On Holding AG (NYSE:ONON - Get Free Report) has received a consensus rating of "Moderate Buy" from the twenty-four ratings firms that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, nineteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $59.73.
ONON has been the topic of a number of recent analyst reports. UBS Group reissued a "buy" rating and issued a $63.00 price objective on shares of ON in a research note on Friday, December 27th. BTIG Research raised ON from a "neutral" rating to a "buy" rating and set a $64.00 price objective on the stock in a research note on Wednesday, November 13th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $67.00 price target on shares of ON in a research note on Wednesday, January 15th. Truist Financial upped their price target on ON from $58.00 to $61.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Finally, Morgan Stanley upped their price target on ON from $62.00 to $65.00 and gave the company an "overweight" rating in a research note on Tuesday.
View Our Latest Analysis on ONON
ON Stock Performance
ON stock traded up $1.94 on Thursday, reaching $60.50. The company's stock had a trading volume of 3,570,052 shares, compared to its average volume of 3,049,422. The company has a market cap of $38.09 billion, a price-to-earnings ratio of 140.69, a PEG ratio of 1.23 and a beta of 2.30. The business's fifty day moving average price is $56.37 and its 200 day moving average price is $49.28. ON has a twelve month low of $26.03 and a twelve month high of $60.69.
Institutional Investors Weigh In On ON
Several large investors have recently modified their holdings of the business. R Squared Ltd bought a new position in shares of ON during the fourth quarter worth about $154,000. Legacy Bridge LLC bought a new position in shares of ON during the fourth quarter worth about $43,000. Blue Trust Inc. grew its holdings in shares of ON by 148.8% during the fourth quarter. Blue Trust Inc. now owns 1,316 shares of the company's stock worth $66,000 after buying an additional 787 shares in the last quarter. Bennett Selby Investments LP grew its holdings in shares of ON by 7.8% during the fourth quarter. Bennett Selby Investments LP now owns 21,849 shares of the company's stock worth $1,197,000 after buying an additional 1,578 shares in the last quarter. Finally, Capricorn Fund Managers Ltd bought a new position in shares of ON during the fourth quarter worth about $3,536,000. 36.39% of the stock is currently owned by institutional investors.
ON Company Profile
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Get Free ReportOn 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.
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