ON (NYSE:ONON) Upgraded by The Goldman Sachs Group to Buy

The Goldman Sachs Group upgraded shares of ON (NYSE:ONONGet Rating) from a neutral rating to a buy rating in a research report report published on Sunday morning, The Fly reports.

ONON has been the topic of a number of other research reports. Exane BNP Paribas assumed coverage on shares of ON in a report on Wednesday, September 21st. They set an outperform rating on the stock. Credit Suisse Group cut their price target on shares of ON from $34.00 to $28.00 and set an outperform rating on the stock in a report on Thursday. Morgan Stanley boosted their price target on shares of ON from $32.00 to $34.00 and gave the company an overweight rating in a report on Wednesday, August 17th. OTR Global started coverage on shares of ON in a research note on Tuesday, July 26th. They issued a positive rating on the stock. Finally, 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 research note on Wednesday, August 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $28.45.

ON Price Performance

ONON stock opened at $16.93 on Friday. ON has a 52-week low of $15.44 and a 52-week high of $48.97. The company’s 50 day simple moving average is $17.54 and its 200-day simple moving average is $19.19. The firm has a market capitalization of $10.54 billion, a P/E ratio of -43.41, a P/E/G ratio of 1.14 and a beta of 1.68.

Institutional Trading of ON

Large investors have recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. bought a new stake in ON in the second quarter worth approximately $28,000. Russell Investments Group Ltd. bought a new stake in ON in the third quarter worth approximately $47,000. SeaCrest Wealth Management LLC bought a new stake in ON in the second quarter worth approximately $106,000. Whittier Trust Co. bought a new stake in ON in the second quarter worth approximately $126,000. Finally, Blueshift Asset Management LLC bought a new stake in ON in the first quarter worth approximately $203,000. 17.02% of the stock is owned by institutional investors.

About ON

(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.

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Analyst Recommendations for ON (NYSE:ONON)

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