On Holding AG (NYSE:ONON) Receives $59.36 Average PT from Analysts

On Holding AG (NYSE:ONON) has received an average recommendation of “Moderate Buy” from the twenty-four research firms that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $59.73.

Several brokerages have commented on ONON. UBS Group reiterated a “buy” rating and set a $63.00 price target on shares of ON in a report on Friday, December 27th. Williams Trading upgraded shares of ON from a “hold” rating to a “buy” rating and lifted their target price for the stock from $40.00 to $60.00 in a report on Wednesday, November 13th. Barclays raised their price target on ON from $47.00 to $63.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. TD Cowen boosted their price objective on ON from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $67.00 target price on shares of ON in a report on Wednesday, January 15th.

Hedge Funds Weigh In On ON

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Advisors Inc. OK lifted its position in shares of ON by 5.1% during the 3rd quarter. Capital Advisors Inc. OK now owns 6,186 shares of the company’s stock worth $310,000 after buying an additional 301 shares during the period. Sage Capital Advisors llc lifted its position in shares of ON by 0.3% during the 3rd quarter. Sage Capital Advisors llc now owns 99,859 shares of the company’s stock worth $5,008,000 after buying an additional 328 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of ON by 210.5% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company’s stock worth $28,000 after buying an additional 400 shares during the period. Blue Trust Inc. lifted its position in shares of ON by 319.8% during the 3rd quarter. Blue Trust Inc. now owns 529 shares of the company’s stock worth $27,000 after buying an additional 403 shares during the period. Finally, Private Trust Co. NA bought a new position in shares of ON during the 3rd quarter worth approximately $26,000. Institutional investors own 36.39% of the company’s stock.

ON Stock Performance

NYSE:ONON opened at $59.84 on Thursday. The stock’s 50 day moving average price is $56.85 and its 200 day moving average price is $49.85. ON has a 52 week low of $26.10 and a 52 week high of $60.99. The company has a market capitalization of $37.68 billion, a P/E ratio of 139.18, a P/E/G ratio of 1.19 and a beta of 2.30.

About ON

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