On Holding AG (NYSE:ONON) Receives $59.73 Consensus Price Target from Brokerages

On Holding AG (NYSE:ONON - Get Free Report) has been given an average recommendation of "Moderate Buy" by the twenty-four brokerages that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, eighteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $59.73.

Several research analysts recently issued reports on the company. The Goldman Sachs Group lowered ON from a "buy" rating to a "neutral" rating and set a $57.00 target price for the company. in a research report on Wednesday, February 12th. Barclays increased their price target on ON from $47.00 to $63.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. Morgan Stanley boosted their price objective on ON from $62.00 to $65.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. UBS Group restated a "buy" rating and set a $63.00 target price on shares of ON in a research report on Friday, December 27th. Finally, Stifel Nicolaus upped their target price on ON from $60.00 to $66.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th.

Institutional Investors Weigh In On ON

Several large investors have recently added to or reduced their stakes in the business. GF Fund Management CO. LTD. bought a new stake in ON during the fourth quarter valued at $5,995,000. Public Employees Retirement System of Ohio bought a new stake in ON during the fourth quarter worth about $9,093,000. RB Capital Management LLC lifted its stake in ON by 17.7% during the fourth quarter. RB Capital Management LLC now owns 26,396 shares of the company's stock worth $1,446,000 after purchasing an additional 3,970 shares during the last quarter. Orion Capital Management LLC bought a new stake in ON during the fourth quarter worth about $120,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in ON during the fourth quarter worth about $358,000. Institutional investors own 36.39% of the company's stock.

ON Trading Down 1.8 %

NYSE:ONON traded down $0.94 during trading hours on Monday, hitting $51.13. 4,248,714 shares of the company were exchanged, compared to its average volume of 3,775,858. The stock has a market capitalization of $32.20 billion, a price-to-earnings ratio of 118.92, a price-to-earnings-growth ratio of 1.07 and a beta of 2.30. ON has a one year low of $27.37 and a one year high of $64.05. The company has a fifty day simple moving average of $56.68 and a 200 day simple moving average of $51.84.

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, 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.