On Holding AG (NYSE:ONON - Get Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as $62.37 and last traded at $62.52, with a volume of 1690873 shares traded. The stock had previously closed at $59.90.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on ONON shares. Williams Trading raised shares of ON from a "hold" rating to a "buy" rating and lifted their price objective for the company from $40.00 to $60.00 in a report on Wednesday, November 13th. Needham & Company LLC reiterated a "buy" rating and issued a $64.00 price target on shares of ON in a report on Wednesday, January 15th. Barclays upped their price objective on ON from $47.00 to $63.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. The Goldman Sachs Group lifted their target price on ON from $50.00 to $57.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Finally, Robert W. Baird increased their price target on shares of ON from $55.00 to $63.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $59.73.
View Our Latest Analysis on ON
ON Stock Down 2.4 %
The stock has a 50-day moving average of $57.40 and a 200 day moving average of $50.52. The stock has a market cap of $36.81 billion, a PE ratio of 136.17, a price-to-earnings-growth ratio of 1.21 and a beta of 2.30.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in ONON. VisionPoint Advisory Group LLC purchased a new stake in shares of ON during the fourth quarter worth about $65,000. Arcadia Investment Management Corp MI purchased a new stake in ON during the 4th quarter valued at about $53,000. Concurrent Investment Advisors LLC raised its holdings in ON by 2.8% in the 4th quarter. Concurrent Investment Advisors LLC now owns 9,413 shares of the company's stock valued at $516,000 after acquiring an additional 259 shares during the last quarter. Vista Capital Partners Inc. lifted its stake in ON by 2.4% in the 4th quarter. Vista Capital Partners Inc. now owns 18,430 shares of the company's stock worth $1,009,000 after purchasing an additional 430 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in shares of ON by 337.3% during the 4th quarter. Global Retirement Partners LLC now owns 22,964 shares of the company's stock worth $1,258,000 after purchasing an additional 17,713 shares during the last quarter. Hedge funds and other institutional investors own 36.39% of the company's stock.
About ON
(
Get Free Report)
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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