ON’s (ONON) “Buy” Rating Reaffirmed at BTIG Research

BTIG Research reissued their buy rating on shares of ON (NYSE:ONON) in a report issued on Thursday,Benzinga reports. BTIG Research currently has a $70.00 target price on the stock.

Several other brokerages also recently commented on ONON. Raymond James Financial dropped their target price on ON from $66.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, October 21st. Weiss Ratings reissued a “sell (d+)” rating on shares of ON in a research report on Thursday, January 22nd. Bank of America upped their target price on shares of ON from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. The Goldman Sachs Group lifted their price target on shares of ON from $50.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, November 13th. Finally, Citigroup lowered shares of ON from a “buy” rating to a “mixed” rating in a report on Tuesday, October 28th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, ON has a consensus rating of “Moderate Buy” and an average target price of $59.86.

ON Stock Performance

Shares of ONON stock opened at $44.82 on Thursday. The company has a current ratio of 2.55, a quick ratio of 2.05 and a debt-to-equity ratio of 0.28. The company has a market cap of $28.14 billion, a PE ratio of 58.20, a P/E/G ratio of 1.35 and a beta of 2.15. The company’s fifty day simple moving average is $46.55 and its 200-day simple moving average is $45.10. ON has a 52 week low of $34.38 and a 52 week high of $64.05.

Institutional Trading of ON

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Washington Trust Advisors Inc. bought a new stake in shares of ON in the 2nd quarter valued at approximately $29,000. United Financial Planning Group LLC acquired a new position in ON in the third quarter worth $42,000. Horizon Investments LLC bought a new stake in ON during the third quarter valued at $44,000. GAMMA Investing LLC raised its holdings in shares of ON by 5,888.9% during the third quarter. GAMMA Investing LLC now owns 1,078 shares of the company’s stock worth $46,000 after purchasing an additional 1,060 shares during the period. Finally, Signaturefd LLC raised its holdings in shares of ON by 137.4% during the fourth quarter. Signaturefd LLC now owns 1,244 shares of the company’s stock worth $58,000 after purchasing an additional 720 shares during the period. 36.39% of the stock is owned by institutional investors.

ON News Summary

Here are the key news stories impacting ON this week:

• Positive Sentiment: Multiple analyst reaffirmations with higher price targets that could support upside: BTIG reiterated a “buy” with a $70 target (largest upside), Telsey kept an “outperform” with $65, and Needham reaffirmed “buy” with $52 — these raise upside expectations and can lift sentiment. BTIG Article Other Analyst Coverage
• Positive Sentiment: On named veteran consumer executive Frank Sluis as its new CFO — a management hire that investors often view positively because it can improve execution, investor communication and financial planning. Business Wire: CFO Appointment
• Neutral Sentiment: Coverage and commentary are now re-assessing On’s valuation relative to its growth narrative — the company has a high P/E (~58) and a PEG ~1.35, so while growth supports premium multiples, valuation is a key focus for investors deciding on new positions. Yahoo: Valuation Assessment
• Negative Sentiment: Shares are under short-term pressure and recently fell more than the broader market in the latest session; price sits below the 50‑day and roughly at the 200‑day moving average, which may signal technical weakness for short‑term traders. Zacks: Short‑term Dip

ON Company Profile

On Holding AG, commonly known as On, is a Swiss performance footwear and apparel company headquartered in Zurich. Founded in 2010, the company designs, develops and sells running shoes, performance apparel and accessories for road, trail and everyday use. On’s product philosophy centers on engineered cushioning and responsiveness intended to serve both serious athletes and lifestyle consumers.

On is best known for its proprietary midsole technology and distinctive sole architecture, marketed under names such as the Cloud family of shoes and related performance lines.