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

On Holding AG (NYSE:ONON) has received a consensus rating of “Moderate Buy” from the twenty-two research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, nineteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $64.20.

Several research analysts recently weighed in on the stock. Morgan Stanley lifted their price objective on shares of ON from $62.00 to $65.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 13th. Truist Financial raised their target price on shares of ON from $61.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, May 14th. Needham & Company LLC restated a “buy” rating and set a $62.00 target price on shares of ON in a report on Tuesday, August 12th. KeyCorp raised their target price on shares of ON from $60.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, May 14th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $65.00 target price on shares of ON in a report on Thursday, August 7th.

Institutional Trading of ON

Several hedge funds have recently bought and sold shares of ONON. Montag A & Associates Inc. acquired a new stake in ON during the 1st quarter worth approximately $26,000. TCTC Holdings LLC raised its holdings in ON by 118.4% during the 1st quarter. TCTC Holdings LLC now owns 581 shares of the company’s stock worth $26,000 after buying an additional 315 shares during the period. Washington Trust Advisors Inc. acquired a new stake in ON during the 2nd quarter worth approximately $29,000. Park Square Financial Group LLC acquired a new stake in ON during the 4th quarter worth approximately $32,000. Finally, MassMutual Private Wealth & Trust FSB acquired a new stake in shares of ON in the first quarter valued at approximately $32,000. 36.39% of the stock is currently owned by institutional investors and hedge funds.

ON Stock Up 2.8%

ON stock opened at $46.06 on Friday. The company’s 50 day simple moving average is $49.13 and its 200 day simple moving average is $49.51. ON has a fifty-two week low of $34.59 and a fifty-two week high of $64.05. The firm has a market capitalization of $29.00 billion, a price-to-earnings ratio of 102.35, a PEG ratio of 4.94 and a beta of 2.23. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 2.00.

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.