ON (NYSE:ONON - Free Report) had its target price lifted by UBS Group from $65.00 to $73.00 in a research report sent to investors on Wednesday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.
A number of other brokerages have also weighed in on ONON. 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 research report on Wednesday, November 13th. Barclays raised 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. Truist Financial raised their price target on shares of ON from $58.00 to $61.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. The Goldman Sachs Group downgraded shares of ON from a "buy" rating to a "neutral" rating and set a $57.00 price target for the company. in a research note on Wednesday, February 12th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $67.00 price target on shares of ON in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $61.62.
View Our Latest Analysis on ON
ON Trading Down 5.7 %
ON stock traded down $2.83 during mid-day trading on Wednesday, reaching $46.70. The company had a trading volume of 6,559,942 shares, compared to its average volume of 4,552,856. ON has a fifty-two week low of $27.37 and a fifty-two week high of $64.05. The company has a market cap of $29.40 billion, a P/E ratio of 108.61, a P/E/G ratio of 1.02 and a beta of 2.35. The business has a fifty day simple moving average of $55.07 and a 200 day simple moving average of $52.48.
Institutional Investors Weigh In On ON
A number of large investors have recently bought and sold shares of the stock. Park Square Financial Group LLC acquired a new stake in ON in the fourth quarter worth $32,000. Azzad Asset Management Inc. ADV grew its holdings in ON by 0.4% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 146,393 shares of the company's stock worth $8,018,000 after purchasing an additional 608 shares during the period. Bernard Wealth Management Corp. acquired a new stake in ON in the fourth quarter worth $44,000. B. Riley Wealth Advisors Inc. grew its holdings in ON by 9.8% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 8,105 shares of the company's stock worth $444,000 after purchasing an additional 726 shares during the period. Finally, Mackenzie Financial Corp acquired a new stake in ON in the fourth quarter worth $425,000. 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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