Shares of On Holding AG (NYSE:ONON - Get Free Report) dropped 5.1% during trading on Friday . The company traded as low as $47.65 and last traded at $46.98. Approximately 834,028 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 4,529,434 shares. The stock had previously closed at $49.53.
Analyst Ratings Changes
A number of research firms have issued reports on ONON. Barclays upped their target price on shares of ON from $63.00 to $64.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. Citigroup assumed coverage on shares of ON in a report on Wednesday, December 18th. They issued a "neutral" rating and a $65.00 price objective on the stock. Truist Financial lifted their target price on shares of ON from $58.00 to $61.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. KeyCorp reissued an "overweight" rating and issued a $68.00 price target on shares of ON in a research note on Wednesday, March 5th. Finally, TD Cowen lifted their price objective on ON from $65.00 to $66.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $61.90.
Get Our Latest Stock Analysis on ONON
ON Stock Performance
The firm has a market cap of $28.31 billion, a price-to-earnings ratio of 104.38, a price-to-earnings-growth ratio of 1.02 and a beta of 2.35. The stock has a 50-day moving average of $54.68 and a 200-day moving average of $52.66.
Institutional Trading of ON
Hedge funds and other institutional investors have recently made changes to their positions in the business. Private Trust Co. NA bought a new position in shares of ON in the 3rd quarter valued at about $26,000. MidAtlantic Capital Management Inc. bought a new position in ON in the third quarter valued at approximately $29,000. Strategic Financial Concepts LLC acquired a new position in shares of ON during the 4th quarter worth approximately $30,000. Park Square Financial Group LLC bought a new stake in shares of ON during the 4th quarter worth approximately $32,000. Finally, Legacy Bridge LLC acquired a new stake in ON in the fourth quarter valued at $43,000. 36.39% of the stock is currently owned by institutional investors and hedge funds.
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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