On Holding AG (NYSE:ONON) Receives Consensus Recommendation of “Moderate Buy” from Analysts

On Holding AG (NYSE:ONONGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $35.89.

A number of research analysts recently issued reports on the stock. TheStreet lowered shares of ON from a “c” rating to a “d+” rating in a report on Monday, March 18th. Morgan Stanley lowered their price objective on shares of ON from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, March 13th. Redburn Atlantic reissued a “neutral” rating and issued a $34.00 price target on shares of ON in a research report on Thursday, March 7th. Stifel Nicolaus reaffirmed a “buy” rating and set a $40.00 price objective on shares of ON in a report on Tuesday, March 5th. Finally, Truist Financial lifted their target price on ON from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Wednesday, March 13th.

View Our Latest Stock Analysis on ONON

Institutional Investors Weigh In On ON

A number of hedge funds have recently made changes to their positions in ONON. Spire Wealth Management raised its stake in shares of ON by 91.0% in the third quarter. Spire Wealth Management now owns 972 shares of the company’s stock worth $27,000 after purchasing an additional 463 shares during the last quarter. Belpointe Asset Management LLC grew its holdings in ON by 75.3% during the first quarter. Belpointe Asset Management LLC now owns 1,057 shares of the company’s stock worth $33,000 after acquiring an additional 454 shares during the period. VisionPoint Advisory Group LLC acquired a new stake in ON in the fourth quarter valued at approximately $32,000. Orion Capital Management LLC lifted its position in shares of ON by 1,100.0% in the fourth quarter. Orion Capital Management LLC now owns 1,200 shares of the company’s stock valued at $32,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. purchased a new position in ON during the fourth quarter worth approximately $33,000. 33.11% of the stock is currently owned by hedge funds and other institutional investors.

ON Trading Up 1.8 %

ONON opened at $35.38 on Friday. The company’s 50 day moving average is $31.31 and its 200-day moving average is $28.84. ON has a 1-year low of $23.41 and a 1-year high of $37.08. The company has a market cap of $22.25 billion, a P/E ratio of 131.02, a PEG ratio of 1.33 and a beta of 2.18.

About ON

(Get Free Report

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. The company was founded in 2010 and is headquartered in Zurich, Switzerland.

Further Reading

Analyst Recommendations for ON (NYSE:ONON)

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