27. ON has a 52 week low of $16.16 and a 52 week high of $55.87. The firm’s 50-day simple moving average is $20.68 and its two-hundred day simple moving average is $21.47.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Verition Fund Management LLC bought a new position in ON during the second quarter valued at approximately $591,000. Great Point Wealth Advisors LLC grew its position in ON by 900.0% during the second quarter. Great Point Wealth Advisors LLC now owns 141,250 shares of the company’s stock valued at $2,499,000 after acquiring an additional 127,125 shares during the last quarter. ExodusPoint Capital Management LP grew its position in ON by 146.4% during the second quarter. ExodusPoint Capital Management LP now owns 62,331 shares of the company’s stock valued at $1,103,000 after acquiring an additional 37,036 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in ON by 31.5% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 108,518 shares of the company’s stock valued at $1,925,000 after acquiring an additional 25,995 shares during the last quarter. Finally, Macquarie Group Ltd. grew its position in ON by 25.2% during the second quarter. Macquarie Group Ltd. now owns 8,289,119 shares of the company’s stock valued at $146,635,000 after acquiring an additional 1,670,574 shares during the last quarter. 17.02% of the stock is currently owned by institutional investors.

ON Company Profile

(Get Rating)

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.

Further Reading

Analyst Recommendations for ON (NYSE:ONON)

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