Needham & Company LLC reaffirmed their buy rating on shares of ON (NYSE:ONON - Free Report) in a report issued on Wednesday morning,Benzinga reports. Needham & Company LLC currently has a $64.00 target price on the stock.
Several other research firms have also recently weighed in on ONON. Barclays upped their price target on shares of ON from $47.00 to $63.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. KeyCorp lifted their target price on shares of ON from $47.00 to $60.00 and gave the stock an "overweight" rating in a research report on Thursday, September 26th. BTIG Research upgraded shares of ON from a "neutral" rating to a "buy" rating and set a $64.00 target price on the stock in a report on Wednesday, November 13th. Williams Trading upgraded ON from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $40.00 to $60.00 in a research report on Wednesday, November 13th. Finally, Stifel Nicolaus raised their price objective on shares of ON from $60.00 to $66.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $58.50.
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ON Stock Down 0.0 %
ONON traded down $0.02 during trading on Wednesday, reaching $54.48. 2,071,934 shares of the company were exchanged, compared to its average volume of 2,689,129. The company has a market cap of $34.30 billion, a price-to-earnings ratio of 126.70 and a beta of 2.30. ON has a 12-month low of $26.03 and a 12-month high of $60.12. The company's 50-day moving average is $55.62 and its two-hundred day moving average is $48.51.
Institutional Investors Weigh In On ON
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Private Trust Co. NA purchased a new stake in shares of ON in the 3rd quarter worth $26,000. Blue Trust Inc. grew its position in shares of ON by 319.8% during the third quarter. Blue Trust Inc. now owns 529 shares of the company's stock valued at $27,000 after purchasing an additional 403 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in ON by 210.5% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company's stock worth $28,000 after acquiring an additional 400 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new position in shares of ON in the third quarter valued at $29,000. Finally, Quarry LP bought a new stake in shares of ON in the 2nd quarter worth about $32,000. Hedge funds and other institutional investors own 36.39% of the company's stock.
ON Company Profile
(
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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.
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