On Holding AG (NYSE:ONON) Given Average Rating of “Buy” by Analysts

Shares of On Holding AG (NYSE:ONON) have received an average recommendation of “Buy” from the twenty-two analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $63.85.

ONON has been the subject of several recent analyst reports. Robert W. Baird raised their price objective on shares of ON from $63.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 14th. KeyCorp increased their price target on shares of ON from $60.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 14th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of ON in a report on Wednesday, May 14th. Needham & Company LLC raised their price target on ON from $55.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, May 14th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $65.00 target price on shares of ON in a report on Tuesday, May 13th.

ON Stock Performance

NYSE:ONON opened at $52.85 on Thursday. ON has a fifty-two week low of $34.59 and a fifty-two week high of $64.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.18 and a current ratio of 2.80. The company has a fifty day moving average of $55.23 and a two-hundred day moving average of $51.85. The stock has a market capitalization of $33.28 billion, a PE ratio of 75.51, a P/E/G ratio of 3.01 and a beta of 2.25.

Institutional Trading of ON

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ONON. Keystone Investors PTE Ltd. increased its position in shares of ON by 0.8% in the fourth quarter. Keystone Investors PTE Ltd. now owns 29,918 shares of the company’s stock worth $1,639,000 after acquiring an additional 228 shares in the last quarter. CWM LLC grew its position in shares of ON by 22.2% during the first quarter. CWM LLC now owns 1,259 shares of the company’s stock worth $55,000 after buying an additional 229 shares in the last quarter. Sage Capital Advisors llc increased its position in shares of ON by 0.3% in the 1st quarter. Sage Capital Advisors llc now owns 100,329 shares of the company’s stock worth $4,406,000 after purchasing an additional 269 shares during the last quarter. TCTC Holdings LLC increased its holdings in ON by 118.4% in the first quarter. TCTC Holdings LLC now owns 581 shares of the company’s stock valued at $26,000 after buying an additional 315 shares during the last quarter. Finally, CreativeOne Wealth LLC lifted its holdings in ON by 2.4% during the 4th quarter. CreativeOne Wealth LLC now owns 13,574 shares of the company’s stock worth $743,000 after buying an additional 323 shares during the last quarter. Hedge funds and other institutional investors own 36.39% of the company’s stock.

ON Company Profile

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores.